CyanConnode expects revenue for the year ended 31 March 2026 to exceed £20 million, subject to audit, giving investors a clear marker of progress as the company advances its smart metering work in India.
The main driver is the Goa project, where installations have now started. CyanConnode has delivered the first meters, software platform and related services, marking the company’s first project as an Advanced Metering Infrastructure Service Provider.
India’s smart meter rollout remains the key backdrop. More than sixty million smart meters have already been installed, and the national programme is aimed at cutting energy theft, reducing losses, improving billing and supporting a smarter electricity grid.
The revenue outlook, the start of Goa installations and India’s continuing smart meter expansion give investors clearer reasons to watch the company, while keeping focus on timing, project execution and cash collection.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
