Post-Close Trading Update
FY25 results ahead of expectations with stronger Aerospace trading and net debt reduced to below £80m.
vs expectations: ahead
- Expected adjusted profit before tax comfortably above previous expectations
- Net debt (pre-IFRS 16) below £80m (prior £153m)
- FY25 leverage (net debt to EBITDA, pre-IFRS 16) below 1.0x (prior 1.8x)
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Senior plc ("Senior" or the "Group"), an international manufacturer of high technology components and systems, today issues this trading update for the year ended 31 December 2025 (the "Period") for the Group's continuing operations.
Strong performance ahead of expectations
Following the November trading update we have seen stronger than expected trading, notably in Aerospace, such that we now expect full year adjusted profit before tax(1) to be comfortably above previous expectations.
Since the trading update, we have taken action and reduced our cost base in certain Flexonics operations. The related restructuring costs are treated as adjusting items and will be announced at our full year results.
As a result, the Board anticipates full year 2025 Group performance to be comfortably above previous expectations. While it is still early in the year, trading in January 2026 has started well.
Strengthened balance sheet
The initial cash proceeds from the sale of the Aerostructures business along with strong cash generation has supported deleveraging, with net debt anticipated to be below £80m (pre- IFRS 16) at the end of FY25 (FY24: £153m). FY25 leverage is expected to be below 1.0x net debt to EBITDA (pre- IFRS 16) down from 1.8x at the end of 2024.
In addition, the Group completed a Buy-In transaction on its UK defined benefit pension scheme in FY25 which has de-risked the balance sheet.
The Group will publish its full year results for the year ended 31 December on 2 March 2026.
Notes
- We measure Group performance on an adjusted basis, which excludes items that do not directly reflect the underlying trading performance in the period.
The Group's principal foreign exchange translation exposure is to the US Dollar. The average US Dollar to Pound Sterling exchange rate for the full-year 2025 was $1.31.
All FY25 figures are subject to audit.
The information contained within this announcement is deemed by Senior to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. For the purposes of MAR, this announcement is being made on behalf of Senior by Andrew Bodenham, Company Secretary.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.