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Tekmar narrows losses as it reports record level of work

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The offshore specialist is confident of further growth despite events in the Middle East having disrupted some projects

Tekmar has announced new contracts

Tekmar reported gains in the six months to the end of March, 2026.(Image: Tekmar)

Offshore engineering group Tekmar has increased revenue and narrowed losses amid a record level of work.

The County Durham-based cable protection specialist issued unaudited interim results which show a 31% rise in revenue to £16.2m across the six months to the end of March, as operating losses fell from £2.3m in the first half of 2025 to £877,000. Losses after tax in the same period was £1.1m, compared with £2.7m.

Bosses at the Newton Aycliffe firm said there had been higher orders during the half year with a current book of £30.1m set to help second half revenue and profits. And while they warned of uncertainty in the market caused by conflict in the Middle East, Tekmar told investors that trading momentum was expected to continue and lead to improved full year 2026 numbers.

CEO Richard Turner said: “The business performed well in the first half of this year, delivering a material improvement in year-on-year profitability consistent with our guidance. We are encouraged by the continued progress we are making in delivering on the Project Aurora strategic plan.

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“The reorganisation and refocus of the ‘front end’ of our business combined with improved commercial effectiveness has enabled the group to operate with a record level of work, increased utilisation, improved visibility and a stronger balance sheet. The ongoing impact of events in the Middle East has had some disruption to projects and supply chain in the region.

“Despite this, the board anticipates strong revenue and profit delivery in the second half as we continue to build our improved revenue visibility into FY27. This momentum, together with the healthy pipeline we see ahead of us, supports our confidence in delivering sustained, profitable growth and enhanced value for shareholders.”

Growth came across Tekmar’s asset protection technology and offshore energy services divisions with revenue rises of 30% and 52% respectively. Gains in offshore energy services were below managers’ expectations given low revenue in 2025 with war in the Middle East said to have exacerbated delays to project starts.

Tekmar has been carrying out a transformation plan – Project Aurora – since its 2025 financial year. That plan is intended to create a larger and more diversified business, with the recent growth in orders pointed to as success.

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In the last year, work worth more than £20m has come from three European offshore wind projects which will deliver a bulk of revenue beyond the 2026 financial year. Directors also pointed to “high quality” oil and gas projects secured over the last year and encouraging progress in marine infrastructure revenues including two important contracts secured in the first half supporting ports and harbour infrastructure projects.

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Czechia and South Africa Face Elimination in World Cup Group A Clash at Mercedes-Benz Stadium

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Alphonso Davies

ATLANTA — With World Cup elimination looming over Mercedes-Benz Stadium, Czechia and South Africa collided Thursday in what amounts to a must-win Group A fixture for both nations, their respective opening-round defeats having stripped away any margin for error just one week into the 2026 FIFA World Cup.

Seven days into the 2026 FIFA World Cup and both Czechia and South Africa already find themselves staring down elimination. Neither side picked up a single point on Matchday 1, and with Mexico moving clear at the top of Group A and South Korea sitting second after their 2-1 victory over the Czechs, Thursday’s clash at Mercedes-Benz Stadium in Atlanta has become, bluntly, a knockout match in the group stage.

Given the format of the tournament, where eight of 12 teams that finish third will also qualify for the knockouts, this game offers hope for both teams. But the mathematics are unforgiving. Whoever loses here faces near-certain elimination before the final matchday even arrives.

How Both Teams Got Here

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The circumstances surrounding each team’s opening defeat make their meeting all the more charged. For Czechia, the loss to South Korea on June 11 was one of bitter self-destruction after a promising start. The Czech Republic went in front in the 59th minute with a header from captain Ladislav Krejčí to the right of the net from six yards out after a long throw-in from Vladimir Coufal. That lead lasted barely eight minutes. It was 1-1 in the 67th minute when Hwang In-beom received the ball from Lee Kang-in before turning back onto his right foot and scooping the ball over the advancing Czech goalkeeper Matěj Kovář into the right of the net. In the 80th minute, Hwang In-beom crossed low from the right and Oh Hyeon-gyu finished from six yards out to put South Korea 2-1 in front.

A Tomas Soucek effort was additionally ruled out for offside, and goalkeeper Kim Seung-gyu produced a stunning late save to deny Michal Sadilek from point-blank range. Czechia had their chances. They squandered them.

South Africa’s story was even more calamitous. Mexico went in front in the 9th minute when Julián Quiñones scored with a low right-footed finish through the legs of South African goalkeeper Ronwen Williams from just inside the penalty area after Sphephelo Sithole was caught in possession on the edge of the penalty area by Erik Lira. Four minutes into the second half, South Africa’s Sphephelo Sithole was sent off after fouling Mexico’s Brian Gutiérrez when he was going through on goal.

The chaos did not end there. In the 73rd minute, South African substitute Themba Zwane was sent off for a slap in the face of Mexican forward Roberto Alvarado. The Bafana Bafana were reduced to nine men and ultimately fell 2-0, their performance so devoid of attacking intent that it generated a national debate back home about their tactics and leadership.

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The Suspensions That Could Define the Match

South Africa’s disciplinary catastrophe against Mexico carries direct consequences for Thursday’s contest. Czechia’s chances are boosted by South Africa being without Yaya Sithole and Themba Zwane, who were both shown red cards as they lost 2-0 to co-hosts Mexico in the opening game of the tournament.

The mood in the Bafana Bafana camp ahead of this fixture is uncomfortable, and that is putting it mildly. The 2-0 defeat to Mexico was damaging enough as a result. The manner of it — three red cards across the match, a formation that surprised even the team’s closest observers, and a performance that left the country’s most respected football voices shaking their heads — has created a pressure cooker heading into Atlanta.

Coach Hugo Broos, who faced heavy criticism for deploying a defensive 5-4-1 formation against Mexico that yielded next to nothing offensively, is expected to make significant changes. Thalente Mbatha could replace Sithole in the center of the field, while Broos could turn to a 4-3-3 system, with Oswin Appollis and Relebohile Mofokeng coming into the XI on the wings.

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The Tactical Battle

Czechia enter the match as the higher-ranked side and, statistically, the unluckier team from Matchday 1. Czechia’s qualification story, built on nerve, late drama, and belief, suggests a group capable of responding positively under pressure. The 74-year-old Koubek, who became the oldest manager at a World Cup upon his appointment in December 2025, guided this side through two play-off shoot-outs to reach their first finals since 2006, surviving against Republic of Ireland and then Denmark in an extraordinary penalty sequence that saw goalkeeper Matej Kovar save a decisive spot-kick.

For 66 minutes in their World Cup opener against South Korea, Czechia’s strategy was perfect, as Krejčí scored the opening goal from Coufal’s throw-in. The limitations of this style of play came to the fore in the next 14 minutes as South Korea scored twice as Czechia faded.

Patrik Schick will be his side’s main attacking threat in the final third, the Bayer Leverkusen striker having scored six goals at his previous two major tournaments. Tomáš Souček, who scored an offside goal against South Korea, will also provide offensive support from deliveries.

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A Historic Managerial Footnote

Beyond the stakes of the match itself, Thursday’s fixture carries an unusual historical footnote. In Czechia’s Miroslav Koubek, aged 74 years and 290 days, and South Africa’s Hugo Broos, aged 74 years and 69 days, this will be the first match in World Cup history to see both head coaches aged over 70. Two veterans of European football, separated by weeks in age, now find their late-career legacies defined by what happens in Atlanta.

The Group A Picture

South Africa only have a 24.9% chance of making it through to the knockout rounds according to the Opta supercomputer, and a positive result against Czechia will be key to keeping that possibility alive.

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Czechia and South Africa have only met once before, in a 2-2 draw at the Confederations Cup in 1997. South Africa’s most recent match against European opposition at the World Cup was a memorable 2-1 victory over France that dumped Les Bleus out of the 2010 World Cup.

The final matchday in Group A will see Czechia take on Mexico in Mexico City and South Africa face South Korea in Monterrey, both on June 24. For either team to reach that round with genuine hope of advancement, three points from Thursday’s clash at Mercedes-Benz Stadium is the minimum requirement.

The match is being televised on FOX in the United States, with kickoff scheduled for noon Eastern Time.

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Analysis-US-Iran deal redraws the Middle East: Iran gains, rivals alarmed

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Switzerland and Bosnia-Herzegovina Share Points Again as World Cup Group B Remains Wide Open

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Murat Yakin

INGLEWOOD, California — For the second time in six days, Switzerland surrendered a win they should have had. For the second time in six days, Bosnia-Herzegovina came away from a World Cup match with a point they will gladly take.

A 1-1 draw at SoFi Stadium on Thursday afternoon left Group B exactly as murky as it was before kickoff, with all four sides — Switzerland, Bosnia-Herzegovina, Canada, and Qatar — now holding two points apiece heading into the decisive final round of fixtures. The result extended Bosnia-Herzegovina’s remarkable unbeaten run and deepened the frustration that is fast becoming the defining characteristic of Murat Yakin’s Swiss side at this tournament.

Switzerland finished the match with 27 shots to Bosnia-Herzegovina’s eight, an overwhelming statistical dominance that translated into precisely one goal — a familiar story for a team that had already tormented itself against Qatar with 26 attempts and just one converted chance.

How the Match Unfolded

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Switzerland’s inability to convert pressure into goals has become the central tension of their tournament. Murat Yakin’s side completely dominated tempo and territory against Qatar in their opener, racking up 26 attempts and 10 shots on target before conceding a 94th-minute own goal that cost them the win. Against Bosnia-Herzegovina at SoFi, the pattern repeated itself in the most deflating fashion possible.

Bosnia-Herzegovina arrived in Los Angeles as a side built on shape, discipline, and the ability to absorb punishment. They took the lead through a header from Jovo Lukic in their opener against Canada and conceded late in the second half to Cyle Larin, a result that left them with a point but also exposed their vulnerability in the final stages of matches.

Bosnia’s last four competitive games have all ended 1-1, and Thursday’s result made it five consecutive draws — a statistical quirk that speaks to both the resilience and the ceiling of Sergej Barbarez’s side. They can hold. They struggle to win.

Switzerland’s Clinical Problem

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Switzerland were underwhelming in their opener but, in a stadium in which the heat would not be a factor, Yakin’s side were expected to have enough to register a win that essentially sealed their place in the knockouts. That expectation made the result all the more damaging to process in the Swiss camp.

Switzerland found the net just once from 26 shots against Qatar, with Breel Embolo’s goal coming from the penalty spot. Embolo, who enters every tournament as one of Europe’s most physically imposing strikers and has scored in four of his last six games for Switzerland and carries 24 international goals from 86 caps, is the focal point of Yakin’s attack — and the man Switzerland most need to find form at the right moments.

Yakin’s primary challenge was to address his wide overloads and move the ball with much higher vertical velocity, utilising the explosive pace of Dan Ndoye and Noah Okafor to stretch the Bosnian backline and create high-value cutbacks for Embolo. Whether that plan was executed effectively against a disciplined Bosnian defensive block remained Switzerland’s central problem throughout the match.

Bosnia-Herzegovina’s Defensive Blueprint

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Sergej Barbarez’s disciplined defensive framework was highly effective in frustrating Canada in Toronto, but Matchday 2 demanded a sharp recalibration in transition. While Bosnia’s rigid low-block structure successfully limited open-play opportunities for long stretches in their opener, the team naturally fatigued late in the second half, ultimately conceding a 77th-minute equaliser to Cyle Larin.

The Zmajevi came to SoFi with a significant injury concern unresolved. Sead Kolasinac’s availability was a question mark after he limped off in the draw with Canada. Nidal Celik missed the rest of the tournament with an injury sustained in training and has been replaced in the squad by Arjan Malic of Sturm Graz.

Bosnia and Herzegovina arrived at their second-ever World Cup after a 12-year absence, and coach Sergej Barbarez has built a side that is hard to beat rather than one that overwhelms opponents. Their qualifying campaign delivered five wins and four draws, a record that reflects their tactical identity — a team that competes intelligently but rarely imposes itself on the scoreline with authority.

The Group B Picture

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The result leaves Group B in a state of perfect equilibrium with one matchday remaining, setting up a decisive final round that could send any of the four teams through or eliminate any of them. With all four Group B sides deadlocked on one point after Matchday 1, the draw was effectively a four-way contest for two knockout places and every result carried maximum weight. Now, with all four sides on two points, that remains equally true.

Switzerland have reached the knockout rounds in each of the last three World Cups, though they have never gone beyond the last 16. The Swiss are the most experienced side in the group and the most expected to advance — but back-to-back draws against Qatar and Bosnia-Herzegovina have left them in precisely the same position as everyone else.

Before the tournament, if you had given Barbarez a draw against Switzerland, he would have probably taken it, given how the Swiss seemed the strongest team in this group on paper. However, after two 1-1 draws in the first group games, all possibilities remain wide open.

What Comes Next

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The final round of Group B matches will pit Switzerland against Canada and Bosnia-Herzegovina against Qatar — simultaneous kickoffs that will determine which two nations advance to the Round of 32 of the expanded 48-team tournament. Switzerland have no margin for error. Their final group game with Canada cannot be a must-win scenario they can afford to enter lightly.

For Bosnia-Herzegovina, Thursday’s draw extends their extraordinary recent run but leaves them needing a result against Qatar that Barbarez’s side — with their draw-heavy tendencies — may struggle to guarantee. A group built around four entirely winnable matches has become, through collective failure to convert dominance into victory, one of the most unpredictable brackets in the entire tournament.

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M&A activity helps propel tortilla category

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