REG - Volex PLC - Half Year Trading Update

VolexAnnouncement

16/10/2025 07:00

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RNS Number : 5631D  Volex PLC  16 October 2025

16 October 2025

 

Volex plc

("Volex", the "Company", or the "Group")

 

Half Year Trading Update

 

Strong performance with revenue momentum maintained and continued margin
resilience; full year expectations unchanged

 

Volex (AIM: VLX), the specialist integrated manufacturer of critical power and
data transmission products, today releases a trading update for the 6 months
ended 30 September 2025 (the "period").

 

The Group delivered a strong first half result, maintaining the performance
and momentum delivered in the second half of FY2025, which underlines the
continued resilience of the business.

 

Revenues are expected to exceed $575 million with organic revenue growth for
the period of at least 11%, driven by the Group's product offering and
long-standing relationships with blue-chip customers across five end-markets.

 

Electric Vehicles grew strongly year-on-year due to our increasingly diverse
range of products and customers. As expected, Medical demand was subdued as
customers assessed the implications of lower spend in healthcare and research
and adjusted inventory levels accordingly.

 

Consumer Electricals revenue was similar to H2 FY2025 but down on an organic
basis against a strong H1 FY2025 comparative. Off-Highway delivered strong
growth, benefiting from a one-off customer project that was delivered in the
first half. Complex Industrial Technology grew significantly with data centre
demand showing a very strong increase relative to H1 FY2025.

 

Margin resilience supports continued investment in customer-led growth

 

Operating profit margin for the first half is expected to remain within the
upper half of the Board's through-cycle target range of 9-10%. Our consistent
margin delivery validates the Group's ability to navigate regional cost
pressures whilst balancing continued investment in capacity and capabilities
to support our customers' evolving needs.

 

The ongoing evolution in the trading environment as a consequence of tariffs
remains an opportunity for Volex, and the Group has been working closely with
several key customers who in response, are reconfiguring their global
production footprints. These activities are strengthening Volex's customer
relationships and improving our competitive positioning for the medium term. A
small number of new programme launches have been temporarily deferred in both
the Complex Industrial Technology and Electric Vehicles end-markets as a
result of relocating manufacturing to support our customers, with these
projects expected to be delivered in FY2027 and beyond.

 

Outlook

 

The Group expects second-half revenues to be broadly similar to the first
half, reflecting stable trading across most end-markets.

 

Volex continues to demonstrate operational discipline, cost control and margin
consistency which provides the Board with confidence in making further
progress towards its five-year plan targets. With a strong balance sheet,
significant undrawn facilities and access to funding, the Group is
well-positioned to pursue value-accretive acquisitions that meet our
investment criteria.

 

Structural demand in key markets, a diversified customer base, and continued
investment in capability expansion underpin the Group's confidence in
delivering strong returns for all stakeholders, despite a challenging
macro-economic environment. The Board's expectations for the full year remain
unchanged.

 

Half year results

 

The Group expects to release its interim results on 12 November 2025.

 

 

-ENDS-

 

For further information please contact:

 

Volex plc                                                                                                +44 (0) 1256 442570

Nat Rothschild, Executive Chairman
                        investor.relations@volex.com

Jon Boaden, Chief Financial Officer

 

Peel Hunt LLP - Nominated Adviser & Joint Broker
           +44 (0) 20 7418 8900

Ed Allsopp

Dom Convey

Tom Graham

 

Jefferies - Joint Broker
                                        +44 (0) 20 7029
8000

Philip Noblet

Sam Barnett

Harry Le May

 

Sodali & Co. - Media Enquiries
                                   +44 (0) 20 7250 1446

James White

Nicholas Johnson

 
About Volex plc

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for
mission-critical applications and a global leader in power and data
connectivity solutions. Our diverse operations support international blue-chip
customers in five key end-markets: Electric Vehicles, Consumer Electricals,
Medical, Complex Industrial Technology and Off-Highway. Headquartered in the
UK, we orchestrate operations across 25 advanced manufacturing facilities,
uniting 13,000 dynamic individuals from 25 different nations. Our
extraordinary products find their way to market through our localised sales
teams and authorised distributor partners, supporting Original Equipment
Manufacturers and Electronic Manufacturing Services companies across the
globe. In a world that grows more digitally complex by the day, customers
trust us to deliver power and connectivity that drives everything from
household essentials to life-saving medical equipment. Learn more at
www.volex.com (http://www.volex.com) .

 

Forward looking statements

This announcement contains certain forward-looking statements which have been
made by the Directors in good faith using information available up until the
date they approved the announcement. Forward-looking statements should be
regarded with caution as, by their nature, such statements involve risk and
uncertainties relating to events and circumstances that may occur in the
future. Actual results may differ from those expressed in such statements,
depending on the outcome of these uncertain future events.

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