Today Pennant announced its Final Results for the Financial Year ended 31 December 2024 to the London Stock Exchange.
Commenting on the results and outlook, Chief Executive Officer, Phil Walker, said: “We are pleased to have delivered these results while having successfully reshaped the business, in line with our revised strategy. The UK strategic defence review created unpredictability within our training systems pipeline, which was already impacted by an elongation of customer procurement timeframes. This ultimately accelerated our restructuring plan which is reflected in the results for the Period. We began FY25 with a focused strategy, realigned structure, and strengthened balance sheet, providing an excellent platform for growth.
“With the latest release of Auxilium on 31st March 2025 providing additional integrated capability, our focus turns to delivery of both our go-to-market strategy and excellent customer experience. We are currently presented with a favourable geopolitical backdrop and expect to deliver growth in margin and recurring software revenues as we progress.”
Click here to read the full announcement and view the FY24 Annual Report & Accounts here.
