Trading Update

James Cropper plc (AIM: CRPR), the Advanced Materials and Paper & Packaging group, provides the following trading update for the six months ended 26 September 2026 (“H1 FY27”) and full-year outlook.

The Group has delivered a strong performance during H1 FY27, with trading ahead of the Board's expectations, principally reflecting a much stronger than anticipated performance by the Group’s Paper & Packaging business from a combination of revenue growth and cost management.

As a result of the performance delivered in the first half, together with the Board's current assessment of the outlook for the remainder of the financial year ending 27 March 2027, the Board now expects full-year Adjusted EBITDA to be approximately 10% to 20% ahead of current market expectations of £9.4 million. This gives a range of expected full-year Adjusted EBITDA of approximately £10.3 million to £11.3 million.

The Group will provide further detail on trading and the outlook with the publication of its interim results in November 2026.

David Stirling, Chief Executive Officer, commented:

“We are pleased with the Group’s strong performance during the first half of the year, and particularly the contribution by Paper & Packaging.

“The progress reflects the benefits of the actions we have taken to improve operational performance alongside continued positive momentum across the Group. As a result, our expectations for full-year Adjusted EBITDA have increased by 10-20%.”

James Cropper plc is globally recognised for its specialist capabilities in the design and manufacture of advanced materials and paper products. Operating through two principal businesses – Advanced Materials and Paper & Packaging – and built upon 180 years of innovation, the Group serves a diverse range of customers with high-performance solutions tailored to specialised applications.

The Advanced Materials business develops cutting-edge nonwoven materials and electrochemical coatings for sectors including aerospace, clean energy, and defence. The Paper & Packaging business offers premium creative papers and bespoke moulded fibre packaging together with leading recycled-fibre capabilities and products, supporting the transition to a circular economy.

Headquartered in Burneside (UK), with additional manufacturing sites in Crewe (UK), Launceston (UK), and Schenectady (USA), James Cropper leverages deep expertise in material science and longstanding partnerships with industry-leading businesses and brands to develop bespoke solutions that meet complex technical and aesthetic specifications.