Senior plc (SNR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Senior PLC's 2025 full-year results presentation. And thank you for making the effort to get here. And thanks also go to Dodge and Umus for hosting us here at their facility. And a warm welcome to you for those of you joining remotely. Before we present our results, can I just address the elephant in the room? I'm sure that everyone saw our announcement last Friday regarding discussions with potential offerors. As you will appreciate, it is not appropriate to comment further here, other than to remind everyone that there can be no certainty that any offer will be made, nor as to the terms on which any firm offer might be made. Please refer to the full statement issued on Friday and restrain yourselves when we get to the Q&A from asking questions that you know we will not be able to answer. In terms of our agenda this morning, I will briefly cover the highlights. Altna will run through and comment on the results. And then I will give an update on markets, investment proposition and outlook. 2025 was a pivotal year for Senior. We successfully completed the sale of our air structures business to Sullivan Street Partners on the 31st of December 2025. crucial element in delivering on our strategy to be a market-leading fluid conveyance and thermal management company supplying highly engineered products and systems. As Alpna will show in a few minutes, we had a strong financial performance with both divisions contributing well and our balance sheet is in great shape. That has allowed us to increase our total dividend to three pence per share an increase of 25% compared to 2024. Trading in the first two months of 2026 has started well, and the Board's expectations are unchanged for 2026. And looking ahead, we are on track to achieve the medium-term targets we set...