Solid State (GB:SOLI) has released an update.
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Solid State PLC reports a record-breaking year with a 29% increase in revenue to £163.3m and a substantial 45.2% rise in profit before tax to £12.2m. The company has successfully improved its operating margins and reduced net debt by 58%, signaling a robust financial performance and a strong push towards its 2030 strategic goals. Despite a post-pandemic normalization, the firm has maintained a solid order book and is optimistic about its growth prospects, underpinned by key contracts and innovative engineering capabilities.
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