Surveillance technology specialist Synectics Plc, a supplier to the land-based casino industry, reported an underlying profit before tax of GBP6.1 million (US$8.3 million) for the financial year ending November 30, compared with GBP4.7 million a year earlier.
The company’s client roster encompasses operators in the Asia-Pacific region, including in the Macau and Philippines markets.
The firm’s latest annual report, filed on Tuesday, showed group revenue increased by 22.0 percent year-on-year to GBP68.1 million in the 12 months ended November 30, “reflecting the delivery of a significant non-recurring contract”. That involved a “leading global casino operator in Southeast Asia”, which contributed approximately GBP12 million in revenue during the year.
Synectics added: “The group also secured a five-year extension to its existing contract with the same customer, valued at a minimum of US$4.8 million.”
The U.K.-based surveillance technology supplier did not disclose in its annual report the identity of the client, nor additional details about the contract.
Further “significant casino resort projects” worth around GBP3 million in the Philippines and North America were also delivered in the 2025 financial year, it said.
Last July, Synectics announced that it had been selected to upgrade the surveillance system of a “leading casino operator” in the Philippines. The contract, valued at US$2.5 million, was “secured with a world-class integrated casino resort located in Entertainment City, Manila,” the company said at the time.
In January 2025, the firm announced that it had been awarded a contract worth approximately US$2.2 million for a major gaming resort in Southeast Asia. “Synectics has been working with the customer since 2014, and the contract follows US$13.2 million in contracts awarded, in aggregate, in the 2024 financial year,” it added at the time.
Synectics noted that while its 2025 financial-year performance had “benefitted from the large gaming contract in Asia, opportunities continue to emerge in the gaming sector, particularly in Asia and North America”.
During the year, Synectics entered the U.S. tribal gaming sector, securing a contract with a tribal gaming property in Oklahoma.
Synectics is listed on the London Stock Exchange’s AIM market.
