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Steve Wadey
Group CEO & Govt Director
Thanks, Stephen, and good morning, everyone, and welcome to our half 12 months outcomes for FY ’26. While we proceed to function in difficult market situations, we’ve taken decisive motion to enhance our short-term efficiency and drive long-term development, creating worth for shareholders. And because of the dedication and onerous work of our extremely expert staff, we have continued to help our prospects’ operational wants, delivering mission-critical applied sciences and companies.
In the present day, we’ll take you thru our half 1 outcomes and the actions we have taken to handle each near-term challenges and strengthen our market positioning for the long run. An ideal instance is proven right here, which illustrates the profitable completion of the artificial trials we undertook with BAE Programs to reveal how drones can function alongside fight plane like Storm. This was a big milestone in growing vital sovereign capabilities wanted to defend the U.Ok.’s nationwide pursuits.
Let me begin with our key messages for immediately. First, in powerful near-term market situations which have delayed orders within the U.Ok., we’ve delivered strong operational efficiency and our restructuring program within the U.S. is on monitor. Secondly, our mission-critical capabilities stay extremely related to our prospects’ wants in a rising protection market and mixed with our important order guide and substantial pipeline, present excellent visibility for long-term development. Thirdly, regardless of near-term headwinds in our residence markets, we
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