Gooch & Housego
GHH · AIM · Technology · mcap £335m · 1225.0p
Gooch & Housego designs and makes lasers components, optical systems and fibre products used in aerospace and defence, life sciences and industrial markets. It sells mainly to equipment makers, so demand follows their orders and stock levels.
Financials · LTM to 31 Mar 26
Source: results 02 Jun 26 ↗
- Revenue
- £161m
- Operating profit
- £8.9m
- Net income
- £3.9m
- Free cash flow
- £1.6m
- Net debt
- £36.6m
- Market cap
- £335m
- EV / EBIT
- 42.2×
- FCF yield
- +0.5%
- Price / book
- 2.8×
Latest half-year · H1 Mar 26 vs H1 Mar 25
results 02 Jun 26 ↗
- Revenue
- £81.9m +16%
- Operating profit
- £4.9m +17%
- Net income
- £2.5m +19%
- Cash from operations
- £3.9m +54%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 Mar 26 (six months to 31 Mar 26), published 02 Jun 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Mar 26 | FY Sep 25 | FY Sep 24 | FY Sep 23 | |
|---|---|---|---|---|
| Revenue | 161.5 | 150.5 | 136.0 | 135.0 |
| Gross profit | 49.2 | 46.7 | 41.6 | 40.3 |
| EBITDA | – | – | 18.3 | – |
| Adjusted operating profit | – | – | 10.5 | – |
| Operating profit | 8.9 | 8.1 | 6.8 | 7.8 |
| Depreciation (owned assets) | 8.1 | 8.2 | – | – |
| Share-based payments | 0.8 | 1.0 | – | 0.3 |
| Finance costs | – | – | (2.6) | (1.8) |
| Profit before tax | 5.8 | 5.3 | 4.2 | 6.0 |
| Tax | (1.8) | (1.8) | (0.9) | (1.1) |
| Net income (owners) | 3.9 | 3.5 | (6.4) | 4.0 |
| Discontinued operations | – | – | (9.7) | (0.8) |
| EPS basic | 14.8p | 13.7p | (24.7p) | 16.1p |
| EPS diluted | 14.3p | 13.3p | (24.7p) | 16.0p |
| Dividend per share | – | – | 13.2p | 13.0p |
| H1 Mar 26 | vs H1 Mar 25 | H2 Sep 25 | H1 Mar 25 | H2 Sep 24 | H1 Mar 24 | H2 Sep 23 | |
|---|---|---|---|---|---|---|---|
| Revenue | 81.9 | +16% | 79.6 | 70.9 | 72.4 | 63.6 | 70.5 |
| Gross profit | 24.1 | +12% | 25.1 | 21.6 | 23.1 | 18.5 | 21.9 |
| Adjusted EBITDA | 11.0 | – | – | – | – | – | – |
| Adjusted operating profit | 7.2 | +17% | – | 6.2 | 6.7 | 3.8 | – |
| Exceptional / adjusting items | (2.3) | +16% | – | (2.0) | – | – | – |
| Operating profit | 4.9 | +17% | 4.0 | 4.2 | 5.2 | 1.6 | 3.5 |
| Depreciation (owned assets) | 4.0 | −2% | 4.2 | 4.0 | – | – | – |
| Share-based payments | 0.1 | −65% | 0.6 | 0.4 | – | 0.4 | 0.1 |
| Finance costs | – | – | – | – | (3.9) | 1.3 | (2.5) |
| Profit before tax | 3.3 | +16% | 2.5 | 2.9 | 3.9 | 0.3 | 2.4 |
| Tax | (0.8) | +6% | (1.0) | (0.8) | (0.8) | (0.2) | (0.5) |
| Net income (owners) | 2.5 | +19% | 1.4 | 2.1 | 2.7 | (9.1) | 1.3 |
| Discontinued operations | – | – | – | – | (0.4) | (9.3) | (0.6) |
| EPS basic | 9.2p | – | 5.6p | 8.1p | 10.1p | (34.8p) | 5.2p |
| EPS diluted | 9.0p | – | 5.3p | 8.0p | 10.1p | (34.8p) | 5.2p |
| Dividend per share | 4.9p | – | – | 4.9p | 8.3p | 4.9p | 8.2p |
| H1 Mar 26 | vs H1 Mar 25 | H2 Sep 25 | H1 Mar 25 | H2 Sep 24 | H1 Mar 24 | H2 Sep 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 3.9 | +54% | 6.8 | 2.5 | 11.7 | 2.5 | 10.1 |
| Interest paid | (1.5) | +30% | (1.4) | (1.1) | (1.3) | (1.2) | (1.0) |
| Tax paid | (2.1) | +103% | (0.8) | (1.0) | – | – | – |
| Capex (PP&E) | (3.4) | +39% | (2.1) | (2.5) | (1.7) | (1.8) | (2.8) |
| Capex (intangibles) | (0.9) | −29% | (0.5) | (1.2) | (0.5) | (1.2) | (0.3) |
| Lease principal paid | (1.2) | +46% | (1.1) | (0.8) | (0.8) | (0.9) | (0.8) |
| Dividends paid | (2.3) | +6% | (1.3) | (2.1) | (1.3) | (2.1) | (1.2) |
| Latest Mar 26 | FY Sep 25 | FY Sep 24 | FY Sep 23 | FY Sep 22 | |
|---|---|---|---|---|---|
| Goodwill | 65.8 | 66.6 | – | – | – |
| Property, plant & equipment | 37.5 | 36.5 | 37.9 | 41.8 | 42.4 |
| Inventories | 42.4 | 40.8 | 30.6 | 37.6 | 37.1 |
| Trade receivables | 48.6 | 42.1 | 30.9 | 34.1 | 35.6 |
| Cash | 4.4 | 7.2 | 6.6 | 7.3 | 6.0 |
| Current assets | 96.2 | 90.8 | 68.2 | 79.0 | 78.7 |
| Trade payables | 29.2 | 28.5 | 18.1 | 21.2 | 22.8 |
| Borrowings, current | – | – | 0.0 | 0.0 | 0.1 |
| Lease liabilities, current | 2.2 | 2.2 | 1.3 | 1.4 | 1.7 |
| Current liabilities | 32.7 | 33.2 | 21.4 | 23.2 | 25.1 |
| Borrowings, non-current | 41.0 | 37.1 | 22.6 | 28.2 | 18.7 |
| Lease liabilities, non-current | 11.0 | 11.8 | 8.6 | 9.4 | 4.5 |
| Deferred consideration | 1.9 | 1.0 | – | 0.9 | – |
| Total equity | 119.1 | 117.4 | 108.4 | 122.0 | 121.0 |
| Net cash / (debt) ex leases | (36.6) | – | (16.0) | (20.9) | – |
| Net cash / (debt) incl. leases | (49.8) | (43.9) | (25.8) | (31.7) | – |
| Shares in issue | 27.4m | 27.1m | – | – | – |
| Order book | 167.3 | 142.4 | 104.5 | 115.3 | – |
| H1 Mar 26 | H2 Sep 25 | H1 Mar 25 | H2 Sep 24 | H1 Mar 24 | H2 Sep 23 | |
|---|---|---|---|---|---|---|
| Goodwill | 65.8 | 66.6 | 55.5 | – | – | – |
| Property, plant & equipment | 37.5 | 36.5 | 38.4 | 37.9 | 37.8 | 41.8 |
| Inventories | 42.4 | 40.8 | 37.6 | 30.6 | 32.0 | 37.6 |
| Trade receivables | 48.6 | 42.1 | 37.9 | 30.9 | 31.7 | 34.1 |
| Cash | 4.4 | 7.2 | 5.5 | 6.6 | 4.8 | 7.3 |
| Current assets | 96.2 | 90.8 | 81.0 | 68.2 | 68.5 | 79.0 |
| Trade payables | 29.2 | 28.5 | 22.0 | 18.1 | 16.9 | 21.2 |
| Borrowings, current | – | – | – | 0.0 | 0.0 | 0.0 |
| Lease liabilities, current | 2.2 | 2.2 | 1.9 | 1.3 | 0.9 | 1.4 |
| Current liabilities | 32.7 | 33.2 | 28.0 | 21.4 | 18.7 | 23.2 |
| Borrowings, non-current | 41.0 | 37.1 | 29.6 | 22.6 | 27.0 | 28.2 |
| Lease liabilities, non-current | 11.0 | 11.8 | 9.6 | 8.6 | 7.3 | 9.4 |
| Deferred consideration | 1.9 | 1.0 | 1.7 | – | 0.9 | 0.9 |
| Total equity | 119.1 | 117.4 | 110.5 | 108.4 | 107.0 | 122.0 |
| Net cash / (debt) ex leases | (36.6) | – | (24.1) | (16.0) | (22.2) | (20.9) |
| Net cash / (debt) incl. leases | (49.8) | (43.9) | (35.5) | (25.8) | (30.4) | (31.7) |
| Shares in issue | 27.4m | 27.1m | – | – | – | – |
| Order book | 167.3 | 142.4 | – | 104.5 | 115.8 | 115.3 |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.