RC Fornax reports strong revenue momentum and expanding defence pipeline

RC Fornax CFO Rob Shepherd joined Steve Darling from Proactive to discuss the company’s unaudited interim results for the six months ended 28 February 2026, highlighting improving revenue momentum, growing order conversion, and increasing visibility into the second half of the financial year. The company reported revenue of £2.2 million for H1 FY26, compared with a restated £2.5 million in H1 FY25. Management emphasized that revenue during the period was 40% ahead of H2 FY25 revenue of £1.6 million, reflecting accelerating pipeline conversion and strengthening customer demand. RC Fornax also achieved an average month-on-month revenue increase of 26% during the reporting period, demonstrating growing operational momentum. A significant component of the company’s strategy continues to center on expanding higher-value outcome-based services. These services represented 72% of the company’s revenue mix during H1 FY26, compared with 52% in the comparable prior-year period. Management n...