Business
Preliminary Group Results FY2026
Volex PLC reported record revenues of $1,242.6 million for the year ended March 31, 2026, a 14.4% increase from the prior year, driven by strong Data Centre demand. Underlying operating profit rose by 19.9% to $127.3 million, with an improved operating margin of 10.2%, exceeding the Group's target range. The company achieved its five-year plan one year early and is strategically investing for future growth, with net debt decreasing by 12.9% to $152.3 million. The proposed final dividend is 3.2 pence per share, a 6.7% increase. Volex is progressing with its listing move to the Main Market of the London Stock Exchange, expected on July 24, 2026. Disclaimer*
About this update from Volex Plc
25 June 2026 Volex plc ("Volex", the "Company", or the "Group") Preliminary Group Results for the year ended 31 March 2026 Record revenues and double-digit margins deliver five-year plan one year early; Strategic investment positions Volex for next phase of growth Volex plc (AIM: VLX), a critical manufacturing partner to category leaders, delivering complex power and data connectivity systems, announces its preliminary results for the year ended 31 March 2026 ("FY2026"). Financial Highlights FY2026 FY2025 Year-on-year change Revenue $1,242.6m $1,086.5m 14.4% Underlying1 operating profit $127.3m $106.2m 19.9% Statutory operating profit $121.0m $82.9m 46.0% Underlying1 profit before tax $108.4m $87.6m 23.7% Statutory profit before tax $93.4m $64.3m 45.3% Underlying1 basic earnings per share 43.5c 36.3c 19.8% Statutory basic earnings per share 35.2c 25.9c 35.9% Proposed final dividend per share 3.2p 3.0p 6.7% Net debt2 $152.3m $174.8m (12.9%) Net debt (before operating lease liabilities)3 $121.5m $127.4m (4.6%) 1 Before adjusting items and share-based payments (see note 3 for more details) 2 Represents cash and cash equivalents, less bank loans, debt issue costs and lease liabilities 3 Represents net debt including finance leases, but excluding pre-IFRS16 operating lease liabilities (see note 15 for more details) Financial highlights · Revenue increased by 14.4% to $1,242.6 million (FY2025: $1,086.5 million), with organic growth of 14.2%, led by strong Data Centre demand · Underlying operating profit increased by 19.9% to $127.3 million (FY2025: $106.2 million), reflecting volume growth, operational efficiencies and improved product mix · Underlying operating margin expanded to 10.2% (FY2025: 9.8%), exceeding the Group's previous 9-10% target range for the first time · Return on capital employed improved to 21.0% (FY2025: 19.7%), reflecting disciplined investment and the operating leverage of the business model · Cash conversion was 63.9% (FY2025: 67.2%), reflecting working capital investment to support strong Data Centre revenue growth, with underlying free cash flow c...