Calnex Solutions reports 13% revenue growth
Calnex Solutions has reported revenue rising 13% year-on-year from £16.2m to £18.3m, while gross profit was also up 15%, from £11.9m to £13.7m.
The telecommunications and cloud computing test company's final results for the year ended 31 March 2025 also showed improved gross margin, reflecting the increased revenue volumes and product mix.
A closing cash position at the end of March of £10.9m was down from £11.9m a year earlier, but £2.3m ahead of the cash position at the half year.
A closing trade receivables balance of £5.3m also came after strong fourth quarter trading, while cost control measures taken through the year also contributed to a return to profit.
The board has therefore proposed a final dividend of 0.62p per share, making a total of 0.93p per share for the full-year 2025.
Headcount remained broadly flat year-on-year, with targeted graduate and specialist hires supporting new initiatives, including enhanced partner management.
Multiple new channel partners - covering North America, Europe, India and Asia Pacific - were onboarded during the period. expanding sales coverage.
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.
“We enter FY26 with a healthy order backlog, strong cash balance and increasing customer engagement,“ he continued, adding: “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.“
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