Filtronic Shares (LON: FTC) Double This Year as Transformation Delivers

Filtronic shares (LON: FTC) are moving higher today, as the company posted a year of transformative growth, with revenue more than doubling.

Strategic execution and key wins in the burgeoning space, aerospace, and defence sectors have set the company up bullishly so far this year, with the Filtronic share price now more than doubling in 2025 (+107% YTD).

The company's FY2025 results highlight a dramatic turnaround, with revenue more than doubling to £56.3 million from £25.4 million in FY2024.

Adjusted EBITDA nearly tripled to £17.0 million, while operating profit surged by 272% to £13.4 million.

The driving force behind Filtronic's resurgence is its ability to capitalize on the convergence of space, aerospace, and defence markets.

The increasing demand for high-frequency, secure, and resilient communications infrastructure is creating a fertile ground for companies like Filtronic, which possess the technological expertise and agility to meet these evolving needs.

As CEO Nat Edington stated, FY2025 was a transformative year, and the company is now well-equipped to scale effectively and capitalize on the significant opportunities ahead.

The company's record order intake in the space sector, highlighted by a landmark agreement with SpaceX, speaks volumes about its growing reputation and the five-year agreement to supply Cerus solid-state power amplifier (SSPA) products for the Starlink constellation, further solidified by a $32.5 million order, is a testament to the strength of this partnership.

Beyond SpaceX, Filtronic has secured significant contracts with Viasat, the European Space Agency, and Airbus, diversifying its revenue streams and demonstrating its broad appeal across the space ecosystem.

The company is also making significant inroads in the defence sector, leveraging its RF expertise to secure contracts with major players like Leonardo, QinetiQ, and BAE Maritime Systems.

To support its ambitious growth plans, Filtronic is investing heavily. The company is currently in the process of moving to a new, custom-built facility in Sedgefield, and has opened a new design facility in Cambridge in order to remain at the forefront of RF technology development.

With a healthy cash position, a robust order book, and a strengthened leadership team, the setup for Filtronic entering FY2026 appears strong.