AGM Trading Update

Good start to FY 2026 and acquisition of AC Industries

Volution Group plc ("Volution" or "the Group" or "the Company", LSE: FAN), a leading international designer and manufacturer of energy efficient indoor air quality solutions, announces its trading update for the four months ended 30 November 2025 ("the period"), ahead of its Annual General Meeting which is being held later today.

FY26 has started well, with organic revenue growth at constant currency of c.5%. All three regions delivered organic growth in the period, against what continues to be a varied, but generally challenging backdrop. Combined with inorganic growth of 25% from the prior year acquisition of Fantech and a small benefit from foreign exchange, total revenue growth for the first four months was just over 30%.

Our continued focus on operational excellence and driving product cost improvements through engineering and procurement initiatives means that operating margins have remained strong, with organic adjusted operating margins consistent with prior year.

With good organic revenue growth, the inorganic benefit from the Fantech acquisition in December 2024 and strong operating margin performance in the period, we expect to deliver another year of good growth in revenue, operating profit and cash generation.

Acquisition of AC Industries

In a separate statement released this morning, the Group announced that it has signed an agreement to acquire the AC Industries business ("ACI"), based in Sydney, Australia, for an initial AUD$150 million (approximately £75 million) on completion on a cash and debt free basis, followed by further contingent consideration of up to AUD$28.9 million (approximately £14.5 million). The acquisition is expected to complete in February 2026 and will be immediately earnings accretive. Further information relating to this acquisition can be found in the statement.

Volution Group plc Legal Entity Identifier: 213800EPT84EQCDHO768.