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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Dec 3, 2025
AI Summary
Q2 2026

Revenue Growth: SDI Group reported 10% total revenue growth for the first half, with 3% from organic growth and 7% from acquisitions.

Profitability: Net operating margin improved from 12.6% to 13.5%, and gross margin rose by 100bps to 66.3%.

Segment Performance: Lab Equipment, Sensors, and Products divisions all saw revenue increases, with standout contract wins in Lab Equipment and Products.

Acquisition Strategy: One acquisition completed (Severn Thermal Solutions), with the M&A pipeline described as strong and more deals possible.

Guidance: Management expects second half performance to be stronger, reiterates full-year guidance of around GBP 75 million revenue.

Margin Outlook: Management sees room for further group margin improvement through operational excellence, cost optimization, and targeting higher-margin acquisitions.

Geopolitical Risks: Geopolitical uncertainty is cited as the biggest challenge, but management believes the business is well-placed to navigate it.

Key Financials
Revenue
GBP 75 million (guidance for FY '26); over GBP 66 million (FY '25 actual)
Net Operating Margin
13.5%
Gross Margin
66.3%
Cash Generated from Operations
GBP 4.2 million
Net Debt
GBP 18 million
Leverage (Net Debt to EBITDA)
1.3x
Lab Equipment Division Revenue
Over GBP 12 million (H1)
Lab Equipment Division Organic Growth
5.9%
Lab Equipment Division Net Operating Margin
11.7%
Sensors Division Revenue
GBP 9 million (H1)
Sensors Division Organic Growth
5.6%
Sensors Division Margin
21.7%
Products Division Revenue
GBP 13 million (H1)
Products Division Organic Growth
-1.2%
Products Division Margin
21.6%
Customer Advances
GBP 2.9 million
CapEx Guidance
2.5% to 3% of sales (FY '26)
Working Capital as % of Sales
21%
Earnings Call Recording

Other Earnings Calls

2026