’EnSilica has confirmed record revenues of £27.5m for the year ended 31 May 2026, a 51% increase on the prior year’s £18.2m. EBITDA is expected to come in at £4.7m against an EBITDA loss of £49k in FY 2025. The company ended the year with a healthy cash position of £7.5m, underpinned by the £10m equity fundraise completed in March 2026. FY2027 guidance is in line with our current forecasts, pointing to further strong growth, and is supported by a new business opportunities pipeline that has expanded to $600m from $400m, even after $125m of recent contract wins transferred from pipeline into committed life-time supply revenues. Committed life-time revenues now sit at $375m, an increase of c.50% over the year. Against this increasingly positive backdrop, we have extended our forecast horizon to include FY 2029.’
Matt Butlin, Allenby Capital, 23rd June 2026
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