Strix Group
KETL · AIM · Industrial Goods and Services · mcap £65m · 32.1p
Strix designs and makes safety and temperature controls for kettles and other appliances, plus water filtration and consumer products such as LAICA. Until 2026 it also owned Billi, an Australian maker of premium boiling and chilled water taps.
Financials · LTM to 31 Mar 26
Source: results 04 Aug 26 ↗
- Revenue
- £95.3m
- Operating profit
- £11.4m
- Net income
- £7.6m
- Free cash flow
- £10.8m
- Net cash
- £38.7m£10.00m paid to shareholders after 31 Mar 26 (14 May 2026) – source
- Market cap
- £73.8m
- EV / EBIT
- 4.1×
- FCF yield
- +14.7%
- Price / book
- 0.7×
Latest half-year · H1 25 vs H1 24
results 30 Sep 25 ↗
- Revenue
- £60.5m −5%
- Operating profit
- £6.7m +518%
- Net income
- £1.2m prior −£7.8m
- Cash from operations
- £4.0m −76%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: FY 24 (twelve months to 31 Dec 24), published 04 Aug 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Jun 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|
| Revenue | 95.3 | 98.7 | 144.6 | 106.9 |
| Gross profit | 29.7 | 30.7 | 57.1 | 40.7 |
| Adjusted EBITDA | – | – | 39.6 | 32.1 |
| Adjusted operating profit | 15.1 | 18.2 | – | – |
| Exceptional / adjusting items | (3.7) | (12.4) | (3.0) | (5.9) |
| Operating profit | 11.4 | 5.8 | 27.9 | 19.9 |
| Depreciation (owned assets) | – | – | 4.0 | 3.3 |
| Depreciation (right-of-use) | – | – | 1.3 | 0.9 |
| Amortisation | – | – | (3.4) | (2.1) |
| Share-based payments | – | – | 0.4 | (0.5) |
| Finance costs | (7.6) | (8.9) | (10.4) | (3.9) |
| Profit before tax | 4.1 | (2.9) | 17.7 | 16.1 |
| Tax | (2.0) | (1.2) | (1.5) | 0.8 |
| Net income (owners) | 7.6 | (1.4) | 16.2 | 16.8 |
| Discontinued operations | 5.5 | 2.7 | – | – |
| EPS basic | 3.4p | (0.6p) | 7.4p | 8.0p |
| EPS diluted | 3.4p | (0.6p) | 7.3p | 7.9p |
| Dividend per share | – | – | 0.9p | 6.0p |
| H1 25 | vs H1 24 | H2 24 | H1 24 | H2 23 | H1 23 | |
|---|---|---|---|---|---|---|
| Revenue | 60.5 | −5% | 34.8 | 63.9 | 79.6 | 64.9 |
| Gross profit | 22.1 | −4% | 7.6 | 23.1 | 33.2 | 23.9 |
| Adjusted EBITDA | – | – | – | 16.7 | 24.0 | 15.6 |
| Adjusted operating profit | 9.7 | −24% | 5.4 | 12.8 | – | – |
| Exceptional / adjusting items | (2.9) | −75% | (0.7) | (11.7) | – | – |
| Operating profit | 6.7 | n/m | 4.7 | 1.1 | 17.9 | 10.0 |
| Share-based payments | 0.5 | – | – | – | – | – |
| Finance costs | (3.7) | −27% | (3.9) | (5.0) | (5.4) | (5.0) |
| Profit before tax | 3.1 | n/m | 0.9 | (3.8) | 12.7 | 5.1 |
| Tax | (2.0) | +66% | 0.0 | (1.2) | (0.4) | (1.1) |
| Net income (owners) | 1.2 | n/m | 6.4 | (7.8) | 12.3 | 3.9 |
| Discontinued operations | 0.0 | n/m | 5.5 | (2.7) | – | (0.1) |
| EPS basic | 0.5p | – | 2.9p | (3.5p) | 5.6p | 1.8p |
| EPS diluted | 0.5p | – | 2.9p | (3.5p) | 5.6p | 1.7p |
| LTM Jun 25 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|
| Cash from operations | 19.5 | 32.1 | 37.6 | 23.4 |
| Interest paid | (7.0) | (8.7) | (7.6) | (3.3) |
| Tax paid | (3.8) | (3.7) | (1.3) | (1.2) |
| Capex (PP&E) | (5.3) | (5.0) | (3.3) | (4.7) |
| Capex (intangibles) | (1.5) | (2.6) | (3.6) | (3.3) |
| Lease principal paid | (2.0) | (1.8) | (1.4) | (0.8) |
| Dividends paid | – | – | (9.1) | (17.3) |
| Shares issued | (0.1) | 8.4 | (0.2) | 10.7 |
| H1 25 | vs H1 24 | H2 24 | H1 24 | H2 23 | H1 23 | |
|---|---|---|---|---|---|---|
| Cash from operations | 4.0 | −76% | 15.6 | 16.6 | 24.5 | 13.1 |
| Interest paid | (3.0) | −35% | (4.0) | (4.6) | (3.3) | (4.4) |
| Tax paid | (1.4) | +5% | (2.3) | (1.4) | 0.0 | (1.3) |
| Capex (PP&E) | (1.8) | +20% | (3.4) | (1.5) | 0.0 | (3.3) |
| Capex (intangibles) | (0.9) | −56% | (0.6) | (2.1) | (0.8) | (2.7) |
| Lease principal paid | (1.0) | +14% | (1.0) | (0.8) | (0.9) | (0.5) |
| Shares issued | 0.0 | n/m | (0.1) | 8.4 | – | – |
| Latest Mar 26 | FY 24 | FY 23 | FY 22 | |
|---|---|---|---|---|
| Other intangibles | 25.8 | 63.0 | 73.4 | 73.4 |
| Property, plant & equipment | 37.9 | 44.1 | 46.2 | 47.4 |
| Associates & JVs | – | – | 0.0 | 0.0 |
| Inventories | 15.9 | 25.4 | 25.4 | 27.7 |
| Trade receivables | 11.7 | 22.7 | 27.7 | 29.8 |
| Cash | 45.3 | 15.1 | 20.1 | 30.4 |
| Current assets | 73.0 | 63.5 | 73.5 | 88.4 |
| Total assets | 137.2 | 172.2 | 194.1 | 209.2 |
| Trade payables | 19.5 | 30.7 | 27.2 | 30.0 |
| Borrowings, current | 6.3 | 11.2 | 16.1 | 14.7 |
| Lease liabilities, current | 0.3 | 1.1 | 1.2 | 1.1 |
| Current liabilities | 26.6 | 45.5 | 46.5 | 53.7 |
| Borrowings, non-current | 0.3 | 68.8 | 89.7 | 103.1 |
| Lease liabilities, non-current | 0.2 | 2.5 | 3.6 | 2.8 |
| Deferred consideration | – | – | 0.0 | 7.5 |
| Pension surplus / (deficit) | (0.8) | (0.7) | (0.9) | (0.9) |
| Total liabilities | 30.1 | 126.6 | 151.0 | 172.0 |
| Non-controlling interests | 0.4 | 0.7 | 0.7 | 0.7 |
| Total equity | 107.1 | 45.6 | 43.0 | 37.2 |
| Net cash / (debt) ex leases | 38.7 | – | (83.7) | (87.4) |
| Net cash / (debt) incl. leases | – | – | (90.5) | – |
| Undrawn facilities | 25.0 | 10.5 | 0.0 | – |
| Q Mar 26 | H1 25 | H2 24 | H1 24 | H2 23 | H1 23 | |
|---|---|---|---|---|---|---|
| Other intangibles | 25.8 | – | 63.0 | – | 73.4 | – |
| Property, plant & equipment | 37.9 | 48.0 | 44.1 | 44.2 | 46.2 | – |
| Associates & JVs | – | – | – | 0.0 | 0.0 | – |
| Inventories | 15.9 | 31.2 | 25.4 | 27.6 | 25.4 | – |
| Trade receivables | 11.7 | 23.5 | 22.7 | 20.8 | 27.7 | – |
| Cash | 45.3 | 12.7 | 15.1 | 20.0 | 20.1 | – |
| Current assets | 73.0 | 67.4 | 63.5 | 69.1 | 73.5 | – |
| Total assets | 137.2 | 178.2 | 172.2 | 182.7 | 194.1 | – |
| Trade payables | 19.5 | 31.2 | 30.7 | 31.4 | 27.2 | – |
| Borrowings, current | 6.3 | 5.3 | 11.2 | 16.3 | 16.1 | – |
| Lease liabilities, current | 0.3 | 1.5 | 1.1 | 1.2 | 1.2 | – |
| Current liabilities | 26.6 | 40.2 | 45.5 | 51.8 | 46.5 | – |
| Borrowings, non-current | 0.3 | 76.0 | 68.8 | 74.2 | 89.7 | – |
| Lease liabilities, non-current | 0.2 | 5.9 | 2.5 | 3.1 | 3.6 | – |
| Deferred consideration | – | – | – | – | 0.0 | – |
| Pension surplus / (deficit) | (0.8) | – | (0.7) | (0.8) | (0.9) | – |
| Total liabilities | 30.1 | 131.5 | 126.6 | 140.0 | 151.0 | – |
| Non-controlling interests | 0.4 | 0.6 | 0.7 | 0.7 | 0.7 | – |
| Total equity | 107.1 | 46.7 | 45.6 | 42.7 | 43.0 | – |
| Net cash / (debt) ex leases | 38.7 | – | – | (68.8) | (83.7) | (93.1) |
| Net cash / (debt) incl. leases | – | – | – | – | (90.5) | – |
| Undrawn facilities | 25.0 | – | 10.5 | 9.0 | 0.0 | – |
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.