Business
Half-year Report
CT Automotive Group PLC announced its results for the half year ended June 30, 2025. The company secured eight new contracts worth approximately $37 million annually. H1 25 revenues were $54.1 million, a decrease from $60.5 million in H1 24. Gross profit was $16.5 million, compared to $17.4 million in the prior year, but the gross profit margin increased by 180 bps to 30.5%. Adjusted EBITDA increased 14% to $8.4 million, while adjusted profit before taxation was $4.2 million, up 2%. Net debt increased to $12.1 million but normalized to $7.4 million in July; the company expects FY25 to close within the $9-10 million range. Basic earnings per share were 4.6 cents, a slight decrease from 4.7 cents in H1 24. Disclaimer*
About this update from Ct Automotive Group Plc
[{"type":"text","content":"\n\n25 September 2025\n\nCT Automotive Group PLC\n(\"CT Automotive\" or the \"Group\")\n\"Solid performance with strong margin progression, and multiple new business wins\"\nCT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, today announces its results for the half year ended 30 June 2025 (\"H1 25\").\nSimon Phillips, Chief Executive Officer of CT Automotive, commented:\n\"This has been a productive first six months with eight new contracts secured, worth ~$37m annually, four of which were awarded to our Mexico facility, with customers attracted by the cost-efficient production and being a low tariff jurisdiction for the US market. While the market has been challenging with tariffs adding further complexity, we have remained flexible and responsive to changing customer needs, successfully focusing on new ways to reduce supply chain costs reflected in the new business wins. Our investment in AI, automation and digitisation continue to be key to driving the gross profit margin which has again improved significantly up by 290 basis points. The Board has taken the strategic decision to continue the investment in our Mexico facility, driven by demand in this market.\nThe Company remains on track to hit FY 25 market expectations for profitability[1]. Market conditions, including uncertainty around tariffs, resulted in an initial level of customer caution and, combined with recent customer adjustments to program launch timing, revenues are now expected to be slightly softer. Crucially, latest customer information indicates no change to longer term production volumes to FY 26 and beyond.\"\nListen to CEO Simon Phillips provide further insight on the Interim Results\nYour browser does not support HTML5 video.\nFinancial highlights+\n\n\n\n\n \n\n\n \nH1 25\n\n\n \nH1 24\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n$m\n\n\n$m\n\n\n% Change\n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n54.1\n\n\n60.5\n\n\n(11%)\n\n\n\n\n\n\n\n\n\n\nGross profit\n\n\n16.5\n\n\n17.4\n\n\n(5%)\n\n\n\n\n\n\n\n\n\n\nGross profit margin\n\n\n30.5%\n\n\n28.7%\n\n\n+180bps\n\n\n\n\n\n\n\n\n\n\nAdj. EBITDA*\n\n\n8.4\n\n\n7.4\n\n\n14%\n\n\n\n\n\n\n\n\n\n\nAdj. EBITDA margin\n\n\n15.6%\n\n\n12.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdj. profit before taxation*\n\n\n4.2\n\n\n4.1\n...