REG - Luceco PLC - 2025 Full Year Trading Update

LucecoAnnouncement

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RNS Number : 8109Q  Luceco PLC  29 January 2026

29 January 2026

 

LUCECO PLC

 

2025 FULL YEAR TRADING UPDATE

 

 

 Strong performance in 2025 delivers results ahead of market expectations

 Momentum continues into 2026

 

Luceco plc ("Luceco" or the "Group"), the leading designer and manufacturer of
residential and commercial electrification products and systems, is pleased to
provide the following update for the year ended 31 December 2025 ("2025" or
the "Year").

 

Full year performance to exceed previously upgraded expectations(1)

·    2025 revenue of c.£271m, up 12% (2024: £242.5m)

o Second half like-for-like revenue growth of over 6%, representing an
acceleration over the 2% like-for-like revenue growth in the first half

o EV charging sales up c.85% in the year to c.£18m (2024: £9.8m)

o Continued solid performance in wiring accessories and LED delivering low
single digit percentage growth

·    Adjusted Operating Profit expected to be at least £33.5m,
representing an increase of approximately 15% over the prior year (2024:
£29.0m), and ahead of the top end of market expectations(1)

·    Further progress in expanding Adjusted Operating Profit Margins, now
expected to exceed 12% (2024: 12.0%)

 

Acceleration through H2 creates momentum into 2026 and an improved outlook

·    Strong sales momentum entering 2026 and increasingly significant
exposure to structural growth in the energy transition sector underpins
outlook

·    Manufacturing efficiency improvements and synergies from acquisitions
support strengthening margin profile

o  CMD production synergies beginning to flow into inventory

o  Consultation commenced over consolidation of D-Line UK facility

·    The Board is increasing its revenue and Adjusted Operating Profit
expectations for 2026 to comfortably exceed current market consensus(1)

 

Strong cash flow and balance sheet positions the Group for further investment
in growth

·    Adjusted Free Cash Flow generation in 2025 of c.£30m, reversing the
working capital outflow seen in 2024

·    Bank Net Debt at year end of c.£53m (2024: £68.6m), reducing Bank
Net Debt:EBITDA leverage ratio to c.1.3x (2024: 1.6x), comfortably within the
Group's target leverage range of 1-2x

·    Strong balance sheet and cash generation provides optionality for
further investment in organic growth initiatives and bolt-on M&A, in line
with the Group's capital allocation policy

 

Commenting, Chief Executive Officer, John Hornby said:

"2025 has been another year of strong growth and this performance is
underpinned by our sustainable competitive advantages of superior channel
access, agile product innovation capabilities, vertically integrated
manufacturing and ability to deliver earnings enhancing M&A.

 

"We are well positioned to deliver another year of profitable growth in 2026
and beyond, through our established categories and our rapidly growing
exposure to the energy transition."

 

 

(1) Company-compiled analyst consensus for Adjusted Operating Profit as at 28
January 2026: 2025 £31.9m, with a range of £31.5m - £32.5m; 2026 £33.3m,
with a range of £32.4m - £35.1m.

 

 Luceco plc                            Contact
 John Hornby, Chief Executive Officer  (Via Sodali & Co)
 Will Hoy, Chief Financial Officer

 Sodali & Co                           Contact
 James White                           078 5543 2699 / 079 3535 1934

 Pete Lambie

 Tilly Abraham

 

 

 

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations.

For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is being made on behalf of Luceco plc by
Will Hoy, Chief Financial Officer.

 

Note to Editors

 

Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential
and commercial electrification products and systems. The Group designs and
manufactures its market-leading range of wiring accessories, EV chargers, LED
lighting, and portable power products at its state-of-the-art manufacturing
facilities, distributing them through professional, wholesale and retail
channels.

 

 

For more information, please visit www.lucecoplc.com
(https://protect.checkpoint.com/v2/___http:/www.lucecoplc.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzoxOTNlNDlhMDUwZTAwYWRhZDA4ZTViZjQzYzMyNmM4ODo2OmE4YmU6OTYwMjE1YzE2YzEyY2NkN2UwZWIzYTZmOTk1MWQ1YWE4MDhmYzJjMjk5YWI5MzlmMjM4NjRjZTAxNzlmZWMzMTpwOlQ6Tg)
.

 

Forward-looking statements

 

This announcement contains forward‑looking statements that are subject to
risk factors associated with, among other things, the economic and business
circumstances occurring from time to time in the countries, sectors and
markets in which the Group operates. It is believed that the expectations
reflected in these statements are reasonable, but they may be affected by a
wide range of variables which could cause actual results to differ materially
from those currently anticipated. No assurances can be given that the
forward‑looking statements in this announcement will be realised.

 

The forward‑looking statements reflect the knowledge and information
available at the date of preparation of this announcement and the Company
undertakes no obligation to update these forward‑looking statements. Nothing
in this announcement should be construed as a profit forecast.

 

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