Business
Trading Update
Focusrite PLC reported a resilient trading performance for the 12 months ended August 31, 2025, with revenue expected to be approximately £168 million, a 6% increase compared to the £158.5 million reported for the year ended August 31, 2024. Revenue for the six months to August 31, 2025, is expected to be approximately £87 million, compared to £81.6 million in the second half of FY24. Net debt improved to approximately £11 million as of August 31, 2025, down from £12.5 million the previous year and £17.9 million at HY25. The Board anticipates Adjusted EBITDA for the period to be within the current market forecast range of £24.5 million to £26.0 million. Disclaimer*
About this update from Focusrite Plc
[{"type":"text","content":"\n\nStrictly embargoed for 07.00, 16th September 2025\nFocusrite plc\n(\"Focusrite\" or \"the Group\")\nTrading Update: Strong Performance in Six Months to 31 August 2025 Supports Full Year Outturn\nFocusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, provides the following update on trading for the 12 month period ended 31 August 2025 (\"the Period\"). In October 2024, Focusrite announced that it was changing its year end from 31 August to 28 February. As a result, the next audited results will be for the 18 month period to 28 February 2026.\nOverall the Group delivered a resilient performance across the Period, achieving growth despite continuing difficult trading conditions. Revenue for the six months to 31 August 2025 is expected to be approximately £87 million (H2 FY24: £81.6 million), with revenue for the Period expected to be approximately £168 million (FY24: £ 158.5 million), representing reported growth of approximately 6% versus the 12 months to 31 August 2024, notwithstanding the negative translational impact of a weakening of the US dollar across the year.\nGrowth for the Period was supported by strong contributions from Content Creation, where the refreshed Scarlett range and incremental launches in ADAM and Sequential drove increased demand. As highlighted in the interim results for the six months to 28 February 2025, revenue growth in that period had reflected higher sales to the US to mitigate proposed tariff increases. However, this had largely reversed by the end of the Period such that the impact of tariffs on underlying revenue growth was not material for the Period. Audio Reproduction's revenue was marginally lower than the prior year in line with previously indicated post-COVID demand trends but maintains a healthy pipeline and an expanded portfolio of market leading products.\nGross margins improved slightly compared to the gross margin for the 6 months to February 2025, despite tariff increases, with the benefit of selective pricing actions and product launches offsetting ongoing freight pressures and a less favourable regional mix in Audio Reproduction.\nAs previously indicated, overheads increased compared to the prior year, reflecting the normalisation ...