Filtronic Doubles Revenue to £56.3m as SpaceX Deal Powers Record Year
The Sedgefield-based company tripled operating profit after winning contracts with SpaceX, Viasat, Airbus and the European Space Agency.
- Revenue rose 121% to £56.3m in the year to 31 May 2025.
- Operating profit rose from £3.6m to £13.4m.
- A custom-built Sedgefield facility will double UK manufacturing capacity.
Sedgefield-based communications technology specialist Filtronic more than doubled its revenue in a record financial year, driven by major contracts in space and defence.
The numbers
Revenue grew 121% to £56.3m in the year to 31 May 2025. Adjusted EBITDA rose to £17m from £4.9m, and operating profit increased to £13.4m from £3.6m.
Major contracts
The year included a landmark agreement with SpaceX, as well as satellite contracts with Viasat, Airbus and the European Space Agency. In defence, Filtronic secured an airborne radar programme with Leonardo and made progress with QinetiQ and BAE Maritime Systems.
Investing for growth
The AIM-listed company more than doubled research and development spending to £6.7m and launched Prometheus, which it describes as the most powerful solid-state power amplifier available. It opened an engineering office in Cambridge, and construction is under way on a custom-built Sedgefield facility that will double UK manufacturing capacity.
