Business
Trading Statement
CT Automotive Group plc reported a third consecutive year of improved underlying profit before tax, with expected FY25 revenues of at least $113 million and net debt of $7.7 million. Adjusted profit before tax is projected to be at least $10.0 million, despite approximately $0.4 million in launch-related costs and a non-cash stock valuation adjustment. The company secured seven new contracts in H225 with annualized revenue of approximately $10 million, bringing total FY25 contract wins to 15 with an expected annualized revenue of $47 million when fully operational. The outlook for FY26 is positive, with revenues and profitability expected to be modestly ahead of FY25, driven by maturing program launches and operational efficiencies. Disclaimer*
About this update from Ct Automotive Group Plc
[{"type":"text","content":"\n\n05 February 2026\n \n\nCT Automotive Group plc\n(\"CT Automotive\" or the \"Group\")\nTrading Update\nSustained improvement in profitability\n \nCT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, is pleased to provide the following trading update, demonstrating a third consecutive year of improvement in underlying profit before tax.\nAs previously announced the Group expects to report revenues for FY25 of at least $113 million, in line with current market expectations, with net debt at 31 December 2025 expected to be $7.7 million. Adjusted profit before tax is expected to be at least $10.0 million.¹\nWhilst revenues were broadly unchanged from the prior year, reflecting ongoing market uncertainty, CT Automotive has significantly improved underlying profit before tax for the third consecutive year demonstrating that our relentless focus on operational efficiency is delivering sustained results. \nReported underlying profit before tax was impacted by approximately $0.4 million of launch-related costs, incurred in Q4, as the Group successfully executed six new program launches in Mexico. Costs are now under control, and production has returned to targeted efficiency levels. There is also a non-cash stock valuation adjustment as a consequence of improved production efficiency and lower manufacturing cost rates, which reduced the year-end inventory valuation.\nContract Wins\nBuilding on new contracts which CT Automotive has secured in H125 (and announced in our interim results in September), CT Automotive has secured a further 7 contracts in H225 with annualized revenue of approx. $10 million*. Program launches are scheduled for 2027 and 2028. This brings total new contract wins for CT Automotive in FY25 to 15 with an expected annualized revenue of approx. $47 million when all programs are fully operational by 2028. This is a significant improvement on new business wins in previous years (FY24: 8 new contract wins). \nOutlook\nLooking ahead the Group is well positioned for FY26. The successful completion of multiple major program launches in Mexico, improving operational execution across all facilities, and a continued focus on cash discipline and working capital management provide a solid foundation for the year ahead.\nD...