Light Science Technologies Holdings plc, which operates through its AgTech, contract electronics manufacturing, and passive fire protection divisions, has reported record revenues in audited results for the year ended 30 November 2024.
The Derbyshire-based business hailed strong trading across all divisions, with the performance underpinned by increasing high margin contributions from the company’s AgTech and passive fire protection divisions.
Revenue at the firm reached £12.04m, up 29.5% on the prior year (£9.30m). Meanwhile, Light Science Technologies reduced its losses with a loss before tax of £30,000 (loss of £1.14m in 2023). This was helped by a strong second half of the year, which saw pre-tax profits of £300,000.
Simon Deacon, CEO, said: “I am delighted with the strong performance during the period. We have established a portfolio of businesses with a demonstratable track record targeting a diverse and growing range of end markets. Importantly, we are generating significantly increasing levels of revenue, growing Group margins and are delivering increasing levels of cash generation as we move towards our goal of achieving sustained profitability.
“We have further developed our product suite and routes to market and are extremely excited by the opportunity afforded to us across the business. The combination of global pressures and trends as well as legislation all point to an increasingly healthy orderbook and pipeline conversion, as we build on the record period we are reporting on today.”
