REG - Xaar PLC - TRADING UPDATE and NOTICE OF RESULTS

XaarAnnouncement

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RNS Number : 6556B  Xaar PLC  01 October 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

1 October 2025

 

Xaar plc

 

TRADING UPDATE

and

NOTICE OF RESULTS

 

Xaar plc ("Xaar" or "the Group"), the leading inkjet printing technology
group, announces an update on current trading.

 

Xaar announced its interim results on 12 August 2025 setting out that revenue
was expected to be second half weighted with order volumes growing steadily
throughout the year. Since that announcement, confidence has increased with
trading continuing in line with the plans and the Board's expectations for the
year ending 31 December 2025 remain unchanged.

Xaar's strength is its attractive value proposition centred around the ability
to jet highly viscous liquids, which has the potential to open up new markets
of significant scale. The Group's financial performance will be driven by the
maturing of recent product launches into these markets and the exact timing of
new ones. All new market initiatives are progressing as anticipated. Part of
this growth is now being driven by new orders from a major customer for the
launch of its desktop 3D printer, a new segment opportunity that has the
potential to develop revenues in the same way wax jetting did earlier in 2025.

Following a detailed review of local tax compliance practices by the
management team, it has come to the attention of the Board of Directors that
the Group has certain previously unidentified tax liabilities to settle in an
overseas jurisdiction. The amounts are historic and are not expected to impact
future trading. The aggregate liability is expected to be in the range of £3
million to £4 million and the Group is well capitalised to meet these tax
payments which are expected to be settled over the next two years.

 

Further to the announcement on 5 August 2025 the Company confirms that Ben
Stocks has today joined the Company as Chairman and Independent Non-Executive
Director.

 

Ben Stocks commented: "Although disappointing, the tax liability does not
change my optimism for a business full of opportunity. With a unique
proposition, Xaar has the potential for significant growth in new and sizable
markets. The company is indebted to Andrew Herbert who successfully steered
the business through a renewal agenda: strengthening the Board; developing new
products; and enabling access to these new markets. He leaves Xaar revitalised
and well positioned for growth."

Notice of results

 

The Company announces that it will announce its results for the year ending 31
December 2025 on or around 24 March 2026.

 

 

The information contained within this announcement is deemed by Xaar to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 (as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018) ("MAR"). On the publication of this
announcement via a Regulatory Information Service, such information is now
considered to be in the public domain. The person responsible for making this
announcement is Julia Crane Company Secretary.

 

Enquiries:

 

 Xaar plc                             +44 (0) 1223 423 663
 John Mills, Chief Executive Officer
 Paul James, Chief Financial Officer

 Investor Relations                   Xaar_IR@cen-grp.com
 Stephen Lamacraft
 Daniel Verity

 

Forward-looking statements

 

This announcement may include statements, beliefs or opinions that are, or may
be deemed to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking terminology,
including the terms "believes", "estimates", "plans", "projects",
"anticipates", "targets", "aims", "continues", "expects", "intends", "hopes",
"may", "will", "would", "could" or "should" or, in each case, their negative
or other variations or comparable terminology, or by discussions of strategy,
plans, objectives, goals, future events or intentions. No representation or
warranty is made that any of these statements or forecasts will come to pass
or that any forecast results will be achieved. Forward-looking statements may
and often do differ materially from actual results. Any forward-looking
statements contained in the announcement speak only as of their respective
dates, reflect Xaar's current view with respect to future events and are
subject to risks relating to future events and other risks, uncertainties and
assumptions relating to Xaar's business, results of operations, financial
position, liquidity, prospects, growth and strategies.

 

Except as required by any applicable law or regulation, Xaar expressly
disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this announcement or
any other forward-looking statements it may make whether as a result of new
information, future developments or otherwise.

 

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