Tech and Construction Lead Pre-Market Surge: Multiple Firms Report Stellar Results

📈 Today's Key Themes

Pre-market sentiment is overwhelmingly positive as multiple companies across technology, construction, and energy sectors report exceptional results. The technology sector, particularly cybersecurity and gaming, is showing robust growth, while construction firms are exceeding market expectations. This cross-sector strength suggests a potential bullish start to the trading day, with investors likely to focus on companies demonstrating resilience and growth in challenging economic conditions.

💡 Company Updates

Trading Updates

Shearwater Group plc (#SWG) has delivered an impressive trading update, with FY25 revenue expected to reach £41 million, up 45% year-on-year. The company's adjusted EBITDA is anticipated to be £2.2 million, marking a 100% increase. This performance, driven by contract wins and renewals in the Services segment, has been rated as very good in terms of sentiment.

Galliford Try Holdings plc (#GFRD) reports that full-year results will exceed expectations, with revenue and adjusted profit before tax surpassing analyst forecasts. The company's robust order book of £4.1 billion at 30 June 2025, with 90% of revenue secured for the new financial year, underscores its strong market position. The sentiment for this update is considered very good.

Hunting PLC (#HTG) has reported strong H1 2025 results, with EBITDA growing to $68-$70 million, up approximately 16% from H1 2024. The company's EBITDA margin of 13% and a healthy cash position of $79 million reflect its solid financial standing. The sentiment for this update is good.

everplay group plc (#EVPL) has released a positive trading update, reporting strong H1 2025 performance with new game releases performing well. The company expects full-year results to exceed market forecasts. Additionally, everplay has acquired the Hammerwatch IP and exclusive publishing rights for Settlement Survival and Operation Tango, further strengthening its market position. The sentiment for this update is rated as very good.

Annual Results

SRT Marine Systems plc (#SRT) has reported a remarkable 423% surge in annual revenues to £77.5 million for FY25, returning to profitability with a profit before tax and exceptional items of £4.4 million. The company's strong cash position of £9.9 million and a pipeline of new system contracts valued at up to £1.4 billion indicate significant growth potential. The sentiment for these results is considered very good.

🎯 Leading Developments

Technology Sector Resilience

The technology sector is demonstrating remarkable resilience, with companies like Shearwater Group and everplay group reporting strong growth. Shearwater's 45% revenue increase and 100% EBITDA growth highlight the robust demand for cybersecurity services. Meanwhile, everplay's successful game releases and strategic acquisitions underscore the gaming industry's potential. This performance suggests that tech companies, particularly those in cybersecurity and gaming, may be well-positioned to weather economic uncertainties.

Construction Sector Strength

Galliford Try's trading update, indicating results exceeding expectations and a strong order book, points to resilience in the construction sector. This performance, coupled with the company's progress towards its 2030 and 2026 margin targets, suggests that well-managed construction firms are navigating challenges effectively. Investors may view this as a positive indicator for the broader construction and infrastructure sectors.

Energy Sector Recovery

Hunting PLC's strong H1 2025 results, with significant EBITDA growth and a robust sales order book, indicate a potential recovery in the energy sector. The company's decision to increase its targeted annual dividend and launch a share buyback program further demonstrates confidence in its financial position and future prospects. This could signal improving conditions for companies operating in the oil and gas equipment and services industry.

📅 Week Ahead

10 July 2025: Vistry Group PLC (#VTY) Trading Update
10 July 2025: PageGroup plc (#PAGE) Second Quarter 2025 Trading Update and Conference Call
10 July 2025: Brooks Macdonald Group plc (#BRK) Fourth quarter FUMA update
10 July 2025: Trifast plc (#TRI) FY25 annual results announcement
10 July 2025: Schroders Capital Global Innov Trust Ord (#INOV) General Meeting to approve tender offer
11 July 2025: Polar Capital Technology Trust plc (#PCT) Expected publication of the company's results for the year ended 30 April 2025
11 July 2025: Hays plc (#HAS) Trading update for the quarter ending 30 June 2025 (Q4 FY25)
11 July 2025: PageGroup plc (#PAGE) Q2 Results
11 July 2025: Spectris plc (#SXS) Deadline for KKR to announce a firm intention to make an offer or announce that it does not intend to make an offer

View full calendar

Market Summary