Trading Statement

In brief · summary, not quotable

Dialight PLC anticipates exceeding market expectations for Adjusted Operating Profit for the year ending March 31, 2026, driven by ongoing margin improvements and overhead cost reductions from its Transformation Plan. This excludes a one-time $3.0 million cash benefit from US Internal Revenue Service Covid credits received in the last six months. However, sales were marginally down due to tariff uncertainty and a softer macroeconomic climate. The Group remains cautious about the sales outlook for the full financial year. Dialight's net debt closed at $10.2 million on September 30, 2025, a decrease from $17.8 million on March 31, 2025, reflecting positive profit and cash generation.

Full announcement

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Dialight plc (LSE: DIA.L), a global leader in LED lighting for heavy industrial applications publishes the following trading update ahead of the Interim Results for the six months ended 30 September 2025, which will be announced on 11 November 2025.

Trading Update and Outlook

Demand trends and operating conditions in the Group's end markets have remained soft with sales marginally down on the prior year as a result of tariff uncertainty, the softer macro-economic climate and the impact of this on the Group's hazardous end market sectors. The Group remains cautious on the sales outlook for the full financial year to 31 March 2026 due to this continuing uncertainty.

The ongoing margin improvement, overhead cost reduction and higher cash generation announced in the Trading Update with the AGM, have continued to improve with a strong second quarter profit delivery. The continued benefits of the delivery of the Transformation Plan are that the Group now expects to significantly exceed the market expectation for Adjusted Operating Profit for the year ending 31 March 2026. This excludes the cash benefit from the receipt of two Covid credits from the US Internal Revenue Service of $3.0m, which have been received in the last six months and there are no more of these to come.

The Group net debt closed at 30 September 2025 on $10.2m (31 March 2025: $17.8m) demonstrating positive profit and cash generation.

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