Tekmar Group, a UK-based specialist in asset protection technologies, recorded a 31% increase in revenue for the first half of fiscal 2026, with sales rising to 16.20 million, compared with the prior-year period.
Adjusted EBITDA moved into positive territory at 100,000 for the first half of fiscal 2026, a reflection of narrower cost structures and improved margins.
Gross margin for the period reached 30.5%. The company attributed the margin expansion to a combination of process improvements and a change in revenue mix, notably an increased contribution from oil and gas projects.
Tekmar said that higher activity linked to oil and gas work was the principal driver of the first-half performance. Revenue from sales of polyurethane products to oil and gas clients helped offset a decline in concrete product sales and smoothed the impact of offshore wind project timing on the top line.
Looking ahead, management signalled expectations for a stronger second half of fiscal 2026. The company pointed to a record order backlog and a series of recent contract wins as the foundation for anticipating continued trading momentum and a material improvement in full-year results compared with fiscal 2025.
On longer-term prospects, the firm identified positive growth indicators across three end markets: offshore wind, oil and gas, and marine infrastructure.
Bottom line - Tekmar posted significant year-over-year revenue growth in H1 2026 alongside an improved margin profile and a move into positive adjusted EBITDA, while management expects the momentum to extend into the second half on the back of backlog and contract awards.