Derbyshire-based Light Science Technologies Holdings, comprising three divisions: Controlled Environment Agriculture (CEA); Contract Electronics Manufacturing (CEM); and Passive Fire Protection (PFP), has hailed record group revenues in a new trading update for the 12 months ended 30 November 2024.
Group revenue increased by approximately 29% to £12m for the period, up from £9.3m in the year prior, underpinned by strong trading across all divisions. Losses for the period reduced substantially to £0.2m, from £1.1m.
Light Science Technologies noted that “importantly, the business was net profitable during H2 2024, and management is expecting to sustain this momentum in FY 2025.”
Revenues from the CEM division grew by approximately 5% to £9.5m with continued strong traction from sports entertainment.
The CEA division generated revenues of £0.8m – up approximately 250% year-on-year – highlighting increased traction and the benefits of the firm’s Tomtech acquisition, which is helping drive increased cross selling opportunities.
The PFP division contributed £1.8m in sales, establishing an entirely new revenue stream for the group.
Simon Deacon, CEO of Light Science Technologies Holdings, said: “Our key focus is on continuing the profitability we have seen in H2 with increasing levels of margin contributions from PFP and CEA; and by realising further efficiency gains across the Group.
“We are an innovative business, and management has worked hard to stabilise and scale operations within growth markets. We believe that we are positioned to generate increasing levels of recurring revenue and cash and have a portfolio of well-balanced sustainable businesses that are positioned to benefit from broader market trends as we focus on long-term profitable trading.
“We have a number of exciting opportunities across all three divisions and are confident that the business will provide strong and growing returns.”
