Midwich Group

MIDW · AIM · Technology · mcap £192m · 183.0p

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Financials · LTM to 30 Jun 26

Source: results 22 Sep 26 ↗

Revenue: £1.3bn
Operating profit: −£9.3m
Net income: −£16.5m
Free cash flow: £34.6m
Net debt: £159m
Market cap: £192m
EV / EBIT: –
FCF yield: +18.0%
Price / book: 1.2×

Latest half-year · H1 26 vs H1 25 results 22 Sep 26 ↗

Revenue: £640m
Operating profit: £10.3m
Net income: £3.6m
Cash from operations: −£460k

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 22 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25
Revenue	1,311.7	1,291.8
Gross profit	229.6	228.0
Adjusted operating profit	44.0	43.6
Exceptional / adjusting items	(34.7)	(38.3)
Operating profit	(9.3)	(14.9)
Share-based payments	(4.3)	(4.5)
Finance costs	(14.1)	(14.1)
Profit before tax	(23.1)	(30.5)
Tax	6.6	7.9
Net income (owners)	(16.5)	(22.6)
EPS basic	(16.0p)	(21.9p)
EPS diluted	(16.1p)	(21.9p)

	H1 26	vs H1 25	H2 25	H1 25
Revenue	640.3	+3%	671.4	620.3
Gross profit	111.1	+1%	118.4	109.6
Adjusted operating profit	17.0	+2%	27.0	16.6
Exceptional / adjusting items	0.5	n/m	(35.2)	(3.1)
Operating profit	10.3	+119%	(19.6)	4.7
Share-based payments	(1.4)	−10%	(3.0)	(1.5)
Finance costs	(6.6)	0%	(7.5)	(6.6)
Profit before tax	4.3	n/m	(27.5)	(3.0)
Tax	(0.8)	n/m	7.4	0.5
Net income (owners)	3.6	n/m	(20.1)	(2.5)
EPS basic	3.5p	–	(19.5p)	(2.4p)
EPS diluted	3.4p	–	(19.5p)	(2.4p)
Dividend per share	1.9p	–	–	1.8p

	LTM Jun 26	FY 25
Cash from operations	48.9	55.6
Interest paid	(13.1)	(13.3)
Tax paid	(0.6)	(4.6)
Capex (PP&E)	(5.6)	(5.4)
Capex (intangibles)	(2.8)	(5.5)
Lease principal paid	(5.1)	(5.5)
Lease interest paid	(0.8)	(0.8)
Dividends paid	–	(9.6)
Shares issued	0.0	0.0

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	(0.5)	n/m	49.4	6.3
Interest paid	(6.1)	−3%	(7.0)	(6.3)
Tax paid	0.8	n/m	(1.3)	(3.3)
Capex (PP&E)	(4.0)	+7%	(1.7)	(3.7)
Capex (intangibles)	(0.6)	−82%	(2.2)	(3.3)
Lease principal paid	(1.9)	−17%	(3.1)	(2.4)
Lease interest paid	(0.5)	−2%	(0.3)	(0.5)
Shares issued	0.0	n/m	0.0	0.0

	Latest Jun 26	FY 25
Goodwill	60.5	60.4
Other intangibles	76.6	82.3
Property, plant & equipment	17.9	18.4
Inventories	207.9	185.1
Trade receivables	225.9	201.8
Cash	54.6	54.0
Trade payables	269.6	243.0
Borrowings, current	42.6	37.1
Borrowings, non-current	170.7	163.9
Pension surplus / (deficit)	(2.0)	(2.0)
Total equity	160.7	160.1

	H1 26	H2 25	H1 25
Goodwill	60.5	60.4	59.8
Other intangibles	76.6	82.3	117.7
Property, plant & equipment	17.9	18.4	19.6
Inventories	207.9	185.1	183.8
Trade receivables	225.9	201.8	205.7
Cash	54.6	54.0	39.3
Trade payables	269.6	243.0	230.1
Borrowings, current	42.6	37.1	43.7
Borrowings, non-current	170.7	163.9	164.2
Pension surplus / (deficit)	(2.0)	(2.0)	(2.0)
Total equity	160.7	160.1	176.4

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.