Trading Statement

14 January 2026

Xaar plc

("Xaar", the "Group" or the "Company")

2025 trading update and notification of full year results

Xaar, the inkjet printing technology Group, today issues a trading update for the year ended 31 December 2025.

Revenue in the twelve months to 31 December 2025 is expected to be up 16.6% on a like-for-like basis (adjusting for currency and ceased operations) at £60.3 million (2024: £61.4 million,) 

Revenues in core ceramics segments have been stable, with growth coming from newer products and markets, notably jewellery wax. Printhead revenue growth was 28.9%.

Gross margins have benefitted from volume performance and cost control and the Group expects full year adjusted profits to be marginally ahead of expectation.

The year-end net cash position is around £4.8m (2024: £8.2m) after capital investment of £3.1m.

Xaar's differentiated technology allows the precise deposition of specialist fluids. Over the last five years the Group has been developing this unique capability for new applications beyond its core ceramics market. The benefits of these developments are evident in 2025 revenues and, while the timing of such projects can be uncertain, the Board is optimistic about the range and scale of the opportunities ahead.

Xaar is pleased to announce the appointment of Joh. Berenberg, Gossler & Co KG, London Branch ("Berenberg") and Singer Capital Markets ("Singer") as joint Corporate Brokers, with immediate effect.

The full year results will be published on Tuesday 24 March 2026 and there will be a meeting for analysts and institutional investors at 9.15am on the day. For details, please contact Xaar via investor.relations@Xaar.com.

Berenberg                                            +44 (0)20 3207 7800

Harry Nicholas

Tom Ballard

Singer                                                 +44 (0)207 496 3000

Sara Hale

Graham Hertrich