Shares of Kromek Group Plc (KMK.L) are up 5 percent on Monday's trading after the company said in its trading update for the first six months of fiscal 2026 that it projects revenue of around 14.5 million pounds for the period, higher than the 3.7 million pounds recorded in the same period last year.
Looking ahead, Kromek Group expects to report profit before tax and positive adjusted EBITDA for the first half, compared to a pre-tax loss of 5.7 million pounds and an adjusted EBITDA loss of 2.3 million pounds in the corresponding period last year.
On the LSE, the stock is up 4.68 percent on Monday's trading at 7.59 pence.
The increase in first-half revenue includes 8.2 million pounds revenue from the enablement agreement with Siemens Healthineers, which was announced in January this year, the company added.
The company, which develops radiation detection solutions, said that on an underlying basis, excluding the Siemens Healthineers contribution, it expects revenue of at least 6.3 million pounds, a 70 percent growth from the 3.7 million pounds in the year-ago period. The increase can be attributed to strong performance in the CBRN Detection and Advanced Imaging division respectively.
The company added that it anticipates continued revenue growth for fiscal 2026, with results projected to be in line with market expectations.
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