AB Dynamics AIM:ABDP
- Founded
- 1982 · Bradford-on-Avon, England
- Incorporated
- United Kingdom
- Chief executive
- Dr James Routh
- Employees
- 566
- Reports in
- GBP
- Companies House
- 08393914
Designs and manufactures advanced testing and simulation systems for the global automotive industry. Products include track-testing driving robots, ADAS soft targets and platforms, laboratory suspension test rigs and driving simulators, sold to vehicle makers, suppliers and test facilities worldwide. Has expanded via acquisition into adjacent test and measurement niches.
Read straight from the annual reports
813p at close on 2 Oct 2026 · 14 reported years, 2012–2025
| Line | FY201208/12 | FY201308/13 | FY201408/14 | FY201508/15 | FY201608/16 | FY201708/17 | FY201808/18 | FY201908/19 | FY202008/20 | FY202108/21 | FY202208/22 | FY202308/23 | FY202408/24 | FY202508/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 83.2 | ||||||||||||||
| Gross profit | vs 6.4 | later 47.1 | |||||||||||||
| Operating profit | vs 3.8 | later 4.8 | later 6.2 | ||||||||||||
| Adjusted operating profit | — | later 12.9 | later 13.7 | ||||||||||||
| Exceptional items | — | — | — | later 1.8 | later 3.0 | vs 6.6 | vs 1.2 | ||||||||
| Net finance cost | vs (0.04) | ||||||||||||||
| Profit before tax | later 4.4 | later 5.8 | |||||||||||||
| Adjusted profit before tax | — | — | — | — | — | — | later 13.1 | later 13.3 | |||||||
| Tax charge | later 0.36 | later 1.0 | |||||||||||||
| Profit for the year | later 4.0 | later 4.7 | |||||||||||||
| EBITDA | |||||||||||||||
| Adjusted minus statutory PBT | — | — | — | — | — | — | |||||||||
| Basic EPS | |||||||||||||||
| Diluted EPS | |||||||||||||||
| Adjusted EPS | — | ||||||||||||||
| Dividend per share | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
14 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Road safety regulation and increasing ADAS/active safety complexity
Estimated 1.35m road deaths per year driving regulation; UNECE and NHTSA mandating active safety equipment such as AEB
page 12New vehicle powertrains (EVs, hybrids, hydrogen)
Number of new EV models expected to nearly double from 2024 to 2035, each requiring re-testing and certification
page 10Operational gearing and scale from a fixed cost base
Adjusted operating margin increased 240bps to 20.3%, driven by continued operational improvements
page 21Richer revenue mix
Margin benefit from revenue mix noted as not expected to be repeated in FY2026
page 21We made a strong start to delivering our value creation plan with profit growth slightly ahead of expectations, margin improvement and the acquisition of Bolab, despite challenging macroeconomic circumstances.
page 10Progressive dividend policy; Board recommending final dividend of 6.36p per share (2024: 5.30p), giving total dividend for the year of 9.16p per share (2024: 7.63p), an increase of 20%. Payable 30 January 2026, ex-dividend 15 January 2026, record date 16 January 2026
page 11Directors adopted going concern basis. At 31 August 2025 net cash was £41.4m with a £20.0m undrawn revolving credit facility to February 2028. Cash flow forecasts prepared to 31 August 2027 (at least 12 months from approval date), with sensitivity testing of a 25% demand reduction over two years, 10% increase in operating costs, increase in cash collection cycle, and 12% reduction in gross margins from input cost increases; sensitised scenario shows headroom throughout. Auditor Crowe UK LLP issued an unqualified opinion; key audit matters were revenue recognition on long-term contracts and recoverability of goodwill/acquired intangibles
page 96Read from C000007-AR-2025-ch.
13 annual reports read, FY2013 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (13)
FY2026Next report expected 1 Dec 2026