SRJ Reports £682K Revenue Up 23%, Losses Widen to £1.64M
SRJ Technologies Group Plc reported a 23% increase in revenue driven by a new subsidiary, yet losses widened significantly due to lower BoltEx® sales and subsidiary losses. No dividends were declared.
- Revenue rose 23% to £682,691, boosted by an additional subsidiary
- Losses increased 73% to £1.64 million, impacted by reduced BoltEx® deliveries
- No dividends declared for the fiscal year
- Net tangible asset backing per share remained at zero
- Financials prepared under UK GAAP with no audit disputes
Revenue Growth Amid Expansion
SRJ Technologies Group Plc has reported a notable 23% increase in revenue for the year ending 30 June 2025, reaching £682,691. This growth was primarily driven by the acquisition of an additional subsidiary, signaling the company’s ongoing efforts to expand its footprint within the industrial technology sector.
Rising Losses Offset Gains
Despite the top-line improvement, the company’s financial results reveal a stark contrast on the bottom line. Losses after tax surged by 73% to £1.64 million, a significant increase from the previous year’s £949,104. This deterioration is attributed to a decrease in deliveries of SRJ’s BoltEx® product line, a key offering in their portfolio, alongside losses incurred by the newly acquired subsidiary. The combination of these factors has put pressure on profitability, raising questions about operational efficiency and integration challenges.
Dividend and Asset Position
SRJ Technologies has not declared any dividends for the reporting period, reflecting the company’s cautious approach amid widening losses. Furthermore, the net tangible asset backing per ordinary share remains at zero, indicating limited tangible asset value on the balance sheet relative to share count. This metric often signals to investors the underlying asset strength and potential cushion against financial volatility.
Accounting and Governance
The company’s financial statements were prepared in accordance with UK Generally Accepted Accounting Principles (UK GAAP), and no audit disputes or qualifications were reported. This suggests that, despite the challenging financial results, the reporting maintains transparency and compliance with regulatory standards.
Looking Ahead
While the revenue growth driven by acquisition is a positive signal, the significant increase in losses and reduced BoltEx® product deliveries highlight operational hurdles that SRJ Technologies must address. Investors will be keen to see management’s strategy for improving product sales and integrating new subsidiaries more effectively in future updates.
Bottom Line?
SRJ’s revenue growth masks deeper operational challenges that will test its path to profitability.
Questions in the middle?
- What is the outlook for BoltEx® product sales in the coming year?
- How will the new subsidiary’s performance evolve and impact overall profitability?
- Are there plans to return to dividend payments once losses are contained?
