Sanmina Final Agreement, Trading update
Settlement agreement with Sanmina finalised with first $4m payment made; FY25 operating profit expected ahead of expectations.
vs expectations: ahead
- Settlement payment due 31 March 2025 $4m
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A full and final settlement agreement has now been entered into with Sanmina. Summary details remain as per those disclosed in our previous announcement of 28 January 2025. The first payment due by 31 March 2025 of $4m has been made to Sanmina.
Trading update
As we come to the end of the financial year ending 31 March 2025, underlying operating profit before tax for the Group is expected to be ahead of market expectations. We will provide further detail on the full year result once the year is complete and the outcome of US tariffs on Mexican imports is known. The full year results are due to be released in June 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.