Trading Update

LPA Group plc, the innovation-led engineering specialist in electronic and electro-mechanical components and systems, provides a trading update for the years ending 30 September 2024 and 30 September 2025. The Company has received revised schedules for delivery to customer for three of its rail contracts currently in production. The rail products are for UK and EU end customers. The revised delivery schedules have resulted in changes to management expectations as follows.

For the current financial year ending 30 September 2024, full year Group revenues are expected to reduce by c.£1.5m to c.£24.7m. This would result in full year adjusted PBT, and reported PBT, reducing to breakeven. For the financial year ending 30 September 2025, revenues and earnings are also expected to be impacted, and revised FY25 guidance will be provided in due course.

Despite this revised schedule, which is out of the Group's control, we remain focused on delivering against our long-term growth strategy. As the picture develops further we will review and update accordingly.

Paul Curtis, CEO of LPA Group, commented:

"This change to schedules on contracted orders further reiterates the need to rebalance the business to a more even split between standard products vs bespoke projects, and the growing of our other marketplaces outside of rail. We are pleased to report that our aviation sales are trading strongly and that the recent acquisition of RedBox International is proving positive and on schedule to be fully integrated into our Saffron Walden site over the coming months. We are fully committed to delivering a more robust business and will work through these challenges."

Enquires:

Robert B Horvath, Chairman

Paul Curtis, Chief Executive Officer Stuart Stanyard, Chief Financial Officer

Ed Frisby / Abigail Kelly (Corporate Finance) Tim Redfern (ECM)