Calnex Solutions (CLX) Trading Update summary

Financial performance and growth

• Achieved 12% revenue growth in FY25 to approximately £18.3m, with improved gross margin and a return to profit due to cost control measures.

• Cash position at 31 March 2025 was £10.9m, up £2.3m from the half-year, reflecting strong H2 cash generation.

Strategic initiatives and product development

• Growth driven by product expansion strategy, focusing on telecoms, cloud computing, and defence markets with near-term potential.

• Launched Paragon-neo for 800Gb/s synchronisation testing, stimulating revenue growth and indicating early telecom sector recovery.

Market and sales channel expansion

• Orders for Network and Applications Assurance products increased, with demand from cloud, defence, government, satellite, and enterprise sectors.

• Onboarded new sales partners in North America, Europe, India, and Asia-Pacific, expanding coverage beyond previous arrangements.

• Board monitoring proposed US tariff changes and working with partners to address potential impacts.