Cohort plc (LSE:CHRT) reported a 9% rise in revenue to £128.8 million for the first half of 2025, supported by strong contributions from EM Solutions and other group companies, with the exception of MCL. Adjusted operating profit edged down slightly to £9.7 million, but the group continued to demonstrate resilience, ending the period with an order book of £604.5 million. Reflecting confidence in future performance, Cohort increased its interim dividend by 10%. The Communications and Intelligence division delivered a notable uplift in profit, while margins in the Sensors and Effectors division softened due to specific project impacts. Management expects momentum to build in the second half, aided by the company’s substantial order pipeline and a favourable outlook across core defence markets.

Cohort’s positive financial results and supportive corporate developments are tempered by bearish technical indicators and a moderate valuation profile. While the company’s revenue trajectory and strategic execution remain strengths, broader market sentiment suggests a degree of caution.

More about Cohort plc

Cohort plc is a defence-focused technology group with operations in the UK, Australia, Germany, and Portugal. The company is organised into two primary divisions: Communications and Intelligence—encompassing EID, EM Solutions, MASS, and MCL—and Sensors and Effectors, comprising Chess Dynamics, ELAC SONAR, and SEA. Cohort provides a wide range of products and services to both domestic and international defence customers.

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