Kromek 'in good health to grow' amid record revenue

A technology firm behind apparatus helping diagnose illness says it is in a healthy position to grow after chalking up record revenues.

Kromek Group saw annual income rise more than £500,000 to a best-ever £27.1 million in the year to April 30. 

Bosses say the uptick was driven by continued demand for its apparatus that is used to detect health issues and help security forces foil terror plots.

Underlying revenues across its advanced imaging division – known for technology deployed in scanners to help diagnose conditions such as Alzheimer’s and osteoporosis – grew 76 per cent to £6.7 million.

Revenue across its chemical, biological, radiological and nuclear sector division – where Kromek Group supplies handheld radiation equipment to global security forces – was 17 per cent better off at £7.3 million, with officials hailing a £829,000 pre-tax profit swing from a previous £3.8 million loss.

Pre-tax profit at the firm – headquartered at NETPark, in Sedgefield, County Durham – stood at £2.5 million, which bosses say, although down on the £3.1 million recorded in the 2025 year, was “slightly ahead of expectations”.

Dr Arnab Basu, chief executive at Kromek Group, which also operates a Huddersfield research and development base, said the company’s progress leaves it “looking forward to the year ahead with confidence”.

He said: “We delivered record reported revenue, reflecting increased delivery on long-term customer programmes, new order wins and the continued expansion of our international distributor network.

“We enter the 2027 financial year with positive momentum, supported by a healthy order book, an encouraging commercial pipeline and strong engagement with customers across both divisions.”

Dr Basu added the business had benefited from enduring demand across its advanced imaging division, which was previously bolstered by a Siemens Healthineers deal and is now working with Newcastle Hospitals, Newcastle University and University College London on tests to improve breast cancer detection.

Its chemical, biological, radiological and nuclear arm also secured a £1.7 million Government deal to supply wearable radiation detectors to police, border force and emergency services personnel, and picked up £860,000 security agreements with the Ministry of Defence and a US federal agency.

The firm has further bases in Pennsylvania and California.

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