Dialight plc (DIA) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Dialite PLC Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged. They can be submitted at any time via the Q&A tab that's just situated on the right-hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and will publish their responses where it's appropriate to do so on the Investor Meet company platform. Before we begin, we would just like to submit the following poll. If you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from Dialight PLC. Steve, Mark, good morning. Good morning, and thank you, everybody, for joining. We're going to go through this fairly rapidly, but in the first half. But in the early 2000s, Dyalite saw a first mover opportunity to move into industrial LED lighting. Over the period sort of mid-2000s up until 2014, the business grew very rapidly, reaching a positive cash position, inventory around the $35 million mark, and profitability around about the 17% return on sales. So everything was going very well for Dylite at that point. On this slide, you can see a couple of examples. water treatment facility but you can see the quality of the lighting is really important to make sure that people and personnel are safe on those sites so we have a very good market position very good brand recognition and then the business lost its way a little bit between 2014 and 2024 so I stepped into February 24, at which point ...