Cohort AIM:CHRT
- Founded
- 2006 · Theale, England
- Incorporated
- United Kingdom
- Chief executive
- Andrew Thomis
- Employees
- 1,569
- Reports in
- GBP
- Companies House
- 05684823
Defence and security group owning independently managed subsidiaries including SEA (naval systems and torpedo launchers), MASS (electronic warfare and cyber training), Chess Dynamics (surveillance and counter-drone), ELAC Sonar in Germany and EM Solutions in Australia. Benefits directly from rising NATO and allied defence spending.
Read straight from the annual reports
1,206p at close on 2 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201504/15 | FY201604/16 | FY201704/17 | FY201804/18 | FY201904/19 | FY202004/20 | FY202104/21 | FY202204/22 | FY202304/23 | FY202404/24 | FY202504/25 | FY202604/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 110.5 | ||||||||||||
| Gross profit | later 39.7 | ||||||||||||
| Operating profit | later 10.3 | ||||||||||||
| Adjusted operating profit | later 15.2 | ||||||||||||
| Exceptional items | vs 0.92 | — | |||||||||||
| Net finance cost | |||||||||||||
| Profit before tax | later 10.2 | ||||||||||||
| Adjusted profit before tax | — | — | — | — | — | — | — | — | — | — | |||
| Tax charge | later 2.1 | ||||||||||||
| Profit for the year | later 7.7 | ||||||||||||
| 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.
12 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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UK MOD spending and order intake (single largest customer, 50% of Group revenue)
The Group's single most important customer remains the UK MOD; 50% of our revenue (2024: 48%) and £115m (55%) of our order intake came ultimately from this customer
page 42Export defence and security sales, especially in Sensors and Effectors (Asia Pacific/Europe)
Export defence revenue grew by 22% (2024: 23%)... £87.4m of revenue (33%) was delivered to defence and security export customers
page 42EID return to profitability and record margin performance
EID returned to profit with a net margin of just under 9%, a record performance at EID, mostly from its domestic customer
page 17Contribution from newly acquired EM Solutions and ITS
EM Solutions and ITS both made small strongly profitable contributions to the performance of the division
page 17With a record order book alongside our net funds and market position, this provides a robust foundation for future organic growth, and the ability to make further strategic additions to the Group as we did this year.
page 6On 30 June 2025, SEA sold its Transport undertaking (within the Sensors and Effectors division) for an enterprise value of just over £8m; the Transport business was not considered a strategic part of the Group's primary defence offering.
page 116Progressive dividend policy; dividend increased every year since the Group's IPO in 2006. Total dividend for 2024/25 of 16.30 pence per share (2024: 14.80 pence), a 10% increase, comprising the interim dividend of 5.25 pence (paid 18 February 2025) and a proposed final dividend of 11.05 pence (2024: 10.10 pence) payable 3 October 2025, subject to shareholder approval at the AGM on 25 September 2025.
page 7RSM UK Audit LLP (senior statutory auditor Richard Coates) issued an unqualified opinion that the financial statements give a true and fair view. The Directors adopted the going concern basis, concluding the Group and Company have adequate resources to continue in operational existence for at least 12 months from the date of signing (29 July 2025), supported by a £50.0m banking facility (£16.7m undrawn at 30 April 2025) renewed to July 2027, a record order book extending to the mid-2030s, and improved visibility from increased UK/NATO defence spending following the UK Strategic Defence Review.
page 76- Capacity to grow the Group organically and by acquisition, including winning new business and executing value-adding acquisitionsp.42
- Customer reputation risk given concentration on the UK MOD as single most important customerp.42
- Operations and project execution risk on fixed-price, long-term contracts (bid risk, technical risk, cost estimation)p.43
- Cyber security risk, with an increase in attack threats evidenced by high-profile attacks in the sectorp.43
Read from C000308-AR-2026-website.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10), Company website (1)
FY2027Next report expected 4 Aug 2027