Solid State PLC (AIM:SOLI) shares jumped on Wednesday, rising around 17% to 163.15p, after it told investors that full-year revenue and adjusted pre-tax profit will come in ahead of market expectations after a strong finish to the year, with the electronics specialist ending March with an expanded order book and firmer demand across all three divisions.
The AIM-listed group said revenue for the year ended 31 March 2026 is expected to be no less than £150 million, ahead of consensus forecasts of £145 million, while adjusted profit before tax will also top expectations.
Its components division posted year-on-year improvement on the back of new UK and US design wins, while the Power division benefited from management changes, capability investment and stronger demand tied to drones and other autonomous technologies.
Systems, meanwhile, was supported by demand for communications products and a growing pipeline for antenna and integrated systems work.
Solid State’s open order book stood at around £106.5 million at year-end, up from £97 million at the end of November, helped chiefly by about US$20 million of Power division orders secured since the company’s December update.
It said most of that backlog is expected to be delivered over the next 18 months, although that remains subject to supply-chain availability.
Chairman Nigel Rogers said the upgrade reflected both stronger trading and improving order momentum, while pointing to rising defence and security spending as governments respond to global tensions.
The company also warned that lead times are beginning to extend again for certain components, driven by AI-related demand and geopolitical instability.