Oxford Metrics PLC said preliminary first-half revenue rose by 3% year-on-year, a performance led by stronger results in its Motion Capture division. The company attributed Motion Capture growth of 10% to international contract wins and sustained demand across entertainment and engineering customers. In contrast, revenue from its Vision Metrology division declined by 17% as a result of delayed customer projects that the firm now anticipates completing later in fiscal year 2026.
The group recorded a pretax loss of £1.0 million for the half-year and reported basic earnings per share of negative £0.007. Adjusted EBIT loss improved to £0.2 million from £0.4 million in the prior-year period. Oxford Metrics said this narrowing of the adjusted EBIT shortfall was driven by an improved gross margin, tighter cost controls and a higher proportion of revenue coming from the Motion Capture business mix.
Management confirmed that it is maintaining its fiscal year 2026 revenue guidance at approximately £56 million for the 15-month reporting period. The company also reiterated plans for further cost optimisation, expecting these measures to yield between £1.0 million and £1.6 million in annualised savings beginning in fiscal year 2027.
On the divisional outlook, Oxford Metrics described the Motion Capture sales pipeline as supportive, suggesting continued momentum from contract wins and market demand. For Vision Metrology, the company said forward visibility has improved despite the earlier project delays and signalled that the outstanding work is now expected to be completed later in fiscal year 2026.
Financial highlights
- Preliminary first-half revenue up 3% year-on-year.
- Motion Capture revenue increased 10%.
- Vision Metrology revenue down 17% owing to delayed customer projects.
- Pretax loss of £1.0 million; basic EPS negative £0.007.
- Adjusted EBIT loss narrowed to £0.2 million from £0.4 million.
- FY26 revenue guidance maintained at approximately £56 million for the 15-month period.
- Expected annualised cost savings of £1.0-1.6 million from FY2027 due to further optimisation.
Oxford Metrics' update presents a mixed picture: growth concentrated in Motion Capture has improved margins and reduced the adjusted EBIT loss, while Vision Metrology continues to be affected by project timing. Management's guidance and planned cost-savings targets provide a framework for earnings improvement, although the company will need to complete the delayed Vision Metrology projects to fully realise that recovery.