17 June 2026: Oxford Metrics plc (LSE: OMG), the smart sensing and measurement technology group servicing life sciences, entertainment, engineering and manufacturing markets, announces its unaudited interim results for the six months ended 31 March 2026.

As announced on 16 December 2025, Oxford Metrics changed its accounting reference date from 30 September to 31 December. FY26 is therefore an extended 15-month period running from 1 October 2025 to 31 December 2026 (FY26). These interim results cover the first six months of FY26 and are reported against the equivalent prior-year period. The Group expects to publish further unaudited interim accounts for the 12-month period ending 30 September 2026 by no later than 31 December 2026.

Commenting on the results, Imogen O’Connor, Chief Executive Officer, said: “The first six months of FY26 showed further progress for Oxford Metrics, with revenue growth, improved Adjusted EBIT and continued strategic progress across the Group.

Motion Capture delivered a good performance, supported by significant international contract wins and encouraging demand across priority markets. In Vision Metrology, revenue was lower due to the timing of certain customer projects now expected to be confirmed later in FY26, but underlying demand remains encouraging and the unification of Sempre and IVS gives the division a stronger platform for growth. 

With a strong balance sheet, a clearer operating structure, continued focus on aligning the cost base and favourable market drivers, Oxford Metrics is well placed for the balance of FY26 and beyond.

Today, we are also pleased to present our refined strategy, disciplined capital allocation approach and medium-term ambitions for the Group’s next phase of development. These results provide a solid foundation for that plan.”

^¹ FY25 represents the 12-month period ended 30 September 2025 and is included for reference only.

² For reference only, Revenue for the comparative 15-month period from 1 October 2024 to 31 December 2025 was £52.2m.  

*Adjusted EBIT is earnings before interest and tax, adjusted for share-based payment charges, amortisation of acquired intangibles, costs and impairments relating to the closure of IMU New Zealand, restructuring including lease exit costs to optimise office premises, acquisition-related costs and other items considered non-underlying. 

**Adjusted basic EPS is calculated using profit after tax adjusted for share-based payment charges, amortisation of acquired intangibles, costs and impairments relating to the closure of IMU New Zealand, restructuring including lease exit costs to optimise office premises, acquisition-related costs and other items considered non-underlying. 

Financial highlights

• Revenue increased by 3% to £20.7m:
  • Motion Capture revenue increased by 10% to £16.3m, compared with £14.8m in the prior-year period, supported by good growth in Entertainment and Engineering and significant international contract wins.
  • Vision Metrology revenue was £4.4m, compared with £5.3m in the prior-year period, reflecting the timing of certain customer projects now expected to be confirmed later in FY26.  The integration of IVS and Sempre combining the trade and assets of the entities to create Industrial Vision and Metrology Systems Ltd (IVMS) was completed during the period, positioning the division to deliver its growth strategy. 
• Gross margin increased to 66.0%, (prior-year period in FY25: 65.5%) reflecting the stronger mix of revenue from Motion Capture and continued cost discipline.
• Adjusted EBIT* improved to a loss of £0.2m compared with a loss of £0.4m in the prior-year period, reflecting higher revenue, robust gross margin and continued cost control.
• Cash and fixed-term deposits of £31.7m, after payment of the final dividend of £3.7m and share buybacks of £1.3m during the period. 

Strategic Highlights

• Significant Motion Capture contract wins secured across priority international markets, including Eastern Europe, Japan and India.
• Markerless Motion Capture pipeline remains encouraging, with planned FY26 product updates focused on broadening use cases and improving conversion.
• Strengthened divisional management teams in both Motion Capture and Vision Metrology, supporting clearer operational accountability and execution.
• Sempre and IVS unified as Industrial Vision and Metrology Systems Limited (IVMS), creating a more integrated platform for growth.
• The former Smart Manufacturing division is now reporting as Vision Metrology going forwards, reflecting its focus on high-precision vision inspection, metrology and automated measurement solutions.
• The Group commenced the optimisation of its property footprint, including the planned early exit from one UK office, which, in addition to other cost optimisation actions, has supported annualised savings of approximately £0.8m.

Outlook and Strategy Update 

• Management’s expectations for FY26 remain unchanged, with revenue for the 15-month period expected to be approximately £56m, noting the delayed timing of an IVMS customer project, which is now expected to move a small portion of revenue previously expected in the period to 30 September 2026 into the three months to 31 December 2026.   
• Motion Capture pipeline opportunities remain supportive for the remainder of FY26, while Vision Metrology has good visibility from its forward pipeline.
• To build on actions to date and accelerate longer-term margin expansion in line with the Group’s strategy, management has identified further cost optimisation opportunities, expected to deliver annualised savings of approximately £1.0-1.6m from FY27 with further targeted savings planned for the medium term.
• The Group is rebalancing its approach to capital allocation, prioritising investment in strategic growth opportunities while maintaining balance sheet strength and flexibility for selective bolt-on and opportunistic M&A, with dividends paid as a percentage of free cash flow and selective share buybacks where appropriate.
• The Group is focused on scaling the business, increasing recurring and repeatable revenue and supporting stronger margins over time, with medium-term ambitions of:

• Doubling Group revenue through a mix of organic and inorganic activities  
• Increasing recurring and repeatable revenue to c.25% of Group revenue
• Increasing Adjusted EBIT* margin to mid-teens

Results Presentation & Investor Event

• A recorded management presentation reviewing the Group’s interim results will be made available on the website later today
• Separately and further to its announcement on 2 June 2026, the Group confirms that it will today host an investor event from 2.30pm to 4.30pm.
• The event will be hosted by Imogen O'Connor, Chief Executive Officer, and Zoe Fox, Chief Financial Officer, who will be joined by senior leaders from across the Group.
• The event will provide further background on the Group’s refined strategy and three-year framework, focused on scaling the business, increasing recurring and repeatable revenue and supporting stronger margins over time. The event will also set out how the Group intends to deliver these medium term ambitions, including the strategic plans for its Motion Capture and Vision Metrology divisions and the Board’s updated approach to capital allocation.
• No new material financial or trading information will be disclosed during the event beyond the information contained in this announcement.
• Existing and prospective investors can join the live webcast via the IMC platform and register at: https://www.investormeetcompany.com/oxford-metrics-plc/register-investor
• A recording of the investor event will be made available on the Group’s website following the event.

Contact us.