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<a href="https://smartkarma.com/entities/solid-state-plc">Solid State</a> is a specialized, value-added electronics supplier with a strong focus on high-reliability sectors like defense and industrial, which offer long-term visibility and demand resilience.</li>
 <li>The company is navigating a period of financial recalibration, with a significant revenue and profit recovery in FY2026 after a sharp decline in FY2025, driven by strong demand in the defense and security sector.</li>
 <li>A key challenge and opportunity will be managing the transition to new leadership following the passing of its long-tenured CEO, while continuing its strategy of complementing organic growth with strategic acquisitions.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Solid State is a specialized, value-added electronics supplier with a strong focus on high-reliability sectors like defense and industrial, which offer long-term visibility and demand resilience.
  The company is navigating a period of financial recalibration, with a significant revenue and profit recovery in FY2026 after a sharp decline in FY2025, driven by strong demand in the defense and security sector.
  A key challenge and opportunity will be managing the transition to new leadership following the passing of its long-tenured CEO, while continuing its strategy of complementing organic growth with strategic acquisitions.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Solid State’s interim results were always going to show a substantial uplift, given the contribution from the previously delayed defence communications order during the period. Looking through this, the company’s foundations for sustaining growth in the medium to long term also look more solid. The company’s order book, at £87.3m, is healthy and has subsequently been strengthened by recent contract awards. Growth investments and consolidation in Systems and Power should support growth and improve resilience. The company looks well-placed to at least meet FY26 estimates and deliver robust performance thereafter.

Solid State’s interim results were always going to show a substantial uplift, given the contribution from the previously delayed defence communications order during the period. Looking through this, the company’s foundations for sustaining growth in the medium to long term also look more solid. The company’s order book, at £87.3m, is healthy and has subsequently been strengthened by recent contract awards. Growth investments and consolidation in Systems and Power should support growth and improve resilience. The company looks well-placed to at least meet FY26 estimates and deliver robust performance thereafter.

Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

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<li>Towards the end of last month this energy storage innovator closed a placing, subscription, and WRAP Retail Offer raising £10.5m which was supported by Directors and mangers for a combined £0.23m.</li>
<li>This included a subscription from Dr Graham Cooley who joined as a Non-Executive Director earlier this year and was previously Business Development Manager at National Power plc.</li>
<li>Energy storage is a critical component in clean energy transition, and the LiS technology could be game changing Gelion's comprehensive Li-S IP portfolio includes over 200 patents and patent applications across 44 families, covering anode, cathode, electrolyte, battery design and manufacturing, and battery management ensuring end-toend protection across the entire Li-S battery value chain. </li>
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Towards the end of last month this energy storage innovator closed a placing, subscription, and WRAP Retail Offer raising £10.5m which was supported by Directors and mangers for a combined £0.23m.
This included a subscription from Dr Graham Cooley who joined as a Non-Executive Director earlier this year and was previously Business Development Manager at National Power plc.
Energy storage is a critical component in clean energy transition, and the LiS technology could be game changing Gelion's comprehensive Li-S IP portfolio includes over 200 patents and patent applications across 44 families, covering anode, cathode, electrolyte, battery design and manufacturing, and battery management ensuring end-toend protection across the entire Li-S battery value chain. 


Solid State has announced an encouraging first half assisted by its exposure to defence, while also benefiting from delayed sales from the previous financial year. With expected first half profit equivalent to 66% of full year consensus, along with recent contract awards announced, the group is well positioned to deliver on FY26 market expectations and further growth to meet management’s longer-term targets.

Solid State has announced an encouraging first half assisted by its exposure to defence, while also benefiting from delayed sales from the previous financial year. With expected first half profit equivalent to 66% of full year consensus, along with recent contract awards announced, the group is well positioned to deliver on FY26 market expectations and further growth to meet management’s longer-term targets.

Solid State — H1 update supports full year expectations

Fundamental Analyses, Contrarian Cashflows

Contrarian Cashflows

Fundamental Analyses

The purpose of Contrarian Cashflows is to document my investment research and share it with everyone who is interested in value investing. My long term aspiration for Contrarian Cashflows is to become a platform for professional investors and serious amateurs where they can get inspiration and discuss investing-related topics.
I plan to publish one company deep dive per month that is guided by my investment approach. All information I use for my write-ups is publicly available and most of the time directly sourced from public filings issued by the respective companies. To guarantee maximum transparency, for every post I provide a list of all used sources in the resources section.
Contrarian Cashflows is built around the principles of respect, honesty, open-mindedness and a touch of humour. Please consider these principles in any engagement interaction with me, other readers and the content on this blog. Misbehaviour is not tolerated.
If you want to reach out to me directly, the best way is via LinkedIn, Twitter or email. You can find the details at my homepage contrariancashflows.com

Thematic (Sector/Industry)

<ul><li>Welcome to my last portfolio update! Yes, you read that right! In the coming weeks, I’ll be announcing why I stop publicly sharing the details of my investments.</li><li>But don’t worry—there’s even more exciting news ahead!</li><li>I’ve made the decision to leave my current job by the end of this year to dedicate 100% of my time to stock picking. This shift also means I’ll be expanding the offerings on Contrarian Cashflows to deliver even greater value to you. Stay tuned for more details soon!</li></ul>

Welcome to my last portfolio update! Yes, you read that right! In the coming weeks, I’ll be announcing why I stop publicly sharing the details of my investments.But don’t worry—there’s even more exciting news ahead!I’ve made the decision to leave my current job by the end of this year to dedicate 100% of my time to stock picking. This shift also means I’ll be expanding the offerings on Contrarian Cashflows to deliver even greater value to you. Stay tuned for more details soon!

United Kingdom

Solid State plc is a value-added electronics group supplying durable components, assemblies, and manufactured systems to commercial, industrial, and defense markets for critical and harsh applications. The company specializes in industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components. Headquartered in Redditch, UK, the company was founded in 1971.

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Solid State (SOLI LN)

Primer: Solid State (SOLI LN) - Aug 2026

Solid State is a specialized, value-added electronics supplier with a strong focus on high-reliability sectors like defense and industrial,...

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Solid State’s interim results were always going to show a substantial uplift, given the contribution from the previously delayed defence...

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Towards the end of last month this energy storage innovator closed a placing, subscription, and WRAP Retail Offer raising £10.5m which was...

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Solid State has announced an encouraging first half assisted by its exposure to defence, while also benefiting from delayed sales from the previous...

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