Luceco plc (LUCE) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.160 Good morning, everybody. Thank you for attending the Luceco PLC results presentation 00:00:05.160 -- 00:00:07.280 for 2025. 00:00:07.624 -- 00:00:09.708 Our highlights. 00:00:09.708 -- 00:00:14.717 Revenue was up 12%. Operating profit up almost 17%. 00:00:14.717 -- 00:00:19.866 Adjusted operating margin up half a percentage point. 00:00:19.866 -- 00:00:24.314 Our net debt ratio 1.2 times down from 1.6%. 00:00:24.314 -- 00:00:29.582 Our full-year dividend of 6p, which is up 20% on last year, and our adjusted 00:00:29.582 -- 00:00:35.948 EPS of 15p, also up by 20% on last year. Okay, 00:00:36.371 -- 00:00:42.020 the further highlight slide. Like-for-like revenue growth of 2% in the first half 00:00:42.020 -- 00:00:47.107 and actually close to 7% in the second half, which has accelerated further in Q1 00:00:47.107 -- 00:00:52.715 of this year. This is despite subdued activity in our core overall markets. 00:00:52.715 -- 00:00:57.988 Approximately two-thirds of last year's organic growth was from the EV charging category 00:00:57.988 -- 00:01:02.700 as a result of ongoing market share gains in a structurally growing segment. 00:01:02.700 -- 00:01:07.953 EV charger cells were up 85% in the year and it is continuing 00:01:07.953 -- 00:01:13.884 to be strong this year. Operating profit margin was up to 12.5%, 00:01:13.884 -- 00:01:18.792 which is a half a percent increase on last year, which was a further half a point increase 00:01:18.792 -- 00:01:24.040 on the previous year. Hence, operating profit 17% higher, giving 00:01:24.040 -- 00:01:29.108 us a three-year operating profit compound average growth rate north 00:01:29.108 -- 00:01:34.776 of 15%. There was very strong cash generation of 30 million. 00:01:34.776 -- 00:01:39.882 Since 2...