Light Science Technologies Holdings (LSTH), the technology and manufacturing business targeting global food security and fire safety, has reduced its losses in “another period of positive progress.”
According to unaudited interim results for the six months ended 31 May 2025, loss before tax reduced by 51.2% to £0.16m, compared to a £0.33m loss in the same period last year.
Revenue, meanwhile, slid slightly to £5.1m from £5.2m.
By division, an 18.8% revenue contribution came from Passive Fire Protection (PFP) – up from 5.7% last year; 10.9% from AgTech (AGT) – up from 7.3% last year; and 70.3% from Contract Electronics Manufacturing (CEM) – down from 87% last year, reflecting a changing sales mix and focus on higher margin opportunities.
Simon Deacon, CEO of LSTH, said: “This was another period of positive progress as we continued to target high margin opportunities across our divisions, underpinning strong gross margin growth. Combined with a growing Group quoted sales pipeline and continued overhead cost control, we are increasingly well positioned for the future.
“Further scaling of the PFP and AGT divisions, in particular, is expected and the Board remains confident that the Group is well-placed to achieve its short-term objectives of delivering sustained net profitability. We look forward to providing additional updates that will further underpin the Board’s full year expectations.”
