Business
Full Year Results
TT Electronics plc reported a transitional year with improved financial performance, driven by strong results in Europe's Aerospace & Defence sector and significant improvements in North America following operational actions. Organic revenue declined by 2.7% to £481.4 million, while adjusted operating profit increased by 2.2% organically to £37.2 million, with an improved organic operating margin of 7.7%. The company generated strong free cash flow of £29.9 million, reducing net debt to £50.3 million and improving leverage to 1.1x. The outlook for 2026 anticipates revenue and adjusted operating profit in line with company consensus, supported by cost reduction programs and a divisional realignment. Disclaimer*
About this update from Tt Electronics Plc
[{"type":"text","content":"\n\n25 March 2026\n \n\n \nTT Electronics plc\n Results for the full year ended 31 December 2025\n \n OPERATIONAL TURNAROUND\n IMPROVED FINANCIAL PERFORMANCE\nKey Highlights:\n· In a transitional year for the Group, actions taken to address operational challenges and strengthen accountability supported improved second-half performance.\n· Strong cash generation and a significantly strengthened balance sheet, with improved organic1 profitability reflecting:\no Strong performance in Europe driven by momentum in Aerospace & Defence.\no Actions taken to address underperformance in North America resulted in a significant improvement in regional performance in 2025.\no Asia impacted by softer EMS demand and customer transfer activity, with the region better positioned operationally entering 2026.\n· Significant operational progress, including ceasing production at the Plano site, continued improvement at Cleveland facility and completion of the Components strategic review.\n· Book to bill ratio has improved to 109% (2024: 102%), reflecting an improvement in order intake relative to revenue compared to the previous year. \n \n\n\n\n\n\n\n\nAdjusted 1\n\n\n\n\n2025\n\n\n2024\n\n\nChange\n\n\n\n\nRevenue (£m) (organic)1\n\n\n481.4\n\n\n494.8\n\n\n(2.7)%\n\n\n\n\nOperating profit (£m) (organic)1\n\n\n37.2\n\n\n36.4\n\n\n2.2%\n\n\n\n\nOperating profit margin4 (%) (organic)\n\n\n7.7%\n\n\n7.4%\n\n\n30bps\n\n\n\n\nProfit before tax (£m)\n\n\n28.7\n\n\n27.2\n\n\n5.5%\n\n\n\n\nBasic earnings per share (p)\n\n\n6.9\n\n\n11.0\n\n\n(37.3)%\n\n\n\n\nCash Conversion4 (%)\n\n\n150%\n\n\n117%\n\n\n33%pts\n\n\n\n\nReturn on invested capital4 (%)\n\n\n13.3%\n\n\n10.0%\n\n\n330bps\n\n\n\n\n\n\n\nSt...
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