Business
Preliminary Group Results FY2025
Preliminary Group Results FY2025.
About this update from Volex Plc
[{"type":"text","content":"\n\n\n \n \n26 June 2025\nVolex plc\n(\"Volex\", the \"Company\", or the \"Group\")\nPreliminary Group Results\nfor the 52 weeks ended 30 March 2025\n \nStrong revenue and profit growth, margins maintained and well-set for further progress\n \nVolex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, announces its preliminary results for the 52 weeks ended 30 March 2025 (\"FY2025\").\n \n\n\n\n\nFinancial Highlights\n\n\n52 weeks to\n30 March\n 2025\n\n\n52 weeks to\n31 March 2024\n\n\nYear on year change\n\n\n\n\nRevenue\n\n\n$1,086.5m\n\n\n$912.8m\n\n\n19.0%\n\n\n\n\nUnderlying1 operating profit\n\n\n$106.2m\n\n\n$89.7m\n\n\n18.4%\n\n\n\n\nStatutory operating profit\n\n\n$82.9m\n\n\n$63.9m\n\n\n29.7%\n\n\n\n\nUnderlying1 profit before tax\n\n\n$87.6m\n\n\n$77.4m\n\n\n13.2%\n\n\n\n\nStatutory profit before tax\n\n\n$64.3m\n\n\n$51.6m\n\n\n24.6%\n\n\n\n\nUnderlying1 basic earnings per share\n\n\n36.3c\n\n\n33.7c\n\n\n7.7%\n\n\n\n\nStatutory basic earnings per share\n\n\n25.9c\n\n\n21.8c\n\n\n18.8%\n\n\n\n\nFinal dividend (per share)\n\n\n3.0p\n\n\n2.8p\n\n\n7.1%\n\n\n\n\nNet debt2\n\n\n$174.8m\n\n\n$154.0m\n\n\n \n\n\n\n\nNet debt (before operating lease liabilities)3\n\n\n$127.4m\n\n\n$121.1m\n\n\n \n\n\n\n\n1 Before adjusting items and share-based payments charge (see note 3 for more details)\n2 Represents cash and cash equivalents, less bank loans, debt issue costs and lease liabilities\n3 Represents net debt including finance leases, but excluding pre-IFRS16 operating lease liabilities (see note 15 for more details)\n \nFinancial and strategic highlights\n· Group revenue increased by 19.0% to $1,086.5m (FY2024: $912.8m), with organic growth of 11.1%, driven by particularly strong performance in Electric Vehicles and Consumer Electricals\n· Underlying operating profit rose by 18.4% to $106.2 million (FY2024: $89.7 million), supported by volume growth and the full-year benefit of the Murat Ticaret acquisition\n· Cash conversion remained robust at 67.2% (FY2024: 89.6%), helping to generate underlying free cash flow of $42.2 million (FY2024: $56.8 million). FY2024 included a working capital inflow as inventory normalised due to improved supply chain conditions\n·  ...