REG - Goodwin PLC - Trading Update

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RNS Number : 8391E  Goodwin PLC  27 October 2025

This announcement contains inside information.

 

GOODWIN PLC

 

October 2025

Trading Update

 

Further to the Trading Update on 24(th) September, and in light of the strong
trading performance across the businesses, the Board considers it appropriate
to update shareholders to expect a material increase in the Group's
profitability, supported across all divisions.

The Board is pleased to report that it expects, with a high degree of
confidence, the trading profit before tax for the financial year ending 30(th)
April 2026 will be in excess of £71 million, representing a 100% increase
compared with the prior year (April 2025 £35.5 million).

The Board remains confident in the Group's ability to continue to grow its
activity and profitability based on the Group's product quality and strong
order book that, as at the time of writing, stands at £365 million, along
with enhanced visibility across multiple key defence and nuclear programmes
that are not yet reflected in the order book.

The Group does not ordinarily provide forward guidance and does not intend to
change this long-standing policy. However, given the high increase in pre-tax
profitability for the year ending April 2026, on this occasion, it was thought
appropriate to do so, as it is correspondingly being matched with a similar
improvement in cash flow.

All divisions contribute to this performance, although it should be noted that
profitability levels and growth trajectories vary across the Group's
businesses.  Furthermore, this improved performance in profitability does not
include contribution from our advanced Polyimide Division which should start
contributing in the next financial year.

Special Interim Dividend

The Board wishes to acknowledge and reward shareholders for their long-term
commitment and support of the Company's prior investment programmes that have
been integral to achieving these outcomes and in laying the foundations for
continued future growth. So, bearing in mind the imminent UK Budget that the
Chancellor is announcing on the 26(th) November, the Board of Goodwin PLC has
declared a special one-off interim dividend of 532 pence per share in addition
to the dividend paid earlier this month of 140 pence and the declared dividend
to be paid on or around the 10(th) April 2026 of 140 pence.

As the Group approaches a zero net debt position, its strong cash generation,
limited non-customer-funded capital expenditure and a resilient balance sheet
have placed it in a position of financial strength, with surplus funds
exceeding those needed for optimal efficiency.

Following payment of the special interim dividend, the Group will continue to
have low gearing relative to its peers. The Board remains confident in the
Group's ongoing profitability and cash generation, which will support the
growth of its existing businesses while also enabling investment in attractive
opportunities as they arise.

The special interim dividend will be paid on or around 21(st) November 2025 to
shareholders on the register at the close of business on 7(th) November 2025
(ex-dividend date 6(th) November 2025; ISIN: GB0003781050; TIDM: GDWN).

 

Board Appointments

 

Goodwin PLC is pleased to announce the appointment to the Board of Adam Deeth
as Finance Director and Anthony Thomas as Director, both with effect from
28(th) October, 2025.

 

Adam Deeth joined the Group in 2022 and since 2023 he has worked as Group
Chief Accountant. Since joining, Adam has demonstrated strong financial
leadership and in-depth understanding of the Group's operations, making him a
valuable addition to the Board.

 

Anthony Thomas joined the Group in 2019 and since 2021 has served as Group
General Counsel. Anthony brings extensive legal and commercial experience from
his previous roles within major engineering organisations.

 

Both Adam and Anthony have been active members of the Group's Executive
Leadership Team, and their appointments further strengthen the Board's
capability and breadth of expertise as the Group continues to progress its
strategic objectives.

 

Any disclosures required under UKLR 6.4.8R in respect of Adam and Anthony will
be notified within 5 business days of their appointment dates.

 

 

T.J.W. Goodwin

Chairman

 

END

LEI: 213800N4T1NMSJ57B322

The person responsible for arranging the release of this announcement is
Timothy John William Goodwin, Chairman.

 

Forward‑looking statements

This announcement includes forward‑looking statements, including with
respect to expected trading performance, cash flow and order book conversion.
By their nature, forward looking statements involve risks, uncertainties or
assumptions that could cause actual results or events to differ materially
from those expressed or implied by those statements. As such, undue reliance
should not be placed on forward looking statements. Except as required by
applicable law or regulation, Goodwin PLC disclaims any obligation or
undertaking to update these statements to reflect events occurring after the
date these statements were published.

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