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RNS Number : 7638F  Zotefoams PLC  27 May 2026

Zotefoams plc

("Zotefoams" or "Group")

Trading Update

 

 

27 May 2026 - Zotefoams, a world leader in high-performance foams, provides
a trading update for the four months ended 30 April 2026 (the
"period"), ahead of its Annual General Meeting to be held today.

The Group reports strong trading in the period, with overall revenue
increasing by 26% year-on-year to £64.1 million. Performance reflects robust
demand across key markets and the contribution from Overseas Konstellation
Company (OKC), offsetting the anticipated moderation in Footwear.

Trading performance in the period

 ·   In EMEA, revenue increased 24% year-on-year to £50.1 million, driven by the
     £9.8 million contribution from OKC. The underlying EMEA business was stable
     against a strong comparator (£40.4m) which benefited from exceptionally high
     Footwear volumes. Footwear, which is the largest component of the Consumer and
     Lifestyle vertical, saw revenues moderate as expected.  Transport & Smart
     Technologies, including aviation, space, and automotive applications,
     continued to grow maintaining the momentum observed last year.
 ·   North America achieved strong growth, with revenue of £12.1 million, up 30%
     organically year-on-year. This reflects the benefit of recently expanded
     capacity from our second low-pressure vessel and demand in Consumer &
     Lifestyle and Transport & Smart Technologies verticals.
 ·   Asia also delivered good growth, with revenue of £1.9 million, roughly double
     the prior year period. The Group continues to invest in Vietnam and South
     Korea with operations expected to commence towards the end of the year.

This momentum, together with the continued focus on operational improvements
and cost efficiency, have supported margins in the period in line with
expectations. Cash generation has been similarly robust, reflecting our
ongoing focus on working capital efficiency.

The Group continued to make progress on its key strategic initiatives. The
integration of OKC is in line with plan. Major growth projects in Asia remain
on track, with construction of the new Vietnam facility and the Footwear
Innovation Centre in South Korea progressing as expected. The Group is
advancing the use of AI to drive productivity and innovation, and the Global
Approved Partners programme has launched with initial partners announced
across key industries and regions.

2026 Outlook

The Board is encouraged by the solid start to 2026 and its full-year
expectations remain unchanged.  Whilst mindful of elevated uncertainty in the
macroeconomic backdrop, we continue to expect demand in key target markets,
together with the contribution from OKC, to more than offset the moderation in
Footwear.

The Group is actively monitoring the impacts of instability in the Middle
East, has taken steps to mitigate the impact of raw materials and other cost
movements, and is well-positioned to adapt to evolving conditions.

The Board remains confident in the Group's full year expectations and
long-term prospects.

Commenting on the update Ronan Cox, Group CEO of Zotefoams, said:

"I am pleased with the business performance in the period, with growth
delivered despite increased macro volatility.

We have made good progress integrating OKC and advancing our major projects in
Vietnam, South Korea and the UK, bringing us closer to our customers and
adding capacity for the next phase of growth.

Our focus on innovation, pricing and cost discipline continues to underpin
performance. With trading in the first four months in line with the Board's
expectations, we remain confident in delivering our full-year objectives,
supported by a strong balance sheet and continued demand across our key target
markets."

Note: The Board notes that current market expectations for the year ended 31
December 2026, prior to release of this trading statement, are revenue of
£190.8m and adjusted profit before tax of £26.3m.

 

 

- Ends -

Enquiries:

 

 Zotefoams plc            IFC Advisory (Financial PR & IR)
 Ronan Cox, Group CEO     Graham Herring

 Nick Wright, Group CFO   Tim Metcalfe

                          Zach Cohen

 +44 (0) 208 664 1600     +44 (0) 203 934 6630

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in high-performance foam
technology delivering optimal material solutions for the benefit of society.
Utilising a variety of unique manufacturing processes, including
environmentally friendly nitrogen expansion for lightweight
AZOTE(®) polyolefin and ZOTEK(®) high-performance foams, Zotefoams sells
to diverse markets worldwide. Zotefoams uses its own cellular materials to
manufacture T-FIT(®) advanced insulation for demanding industrial markets.

Zotefoams is headquartered in London, UK, with manufacturing sites
in Croydon, UK, Kentucky, USA and Brzeg, Poland (foam
manufacture), Oklahoma, USA (foam products manufacture and conversion),
Anglesola and Burgos, Spain (foam manufacture) and Jiangsu
Province, China (T-FIT).

www.zotefoams.com (http://www.zotefoams.com)

AZOTE(®), ZOTEK(®) and T-FIT(®) are registered trademarks of Zotefoams
plc

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