London · Delayed Price · Currency is GBP · Price in GBX Midwich Group Earnings Call Transcripts
Fiscal Year 2025
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Revenue and profits declined slightly in 2025 amid challenging markets, but strong cash generation, improved leverage, and growth in the UK and new product areas like drones position the business for recovery. Price rises and technology investments are expected to support 2026 performance.
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Revenue and profit declined due to challenging market conditions, but strong cash generation, cost controls, and growth in UK & Ireland provided resilience. Outlook for H2 is positive, with margin improvement and renewed M&A activity expected.
Fiscal Year 2024
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Record revenues and gross margins were achieved, driven by technical product growth and acquisitions, despite significant price erosion and subdued demand in mainstream markets. Strong cash generation and cost controls supported financial stability, with future performance expected to be second-half weighted.
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Revenue grew 8% to a record £466m, with gross margin at 17.3% and strong North American performance. Cost reductions and acquisitions are supporting future growth, and H2 is expected to be stronger as market conditions improve.