Linlithgow-based telecoms testing firm Calnex Solutions has reported a 13% increase in annual revenue, rising from £16.2 million to £18.3 million for the year ending 31 March 2025.
The final results also showed a 15% increase in gross profit, up from £11.9 million to £13.7 million, reflecting stronger sales volumes and a favourable product mix. Gross margins also improved year-on-year, supporting the company’s return to profitability.
Chief executive Tommy Cook said:
“We have made strong progress this year across key sectors, despite the ongoing challenging telecoms market. Both the implementation of our sales network and our product expansion strategy have progressed materially this year, with healthy uptake of the 800Gb/s synchronisation testing solutions and increased demand for our NAA products driving the return to growth.”
The board has proposed a final dividend of 0.62p per share, bringing the total dividend for the full year to 0.93p.
Calnex ended the year with a closing cash position of £10.9 million, slightly down from £11.9 million the previous year, but £2.3 million ahead of its mid-year position. The company also reported a strong closing trade receivables balance of £5.3 million, driven by robust fourth quarter trading.
The company maintained a stable headcount, with targeted graduate and specialist hires supporting new strategic initiatives. Multiple new channel partners were added during the year, expanding Calnex’s reach across North America, Europe, India and Asia Pacific.
“We enter FY26 with a healthy order backlog, strong cash balance and increasing customer engagement,” Cook added. “Momentum from product development is building into FY26, which, with stabilised trading in the telecoms market, longstanding customer relationships across all territories and a widening footprint in a variety of end markets, leaves us well-positioned to convert our sales pipeline and deliver another year of growth and FY26 performance in line with market expectations.”
