Business
Preliminary results for the year ended 31 May 2025
Avingtrans PLC reported preliminary results for the year ended 31 May 2025, featuring a 14.5% increase in revenue from continuing operations to a record £156.4m, up from £136.6m in 2024. The gross margin remained stable at 31.7%. Adjusted EBITDA from continuing operations exceeded expectations at £16.7m, compared to £14.0m in the previous year, with AES division's adjusted EBITDA rising by 20% to £21.5m. Adjusted PBT from continuing operations increased to £8.6m from £7.3m, and adjusted diluted earnings per share from continuing operations rose to 23.7p from 18.5p. Net debt, excluding IFRS16, stood at £12.3m, exceeding market expectations, compared to £6.1m in 2024. A final dividend of 3.0p per share was proposed, resulting in a total dividend of 4.9p per share, a slight increase from 4.7p in 2024. Disclaimer*
About this update from Avingtrans Plc
[{"type":"text","content":"\n\n24 September 2025\n \nAvingtrans Plc\n \n(\"Avingtrans\", the \"Company\", or the \"Group\")\n \nPreliminary results for the year ended 31 May 2025\n \nAvingtrans Plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce its preliminary results for the year ended 31 May 2025.\n \nFinancial Highlights\n· Revenue from continuing operations increased by 14.5% to a record £156.4m (2024: £136.6m)\n· Gross Margin was stable at 31.7% (2024: 32.2%)\n· Adjusted1 EBITDA from continuing operations was slightly ahead of the previously upgraded market expectations at £16.7m (2024: £14.0m). AES recorded a 20% uplift in adjusted EBITDA across the division to £21.5m, offset by a smaller than forecast investment in the MII division\n· Adjusted1 PBT from continuing operations was £8.6m (2024: £7.3m), reflecting strong underlying growth in AES results alongside lower restructuring costs\n· Adjusted1 Diluted earnings per share from continuing operations was 23.7p (2024: 18.5p)\n· Net Debt (excluding IFRS16) at 31 May 2025 of £12.3m (31 May 2024: £6.1m), ahead of market expectations\n· Final dividend of 3.0p per share proposed, resulting in a total dividend of 4.9p per share (2024: 4.7p)\n \n1 Adjusted to add back amortisation of intangibles from business combinations, acquisition costs and exceptional items \n \nOperational Highlights \nEnergy (AES)\n· Revenue increased by 13.9% to a record £151.5m (2024: £132.9m)\n· Adjusted1 EBITDA up 20% to £21.5m (2024: £17.9m)\n· Strong performance by Hayward Tyler, driven by rapid global growth in AI and data centre infrastructure, electrification of transport and links to new nuclear power requirements\n· Positive progress made in the HT Inc with a $10.0m contract from TerraPower, for novel nuclear pumps\n· Ormandy reported record results, benefitting from gr...