REG - Trifast PLC - Trading Statement

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RNS Number : 1118E  Trifast PLC  21 October 2025

 

21 October 2025

 

Trifast plc

 

 

Trading update for the six months ended 30 September 2025 and Notice of
Half-year results

 

 

Trifast plc ('Trifast' or the 'Group' or 'Company', LSE: TRI.L), the
international specialist in the design, engineering, manufacture, and
distribution of high-quality engineered fastenings, is today providing a
trading update for the six months ended 30 September 2025 ('H1 FY26' or the
'period') ahead of the publication of its half-year results on 18 November
2025.

 

Trading update

The Group's overall performance in the first half of FY26 has been in line
with the Board's expectations, with continued benefits from operational
improvement initiatives creating resilience amidst a challenging market
backdrop.

 

Revenues in the period declined by approximately 6.4% year-on-year(1), driven
primarily by softer demand caused by tariff disruption, with unprecedented
challenges in the UK Automotive sector, partially offset by growth in Smart
Infrastructure, especially in North America. Encouragingly, underlying gross
margin improved by around 144 basis points to 28.8%, with margin management
being the most significant contributor and underlying EBIT margin improved
from 6.0% in H1 FY25 to 6.3% (CER). Excluding the impact of exchange
movements, which were unusually high because of the weakening of the USD, the
underlying EBIT margin improved from 6.5% in H1 FY25 to 7.1%.

 

We continue to benefit from our self-help actions and consequent cost savings,
including a 10% reduction in non-operating headcount and ongoing benefits from
the successful consolidation of our UK operations into the National
Distribution Centre in the West Midlands.

 

Our financial position remains robust. Pre-IFRS 16 net debt increased modestly
to £17.4m at 30 September 2025 (H1 FY25: £15.4 million) as a result of
planned additional investment in digital and technology strategic projects.
Liquidity remains strong, with over £78.0m of our £120.0m banking facilities
undrawn, and covenant leverage remaining below 1.0x (H1 FY25: 0.95x).

 

Outlook

The Board's current full year expectations remain unchanged despite external
market challenges(2). Our strategic focus continues to be on the self-help
levers within our control, particularly those driving working capital
improvements and margin enhancement.

 

Looking ahead, we remain confident in delivering our medium-term targets,
including achieving an underlying EBIT margin of greater than 10%. This
confidence is underpinned by the substantial groundwork already completed to
make Trifast a more efficient, professional, and data-led organisation.

 

Notice of Half-year results

The Group's Half-year report for the period ended 30 September 2025 is
scheduled to be published on Tuesday, 18 November 2025 via the Regulatory News
Service (RNS). The report will also be available on the Group website at
www.trifast.com (http://www.trifast.com) .

 

An in-person and virtual presentation for analysts and investors will be held
at 10:30 GMT at the offices of Peel Hunt. Please contact
companysecretariat@trifast.com (mailto:companysecretariat@trifast.com) for
details. The presentation and subsequent Q&A session will be webcast via
BRR Media. To register, please follow this link:
https://stream.brrmedia.co.uk/broadcast/68ee263d1c6d3400130c866b
(https://stream.brrmedia.co.uk/broadcast/68ee263d1c6d3400130c866b) . A replay
will be made available on the Trifast plc website.

 

The Company will also be presenting the HY26 results via the Investor Meet
Company platform on 20 November at 14:30 GMT. To register for the event,
please follow this link:
https://www.investormeetcompany.com/trifast-plc/register-investor
(https://www.investormeetcompany.com/trifast-plc/register-investor)

 

 

Notes:

(1) Unless stated otherwise, amounts and comparisons with the prior period are
calculated at constant currency (Constant Exchange Rate (CER)). Where
reference is made to 'underlying' this is defined as being before separately
disclosed items.

(.2) Consensus forecasts for FY26 prior to this announcement were revenue of
£214.0m, underlying EBIT of £16.1m, and underlying PBT of £11.6m.

 

 

 Further enquiries please contact:
 Trifast plc
 Iain Percival, CEO                      Tel: +44 (0) 1825 747630

 Kate Ferguson, CFO                      Email: corporate.enquiries@trifast.com

                                       (mailto:corporate.enquiries@trifast.com)
 Christopher Morgan, Company Secretary

                                         Shareholders: Companysecretariat@trifast.com
                                         (mailto:Companysecretariat@trifast.com)

 Peel Hunt LLP (Stockbroker & financial adviser)
 Mike Bell /Charlotte Sutcliffe          Tel: +44 (0) 20 7418 8900

 

 

Editor's notes

About Trifast plc

In 2023, TR celebrated 50 years of business with a proud heritage of serving
customers with engineered fastening supply chain solutions. Specialising in
the design, engineering, manufacture, and distribution of high-quality
engineered fastenings and Category 'C' components principally for major global
assembly industries. As an international business we can provide customer
support from across key regions in the UK & Ireland, Asia, Europe, and
North America. In addition to our service locations, we operate manufacturing
facilities focused on high volume cold forged fasteners and special parts. We
have also established Engineering & innovation centres to support R&D
and customer collaboration across the world. The Group supplies to customers
in c.65 countries across a wide range of industries, including Automotive,
Smart Infrastructure and Medical Equipment. As a full-service provider to
multinational OEMs and Tier 1 companies spanning several sectors, we deliver
comprehensive support to our customers across every requirement, from concept
design through to technical engineering consultancy, manufacturing, supply
management and global logistics.

 

We have defined a clear purpose and vision:

To sustainably drive our customers' success by simplifying their fastener
supply chain and supporting them in their technical requirements through our
world-class engineering and manufacturing capabilities.

 

For more information, visit:

TRIFAST PLC TRI Stock | London Stock Exchange
(https://www.londonstockexchange.com/stock/TRI/trifast-plc/company-page)

website: www.trifast.com (http://www.trifast.com)

LinkedIn: www.linkedin.com/company/tr-fastenings
(http://www.linkedin.com/company/tr-fastenings)

X: www.x.com/trfastenings (http://www.x.com/trfastenings)

Facebook: www.facebook.com/trfastenings (http://www.facebook.com/trfastenings)

 

Note: Trifast, TR and TR Fastenings are registered trademarks of the Company.

LEI number: 213800WFIVE6RWK3CR22

 

 

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