London · Delayed Price · Currency is GBP · Price in GBX Xaar plc Earnings Call Transcripts
Fiscal Year 2025
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Revenue rose 12% year-on-year, led by 22% growth in Printhead and strong 3D printing demand. Gross margin improved by 300bps, and new investments in China and R&D support future growth. Ceramics stabilized, with recovery expected post-2027.
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Revenue grew 7% to GBP 27.2 million, led by printhead division and rapid jewellery wax market adoption. Printhead new business revenue nearly doubled, while EPS and MagnaJet faced headwinds from tariffs and market uncertainty. Outlook remains positive with strong liquidity and ongoing R&D investment.
Fiscal Year 2024
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Revenue fell 13% year-over-year to £61.4m due to ceramics market decline, but new printhead business grew 23% and strategic diversification is driving future growth. Strong cash position and new market opportunities in EV battery, automotive, and 3D printing underpin a positive medium-term outlook.
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Revenue declined 17% year-over-year to £28.6m due to ceramics market weakness, but new markets grew 26% and the OEM pipeline remains strong. Operational efficiencies and a robust net cash position support optimism for future growth, with 15 OEM launches expected in 2024.