Business
Half-year Financial Report
Trifast plc reported a resilient performance for the six months ended 30 September 2025, with revenue declining 7.0% to £105.9 million, impacted by macroeconomic headwinds and challenges in the UK automotive sector, though growth in Smart Infrastructure and Medical Equipment provided some offset. Despite the revenue decrease, the underlying gross profit margin improved by 150 basis points to 28.9%, and the underlying operating profit margin rose to 6.2%, contributing to a stable underlying profit before tax of £4.6 million. The company maintained its full-year underlying earnings expectations and remains confident in achieving its medium-term target of an underlying operating profit margin exceeding 10%. Disclaimer*
About this update from Trifast Plc
18 November 2025 TRIFAST PLC HALF-YEAR 2026 FINANCIAL REPORT Unaudited results for the six months ended 30 September 2025 Self-help actions keep us on-track to deliver full-year underlying earnings in line with expectations. Trifast plc ('Trifast' or the 'Group' or 'Company'; LSE: TRI.L), the international specialist in the design, engineering, manufacture, and distribution of high-quality engineered fastenings, today announces its unaudited results for the six months ended 30 September 2025. Iain Percival, CEO of Trifast, commented: "In what has been another challenging macroeconomic period, with unprecedented issues affecting the UK Automotive sector and the ongoing global impact of tariffs, the company has delivered a resilient performance and further strategic progress. We have continued to rebalance the business into faster growing markets and sectors, as well as investing in the change required to achieve further margin improvement. Growth in Smart Infrastructure and Medical Equipment demonstrates the potential of our design engineered solutions. Our global manufacturing footprint, engineering expertise, and critical position in customers' supply chains, continues to serve us well. The strategic focus remains on the self-help levers within our control, of which there are many. Looking ahead, despite external market challenges, we remain confident in delivering our ambitions, including an EBIT margin target of >10%. My thanks to all Trifast employees for their continued efforts in delivering our Recover, Rebuild, Resilience strategy and their consistent support for our customers globally. " Key financials GAAP measures CER2 HY2026 CER2 change AER2 HY2026 AER2 change AER HY2025 Operating profit £4.6m 21.1% £3.8m Operating profit % 4.4% 110bps 3.3% Profit before tax £2.5m 56.3% £1.6m Profit before tax % 2.4% 100bps 1.4% Diluted earnings per share 1.09p 10.1% 0.99p Underlying measures Revenue £105.9m (7.0)% £105.8m (7.1)% £113.9m Gross profit % 28.9% 150bps 28.9% 150bps 27.4% Underlying operating profit (UOP)1 £6.6m (4.3)% £6.6m (4.3)% £6.9m Underlying operating profit %1 6.2% 20bps 6.2% 20bps 6.0% Underlying profit be...