Business
FW Thorpe : Interim Report 2026
FW Thorpe : Interim Report
About this update from Fw Thorpe Plc
Interim Report 2026 for the six months to 31 December 2025 WELCOME 2026 Interim Report Who we are We specialise in designing and manufacturing professional lighting systems. We currently employ over 900 people and, although each company works autonomously, our skills and markets are complementary. Our purpose Provide technically advanced lighting solutions that deliver long-term lowest cost of ownership. Our vision Maintain a consistently respected and profitable organisation with an environmental conscience. Contents INTERIM REPORT Chairman's Interim Statement 01 OUR FINANCIALS Consolidated Income Statement 02 Consolidated Statement of Comprehensive Income 03 Consolidated Statement of Financial Position 04 Consolidated Statement of Changes in Equity 05 Consolidated Statement of Cash Flows 06 Notes to the Interim Financial Statements 07 Financial Highlights: Revenue Interim 2026 (unaudited) Interim 2025 (unaudited) Change £81.7m £83.8m -2.4% Operating profit (before acquisition adjustments) £12.5m £12.6m -0.8% Operating profit £11.6m £11.5m +0.3% Profit before tax £11.6m £11.2m +3.1% Basic earnings per share 7.86p 7.65p +2.7% Interim dividend 1.81p (Interim 2025: 1.76p) - 2.8% increase Special dividend 2.60p (Interim 2025: nil) Revenues marginally lower, with operating profit steady Thorlux results dampened by lower performance in Germany Dutch segment similar to last year, supported by strong Famostar performance Further growth at Zemper, profitable performance from TRT Strong cash flow generation with net cash from operating activities of £14.3m (Interim 2025: £15.0m) Our Values Integrity Honesty Longevity Visit us online at: https://www.fwthorpe.co.uk Chairman's Interim Statement "The Group continues investments in selling resources." Mike Allcock, Chairman Interim Report Our Financials For the interim period ended 31 December 2025, the Group delivered a stable performance, broadly consistent with the prior year and in line with the Board's expectations. Famostar and Zemper performed very well, the results for the Group's UK operations were marginally ahead of last year's, whilst Lightronics, and SchahlLED, fell short of expectations with the latter being impacted by the widely acknowledged recession in its German industrial sector. I am pleased that TRT continues to trade profitably, and it now looks to lift margins to levels expected for other Group ...