Calnex Solutions Plc

Calnex Solutions Plc

51.00
GBX
-0.50
(-0.97%)
3.92BMarket Cap
Nov 24Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.1
0.12
0.16
0.24
0.25
0.31
0.19
0.21
0.25
- -
Basic EPS, GAAP
0.01
0.02
0.03
0.05
0.05
0.07
- -
- -
0.01
- -
Free Cash Flow per Basic Share
-0.01
0.02
0.03
0.08
0.04
0.07
-0.07
-0.01
-0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
0.01
0.01
0.01
0.01
- -
Book Value per Share
0.04
0.08
0.12
0.2
0.25
0.31
0.31
0.3
0.31
0.31
Tangible Book Value per Share
-0.05
-0.03
- -
0.11
0.15
0.17
0.15
0.14
0.13
0.13
Basic Weighted Avg Shares
88
88
88
74
88
88
88
88
88
88
Sales/Revenue/Turnover
8
11
14
18
22
27
16
18
22
- -
Operating Margin (%)
14.03
27.58
24.16
21.15
27.18
25.77
-3.79
2.38
4.8
- -
Depreciation Expense
2
2
2
3
3
4
4
5
5
- -
Net Income, GAAP
1
2
2
3
5
6
- -
- -
1
- -
Effective Tax Rate (%)
17.18
14.82
23.28
5.32
23.99
17.99
- -
53.19
41.48
- -
Profit Margin (%)
8.92
20.38
16.65
19.21
20.59
21.53
0.25
1.83
3.33
- -
Working Capital
1
1
3
11
15
18
16
16
16
16
LT Debt
3
2
2
- -
1
- -
- -
1
1
1
Total Equity
3
5
7
17
22
27
27
27
27
27
Return on Invested Capital (%)
- -
37.57
28.74
25.31
22.16
22.79
- -
0.73
2.18
- -
Return on Capital (%)
- -
38.31
29.48
26.12
22.55
23.39
- -
1.28
2.76
- -
Return on Common Equity (%)
- -
59.68
39.23
28.59
23.29
24.03
0.15
1.25
2.71
- -

Capital Structure

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
88
88
88
Market Capitalization
40
49
39

Working Capital

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
23
20
24
Cash, Cash Equivalents & STI
11
10
9
Accounts Receivable, Net
5
2
8
Inventories
5
5
5
Total Current Liabilities
6
4
9
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.31%
1.87%
Free Cash Flow
- -
-30.91%
79.76%
Net Income, GAAP
- -
164.18%
116.02%
Sales/Revenue/Turnover
- -
7.68%
18.98%
Total Cash Common Dividend
- -
- -
0.49%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
16
2025
- -
- -
18
2026
- -
- -
22

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.01

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.01
2025
- -
- -
0.01
2026
- -
- -
0.01

Company Description

CEO
Thomas Cook
Full Time Employees
163
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Oracle Campus Linlithgow SC United Kingdom EH49 7LR
IPO Date
Oct 5, 2020
Business
Calnex Solutions plc designs, produces and markets test and measurement instrumentation and solutions for network synchronization, network emulation and telecommunications infrastructure validation in the telecoms, cloud computing and defence sectors; its core products include timing and synchronization solutions such as Paragon-neo (an 800Gb/s tester), Paragon-X, Sentinel and Sentry for network test, lab test and sync monitoring, as well as network emulation products such as Calnex SNE-X and NE-ONE for application performance testing, infrastructure testing, O-RAN conformance, data center efficiency, military network modeling, cyber ranges, XR and games testing. The company serves telecoms network operators, equipment providers, cloud hyperscalers, defence contractors and technology firms including BT, China Mobile, NTT, Ericsson, Nokia, Intel, Qualcomm, Nvidia and Meta; it operates globally with orders delivered to over 600 customer sites in 68 countries. Founded in 2006 and headquartered in Linlithgow, Scotland, Calnex maintains additional facilities in Belfast (Northern Ireland), Stevenage (England) and California (US), supported by sales teams in China and India and a worldwide partner distribution network. Recent developments include the launch of Paragon-neo in late fiscal 2025 to target high-speed 5G, AI, quantum computing and defence applications, alongside expanded network emulation offerings following the acquisition of iTrinegy; the company terminated its distribution agreement with Spirent Communications effective July 2024 and strengthened sales channels by adding direct resources and partners in North America, Europe, India and Asia-Pacific. In November 2025, Calnex announced a partnership with Viavi Solutions for joint Open RAN testing solutions to enhance pre-validation and access Viavi's installed base; it also initiated development of a 1.6Tb/s synchronization solution for delivery in 2027 and reported FY2025 revenue growth of 12% to £18.39 million with a return to profitability. These initiatives reflect a strategic refocus on high-growth markets, cost optimization and product innovation amid telecoms recovery and diversification into cloud and defence.