Business
Post-Close Trading Update
Senior plc anticipates its full-year 2025 adjusted profit before tax to be comfortably above previous expectations, driven by stronger than anticipated trading, particularly in Aerospace. The company has also reduced its cost base in certain Flexonics operations, with related restructuring costs to be announced at the full-year results. Senior's balance sheet has been strengthened, with net debt expected to be below £80 million (pre-IFRS 16) at the end of FY25, down from £153 million in FY24, and leverage anticipated to be below 1.0x net debt to EBITDA, a decrease from 1.8x. Additionally, a Buy-In transaction on its UK defined benefit pension scheme has de-risked the balance sheet. Disclaimer*
About this update from Senior Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n22 January 2026\nSenior plc: FY25 Post-Close Trading Update\nResults ahead of expectations, continued good strategic progress\nSenior plc (\"Senior\" or the \"Group\"), an international manufacturer of high technology components and systems, today issues this trading update for the year ended 31 December 2025 (the \"Period\") for the Group's continuing operations.\nStrong performance ahead of expectations\nFollowing the November trading update we have seen stronger than expected trading, notably in Aerospace, such that we now expect full year adjusted profit before tax(1) to be comfortably above previous expectations.\nSince the trading update, we have taken action and reduced our cost base in certain Flexonics operations. The related restructuring costs are treated as adjusting items and will be announced at our full year results.\nAs a result, the Board anticipates full year 2025 Group performance to be comfortably above previous expectations. While it is still early in the year, trading in January 2026 has started well.\nStrengthened balance sheet\nThe initial cash proceeds from the sale of the Aerostructures business along with strong cash generation has supported deleveraging, with net debt anticipated to be below £80m (pre- IFRS 16) at the end of FY25 (FY24: £153m). FY25 leverage is expected to be below 1.0x net debt to EBITDA (pre- IFRS 16) down from 1.8x at the end of 2024.\nIn addition, the Group completed a Buy-In transaction on its UK defined benefit pension scheme in FY25 which has de-risked the balance sheet.\nThe Group will publish its full year results for the year ended 31 December on 2 March 2026.\nNotes\n(1) We measure Group performance on an adjusted basis, which excludes items that do not directly reflect the underlying trading performance in the period.\nThe Group's principal foreign exchange translation exposure is to the US Dollar. The average US Dollar to Pound Sterling exchange rate for the full-year 2025 was $1.31.\nAll FY25 figures are subject to audit.\nThe information contained within this announcement is deemed by Senio...