Trading Statement

CT Automotive Group plc ("CT Automotive" or the "Group"), a leading designer, developer, and supplier of interior components to the global automotive industry, is pleased to provide the following trading update for the six months to 30th June 2025.

CT Automotive remains on track to meet latest FY25 market expectations for revenue and profitability. H1 25 revenues are expected to be $54.2 million (H1 24: $60.5 million) reflecting customer program launch timing adjustments and inventory run down. It is expected that this position will normalise during H2. Gross margins continue to improve, building on the efficiency initiatives enacted throughout FY24.

CT Automotive continues to successfully navigate a challenging automotive market environment. In H1 25, CT Automotive secured eight new contracts worth approx. $37 million annually,* with four of those contracts set to launch in Q4 2025 or early 2026 as customers look to relocate existing manufacturing programs to our cost-efficient facility in Mexico enabling OEMs to take advantage of USMCA certification. The remaining four programs demonstrate strong endorsement of CT Automotive's customer proposition and are scheduled to launch in 2027 and early 2028 giving strong forward looking revenue visibility.

While tariffs have introduced significant uncertainty across the industry, they have also presented opportunities. The success of our Mexico facility in securing new contracts transferring from existing customer programs, reflects this, and highlights the growing appeal of this location. To support this increased demand, the Group is investing $3.4 million in FY25 to further enhance the site's capabilities, including the addition of a new automated paint line and 15 new injection moulding machines.

Outlook

Across the Group, we continue to deliver efficient, low-cost manufacturing solutions through our three global production centres. The new contract wins demonstrate customer confidence in CT Automotive and provide enhanced revenue visibility for FY25, FY26 and beyond. Combined with continued investment in innovation, and a focus on operational efficiency, the Board remains confident in CT Automotive's outlook and growth prospects.

*In aggregate, once all contracts are operational.

Listen to CEO Simon Phillips provide further insight on this trading update

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Note: The Company believes that current market expectations for the year ended 31 December 2025 are for revenues of $122.0m and adjusted Profit Before Tax of $10.5m respectively.