Shares of Solid State plc (SSP.L) were climbing around 18 percent in the London trading after the specialist value-added component supplier Wednesday reported strong year-end trading, expecting fiscal 2026 adjusted pre-tax profit and revenues ahead of current market estimates.
In its trading update for the year ended March 31, the design-in manufacturer of computing, power, and communications products reported that the Group has had a strong end to the year, building on the positive momentum achieved in the first three quarters.
For the year, adjusted profit before tax will be ahead of consensus market expectations of 7.2 million pounds. Further, revenue is expected to be ahead of consensus market expectations of 145 million pounds, and will be not less than 150 million pounds.
All three divisions, Components, Power and Systems, have performed strongly. Components delivered strong year on year improvement benefitting from exciting new design wins in the UK and the US underpinned by improved market conditions.
The open orderbook as of March 31 was around 106.5 million pounds, compared to 97.0 million pounds as of November 30, 2025, primarily as a result of strong order intake in the Power division since December update.
The company noted that the majority of the open orderbook is expected to be delivered over the next 18 months, subject to supply chain availability.
Nigel Rogers, Chairman of the Board, said, "It is very pleasing to be upgrading expectations for the year ended 31 March 2026 and reporting positive momentum in the open orderbook. Against a backdrop of heightened global tensions, governments are prioritising defence and security. While the context is challenging, it is leading to increased demand for our technology and capabilities from both new and existing customers."
On the London Stock Exchanage, the shares were trading at 165.00 pence, up 18.28%.
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