Zotefoams Plc · LSE:ZTF
Zotefoams — FY2025 Earnings Presentation
26 slides from Zotefoams's earnings presentation, Mar 17, 2026
Slide 1: 2025 Preliminary Results
2025 PRELIMINARY RESULTS 17 MARCH 2026 Ronan Cox, Group CEO Nick Wright, Group CFO 2025 Preliminary Results | Zotefoams plc
Slide 2: Disclaimer
2 DISCLAIMER No representation or warranty, expressed or implied, is made or given by or on behalf of Zotefoams plc (“Zotefoams”, the “Company” or the “Group”) or any of its Directors or any other person as to the accuracy, completeness or fairness of the information contained in this presentation a
Slide 3: Business Performance
3 Business Performance Ronan Cox Group CEO 2025 Preliminary Results | Zotefoams plc
Slide 4: Results Headlines
4 STRONG REVENUE GROWTH AND RECORD PROFITABILITY Results Headlines £ £ Record Sales Performance Record Earnings Cash & Funding Group Revenue Record Adjusted Operating Profit Balance sheet − Up 7% to £158.5m − Up 26% to £22.8m − Strong balance sheet with good (2024: £147.8m) (2024: £18.1m) operationa
Slide 5: Highlights: Health & Safety and strategic priorities
5 STRATEGIC PRIORITY HIGHLIGHTS ONE 2025 was a year of momentum for Zotefoams, as our Expanding Beyond the Core Health strategy moved decisively from intent to execution. & Safety INDUSTRY AND CLOSER TO INNOVATION & M&A BEYOND HIGH PERFORMING CUSTOMER FOCUS THE CUSTOMER SUSTAINABILITY THE CORE TEAMS
Slide 6: EMEA Regional Performance Key Messages
6 REGIONAL PERFORMANCE REVENUE & MARGIN EMEA £m FY 2025 FY 2024 Change Key Messages Revenue 124.0 113.3 +9.4% Record revenue growth driven by exceptional Consumer & Lifestyle performance Segment profit 25.4 24.4 +4.1% – Footwear remained the primary growth driver, supported Segment margin 20.5% 21.5
Slide 7: North America Regional Performance Key Messages
7 REGIONAL PERFORMANCE REVENUE & MARGIN NORTH AMERICA £m FY 2025 FY 2024 Change Key Messages Revenue 30.1 28.1 +7.1% Resilient growth with strong momentum in Transport & Smart Technologies Segment profit 3.5 1.8 +94.4% – Solid full-year growth despite a softer start in Construction Segment margin 11
Slide 8: Asia Regional Performance Key Messages
8 REGIONAL PERFORMANCE REVENUE & MARGIN ASIA £m FY 2025 FY 2024 Change Key Messages Revenue 4.2 5.1 -17.6% Strategic investments building platform for future growth in Asia Segment profit 0.2 1.4 -85.7% – Strategically important to the Group’s long-term growth, Segment margin 4.8% 27.5% -2270bps des
Slide 9: Revenue by Vertical Performance
9 VERTICAL REVENUE BY VERTICAL PERFORMANCE £m FY 2025 FY 2024 Change Key Messages Consumer & Lifestyle 79.5 70.5 +12.8% In 2025 Zotefoams moved to an industry-led view of the business, organised around three core market Transport & Smart Tech. 52.5 48.2 +8.9% verticals Construction & Other Ind. 26.5
Slide 10: Acquisition of Overseas Konstellation Company (OKC)
10 Expanding capabilities ACQUISITION OF OVERSEAS KONSTELLATION COMPANY (OKC) Earnings accretive in first Strategic Step in Expanding Beyond the Core full year & attractive long-term return on investment Accelerating growth in Europe Acquisition in Spain that strengthens our position further Transac
Slide 11: Key Financials
11 Key Financials Nick Wright Group CFO 2025 Preliminary Results | Zotefoams plc
Slide 12: FY25 Key Financials
12 FY25 KEY FINANCIALS Group Revenue Adjusted Operating Profit 1 Adjusted Operating Margin £158.5m £22.8m 14.4% Up 7% Up 26% Up 220bps 2024: £147.8m 2024: £18.1m 2024: 12.2% Adjusted PBT 1 Adjusting Items PBT 2 £21.2m £1.1m £20.0m Up 39% Down 93% 2024: £0.2m 2024: £15.3m 2024: £15.2m Adjusted EPS1 E
Slide 13: FY25 Detailed Operating Performance
13 FY25 DETAILED OPERATING PERFORMANCE All figures excluding adjusting items unless otherwise stated OPERATING PERFORMANCE BUSINESS UNIT PERFORMANCE INTEREST & TAX £m FY25 FY24 Change £m FY25 FY24 Change £m FY25 FY24 Change Group revenue 158.5 147.8 7% Operating profit – EMEA 25.4 24.4 4% Net financ
Slide 14: FY25 Cash Generation & Net Debt
14 FY25 CASH GENERATION & NET DEBT Cash Generated from Working Capital Capital Expenditure Operations Reduction £39.7m £7.4m £14.2m Up 31% Up 3x Up 4% 2024: £30.4m 2024: £2.5m 2024: £13.6m ROCE Net Debt1 Leverage 13.9% £31.5m 0.8x Up 220 bps Up 31% Down 11% 2024: 11.7% As at 31.12.24: £24.1m As at 3
Slide 15: FY25 Movement in Net Debt
15 FY25 MOVEMENT IN NET DEBT £m 3.7 1.6 3.0 1.2 (39.7) 23.4 14.2 31.5 24.1 Net debt Capital Acquisition of Net Tax Dividend Others Cash from Net debt 1.1.25 expenditure new business interest paid paid operations 31.12.25 paid 2025 Preliminary Results | Zotefoams plc
Slide 16: Capital Allocation Strategy
16 CAPITAL ALLOCATION STRATEGY Investing in long-term sustainable growth and shareholder value Capital Allocation Priorities 1. Organic investment in footprint, technology & innovation Combined with capital efficiency to drive towards 20% ROCE 2. Progressive dividend policy Targeting sustainable gro
Slide 17: Summary & Outlook
17 Summary & Outlook Ronan Cox Group CEO 2025 Preliminary Results | Zotefoams plc
Slide 18: FY25 Summary
18 FY25 SUMMARY Record 2025 Performance EMEA North America − Group Revenue up 7% to £158.5m − Record revenue growth driven by − Growth with strong momentum in continued strength in Consumer & Transport & Smart Technologies − Adjusted Operating Profit up Lifestyle 26% to £22.8m − Second low-pressure
Slide 19: Full Year Outlook
19 FULL YEAR OUTLOOK Good momentum in early 2026 Early trading in line with expectations Integration and contribution from OKC − Continued demand in Transport & Smart Technologies − Full-year revenue contribution in 2026 in EMEA − Improving order books outside athletic footwear − Enhances growth pro
Slide 20: Appendices
20 Appendices 2025 Preliminary Results | Zotefoams plc
Slide 21: Business Overview
21 Factory / Plant Sales office Innovation Centre BUSINESS OVERVIEW Zotefoams T-FIT Material Technology UK Zotefoams UK (Kunshan) China Innovation Centre Croydon T-FIT® products Foam manufacture manufacture Head Office Zotefoams Poland London, UK Brzeg Foam manufacture Zotefoams Inc Walton, KY, USA
Slide 22: Key Investment Highlights
22 KEY INVESTMENT HIGHLIGHTS Zotefoams is an established producer of highly differentiated technical foams used in diverse end-markets globally Leading Market Position Foam technology specialists with supercritical heritage - building on proven capabilities to pursue emerging opportunities Diversifi
Slide 23: Five-Year Trading History
23 FIVE-YEAR TRADING HISTORY REVENUE & PROFIT CAPITAL EXPENDITURE & CASH GENERATION £m £m 2025 2024 2023 2022 2021 21.2 15.3 Capital expenditure 12.2 12.8 14.2 13.6 8.5 7.0 7.0 (including intangibles) 7.0 Cash generated from operations 39.7 30.4 12.1 23.0 12.2 147.8 158.5 127.4 127.0 100.8 2021 2022
Slide 24: FY25 Key Financials: Free Cash Flow and Net Debt
24 FY25 KEY FINANCIALS FREE CASH FLOW NET CASH USED FROM FINANCING ACTIVITIES £m FY25 FY24 £m FY25 FY24 Profit before tax 20.0 0.2 c/fwd (0.3) 13.9 Exceptional non-cash items 0.9 15.2 Net Interest Paid (1.2) (2.2) Depreciation/Amortisation 8.9 9.0 Lease payments (ex Shincell) (0.9) (1.0) Finance cos
Slide 25: Balance Sheet and Cash Flow
25 BALANCE SHEET CASH FLOW £m Dec-25 Dec-24 Change £m FY25 FY24 Intangible assets 23.8 0.4 >100% Profit before tax 20.0 0.2 Property, Plant & Equipment Exceptional non-cash items 0.9 15.2 105.6 92.1 15% Depreciation/Amortisation 8.9 9.0 Right of use assets – ex Shincell 6.3 2.2 >100% Finance costs 1
Slide 26: Our Market Verticals & Typical Applications
26 OUR MARKET VERTICALS & TYPICAL APPLICATIONS Consumer & Transport & Construction & Lifestyle Smart Technologies Other Industrial Premium & Ducting Equipment & Skid Insulation Footwear Aerospace Thermal Insulation Interior Trim Construction & performance soles Pipe Insulation Noise Vibration Low Di