REG - Titon Holdings PLC - Full Year Trading Update

Titon HoldingsAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251017:nRSQ7286Da&default-theme=true

RNS Number : 7286D  Titon Holdings PLC  17 October 2025

LEI: 213800ZHXS8G27RM1D97

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of the Market Abuse Regulation (EU) No.596/2014, which forms
part of UK law by virtue of the European Union (Withdrawal) Act 2018.

17 October 2025

 

Titon Holdings Plc

 

Full Year Trading Update

Notice of Final Results and Investor Presentation

 

Continued operational improvement; FY25 results in line with the Board's
expectations

 

Titon Holdings Plc ("Titon" or the "Group") is pleased to provide the
following unaudited trading update on the Group's performance for the year to
30 September 2025 ("FY25").

Highlights

·    Group revenue up 2.1% to £15.8m

o  Mechanical ventilation systems revenue up 19.4% on the prior year, driven
by strong UK growth of 26.8%

o  Window and door hardware revenue down 13.3%, but improvement actions
underway, positioning the business unit for a return to growth in FY26

·    Continued improvement in gross profit margins in H2 across both
business units

·    Underlying(1) EBITDA(2) and loss before tax for FY25 expected to be
reported in line with the Board's expectations

·    Reported FY25 profit before tax will reflect the sale of previously
written down slow-moving stock, which provided a one-off benefit to the year's
results(1).

·    Cash of £3.5m at the period end, with no debt; revised factory
property valuation of £5.8m

·    The Board is cautiously optimistic for FY26, underpinned by an
improved pipeline

FY25 trading

The Group has delivered a year of growth, operational improvement, gross
margin enhancement and strategic progress. Overall Group revenue increased by
2.1% to £15.8m (FY24: £15.5m). While the business faced higher National
Insurance and minimum wage costs, improvements in gross margin and tight cost
control has resulted in the underlying result for the year achieving
expectations.

The mechanical ventilation systems business continued to perform strongly,
with revenue rising 19.4% to £8.6m (FY24: £7.2m). The strategic focus on the
UK ventilation market proved successful, delivering a 26.8% increase in
revenue, the highest sales in this segment to date.

The window and door hardware business saw revenue decline 13.3% in FY25, to
£7.2m (FY24: £8.3m), due to the previously reported weaker demand conditions
and poor sales execution. During the year, sales operations were reorganised
and strengthened, including the hire of a new Sales Director, and improvements
were made to customer service. These changes, alongside an improved pipeline,
have positioned this business unit for a return to growth in FY26.

Building on the margin improvement initiatives and higher-margin product and
market focus reported in the Group's H1 FY25 results, both business units
delivered meaningful improvements in gross margins compared with the prior
year.

Healthy balance sheet

The Group continues to maintain a healthy balance sheet with no indebtedness
and Group cash at 30 September 2025 was £3.5m. In September, the Group
received a revised valuation of its property assets of £5.8m (2022 valuation:
£5.4m), with a c.15% estimated valuation improvement if the property is
valued in parts. This compares to the accounting carrying value on the Group's
balance sheet of £1.6m.

 

Chief Executive, Tom Carpenter commented:

"We are pleased with the progress made in our mechanical ventilation systems
business unit over the year. While our window and door hardware business unit
declined, we have a clear plan to return it to growth and are already
implementing the necessary actions.

Throughout the year we have continued to build a more responsive and dynamic
culture across the Group, which will remain a focus going forward.

Looking ahead to FY26, the Board remains cautiously optimistic despite ongoing
market headwinds. We recognise that the wider construction market is unlikely
to offer much support, so our focus is firmly on creating our own success
through market share gains. Our mechanical ventilation business continues to
benefit from product development and efficiency improvements, driving steady
order volumes and margin enhancement, while the remedial actions in window and
door hardware should begin to deliver a return to growth.

We remain vigilant to cost pressures (including labour, materials and energy)
as well as the wider macroeconomic environment, both of which have the
potential to influence demand and margins.

Finally, I would like to thank all our employees on behalf of the Board for
their efforts and support over the last twelve months."

 

Notes

(1) Subject to audit, underlying EBITDA and underlying loss before tax exclude
profits generated from the one-off sale of slow-moving stock previously
written down in the year to 30 September 2024.

(2) Underlying EBITDA and underlying loss are non IFRS measures that the Board
use to measure underlying performance, excluding exceptional items.

 

Notice of Results and Investor Presentation

Titon Holdings Plc announces that it will release its Final Results for FY25
on 15 January 2026.

Following the release, Tom Carpenter and Carolyn Isom will host a live
presentation via the Investor Meet Company platform at 10:00 GMT on the same
day.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via the Investor Meet Company dashboard up until 14
January 2026, 09:00 GMT, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Titon
Holdings Plc via:

https://www.investormeetcompany.com/titon-holdings-plc/register-investor
(https://url.avanan.click/v2/r02/___https:/www.investormeetcompany.com/titon-holdings-plc/register-investor___.YXAxZTpzaG9yZWNhcDphOm86OWQyNGYyMTI1Mzg2ZmVkYzdkM2U0NjMwNzM1MDlkZWY6Nzo1MzMyOjNjYzUzZWQ0YTM4MmZiZTljOGNmZGVkY2M4ODEyZGQ4OWFkYTJlNmY0MGVmZmU2MjYxNjZjOTU1MjRiZDMzNGE6cDpGOk4)

Investors who already follow Titon Holdings Plc on the Investor Meet Company
platform will automatically be invited.

 

 Titon Holdings Plc

 Tom Carpenter                                 Tel: +44 (0)1206 713 800

 Carolyn Isom

 Shore Capital (Nominated Adviser and Broker)  Tel: +44 (0)20 7408 4090

 Daniel Bush

 Tom Knibbs

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTPKABQPBDDBKD



            Copyright 2019 Regulatory News Service, all rights reserved