Stock Markets June 18, 2026 03:10 AM

Tekmar posts 31% H1 revenue rise as oil and gas work lifts margins

UK asset protection specialist reports positive adjusted EBITDA and higher gross margin; company cites order backlog and contract wins for H2 outlook

By Marcus Reed
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Tekmar Group reported a 31% year-over-year increase in first-half revenue to 16.20 million, with adjusted EBITDA turning positive at 100,000. Gross margin improved to 30.5% as sales shifted toward oil and gas work and process improvements supported profitability. Management flagged a record order backlog and recent contract awards as the basis for anticipating a stronger second half and material full-year improvement versus fiscal 2025.

Tekmar posts 31% H1 revenue rise as oil and gas work lifts margins
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Key Points

  • Revenue rose 31% year-over-year to 16.20 million in H1 2026.
  • Adjusted EBITDA turned positive at 100,000, and gross margin improved to 30.5% supported by process improvements and a shift toward oil and gas revenues.
  • Management expects stronger H2 performance and a material full-year improvement versus fiscal 2025, citing a record order backlog and recent contract wins; sectors impacted include offshore wind, oil and gas, and marine infrastructure.

Tekmar Group, a UK-based specialist in asset protection technologies, recorded a 31% increase in revenue for the first half of fiscal 2026, with sales rising to 16.20 million, compared with the prior-year period.

Adjusted EBITDA moved into positive territory at 100,000 for the first half of fiscal 2026, a reflection of narrower cost structures and improved margins.

Gross margin for the period reached 30.5%. The company attributed the margin expansion to a combination of process improvements and a change in revenue mix, notably an increased contribution from oil and gas projects.

Tekmar said that higher activity linked to oil and gas work was the principal driver of the first-half performance. Revenue from sales of polyurethane products to oil and gas clients helped offset a decline in concrete product sales and smoothed the impact of offshore wind project timing on the top line.

Looking ahead, management signalled expectations for a stronger second half of fiscal 2026. The company pointed to a record order backlog and a series of recent contract wins as the foundation for anticipating continued trading momentum and a material improvement in full-year results compared with fiscal 2025.

On longer-term prospects, the firm identified positive growth indicators across three end markets: offshore wind, oil and gas, and marine infrastructure.


Bottom line - Tekmar posted significant year-over-year revenue growth in H1 2026 alongside an improved margin profile and a move into positive adjusted EBITDA, while management expects the momentum to extend into the second half on the back of backlog and contract awards.

Risks

  • Offsetting factors in H1 included lower revenues from concrete products and timing differences in offshore wind projects, which could continue to affect quarterly comparability - impacts energy and renewable infrastructure sectors.
  • The company's H2 outlook relies on conversion of a record order backlog and recent contract wins; if timing or conversion does not proceed as expected, projected momentum may weaken - impacts company financials and market expectations.
  • While oil and gas activity supported H1 results, dependence on a stronger contribution from that sector exposes the company to demand fluctuations in oil and gas markets.

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