Titon Holdings
TON · AIM · Construction and Materials · mcap £9.0m · 77.5p
Titon designs and makes ventilation systems and window and door hardware, mainly for UK and European housebuilding. It owns its Haverhill factory in Suffolk.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 12 Aug 26 | Trading update | Trading Statement
FY26 revenue expected £17m (7.5% growth) with underlying EBITDA £0.3m; MVS projects delayed, WDH sales subdued. |
−10.5% |
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FY26 Revenue £17mRevenue growth around 7.5%Underlying EBITDA £0.3mCash balances £2.2mMVS revenue growth expected mid-to-high-teens percentageDebt nil
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| 07 Aug 26 | Director dealing | Director/PDMR Shareholding | |
| 14 Jul 26 | Notification of Shareholdings
Shares from late John Anderson's estate transferred to Tyson Anderson and Kimberly Anderson on 6 July 2026. |
+0.0% | |
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Tyson Anderson beneficial ownership 434,451 shares (3.86%)Kimberly Anderson beneficial ownership 487,451 shares (4.33%)Total shares transferred 868,902 shares
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| 01 Jun 26 | Acquisition
Titon acquired G-Pack Manufacturing for £1.0 million in cash to expand window and door hardware products. |
+3.3% | |
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Consideration paid £1.0mG-Pack FY2025 revenue £1.3mG-Pack FY2025 EBITDA £0.19mG-Pack FY2025 profit before tax £0.18mG-Pack net assets £0.3m (30 November 2025)
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| 30 Apr 26 | Results | Half-year Results
H1 2026 revenue £8.1m up 5.6% but underlying EBITDA turned negative at £0.03m loss. |
+0.0% |
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ahead of Board's expectations expectations Revenue £8.1m (£7.6m)Revenue growth 5.6%Gross profit margin 29.3% (30.1%)Underlying EBITDA (£0.03m) (£0.26m)Operating loss before tax (£0.43m) ((£0.18m))Net cash £3.1m (£3.5m)
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| 17 Apr 26 | Notice of Interim Results & Investor Presentation
Titon will announce interim results for six months to 31 March 2026 on 30 April 2026. |
+3.4% | |
| 20 Mar 26 | Routine | Result of AGM | |
| 19 Mar 26 | Trading update | AGM Trading Update
H1 FY26 revenue 3% ahead year-on-year; full-year profits anticipated in line with Board expectations. |
−2.9% |
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in line expectations H1 FY26 revenue vs prior year approximately 3% ahead
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| 23 Feb 26 | Results | 2025 Annual Report and Notice of AGM
2025 annual report and AGM notice posted to shareholders; AGM scheduled for 19 March 2026. |
+0.0% |
| 15 Jan 26 | Results | Annual Report
FY25 revenue grew 2.1% to £15.8m with gross margin expanding to 32.9% and underlying EBITDA improving to £811k from £5k. |
−5.1% |
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in line with expectations expectations Revenue £15,806k (£15,476k)Gross profit margin 32.9% (28.0%)Underlying EBITDA £811k (£5k)Year-end net cash £3,516k (£2,281k)Sales per employee (FTE) c.£133k (c.£117k)
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| 02 Dec 25 | Director dealing | Director/PDMR Shareholding | |
| 24 Nov 25 | Holding | Holding(s) in Company | |
| 17 Oct 25 | Trading update | Full Year Trading Update
FY25 revenue up 2.1% to £15.8m; mechanical ventilation up 19.4%, hardware down 13.3%. |
−1.6% |
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in line expectations Group revenue £15.8m (£15.5m)Mechanical ventilation revenue £8.6m (£7.2m)Window and door hardware revenue £7.2m (£8.3m)UK mechanical ventilation growth 26.8%Cash £3.5mFactory property valuation £5.8m
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| 29 Sep 25 | Holding | Holding(s) in Company | |
| 29 Sep 25 | Holding | Holding(s) in Company | |
| 14 Jul 25 | Holding | Holding(s) in Company | |
| 11 Jul 25 | Holding | Holding(s) in Company | |
| 07 Jul 25 | Director dealing | Director/PDMR Shareholding | |
| 12 May 25 | Director dealing | Director/PDMR Shareholding | |
| 30 Apr 25 | Results | Unaudited Interim Results to 31 March 2025
H1 2025 results show revenue decline to £7.6m but positive underlying EBITDA of £0.26m and improved margins. |
+0.0% |
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slightly ahead expectations Revenue (continuing operations) £7,647k (£7,824k)Gross profit margin 30.1% (27.5%)Underlying EBITDA £0.26m ((£0.07m) loss)Net cash and cash equivalents £2.9m (£2.3m)Order book in excess of £3m (£1.1m)Mechanical ventilation systems revenue growth 10.9% (H1 2024)
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| 25 Apr 25 | Notice of Interim Results & Investor Presentation
Titon Holdings will announce interim results for six months to 31 March 2025 on 30 April 2025. |
+0.0% | |
| 01 Apr 25 | Holding | Holding(s) in Company | |
| 25 Mar 25 | Routine | Result of AGM | |
| 25 Mar 25 | Trading update | AGM Trading Update
Trading ahead of expectations in first half of FY25 with improved net operating loss and positive cash flow. |
+0.0% |
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ahead expectations Period 1 October 2024 to 24 March 2025Net operating loss trajectory improved compared to last two financial yearsCash flows positive during FY25 to dateOrder book continued to grow throughout first half
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| 18 Mar 25 | Director dealing | Director/PDMR Shareholding | |
| 03 Mar 25 | Results | 2024 Annual Report and Notice of AGM
2024 Annual Report published; AGM scheduled for 25 March 2025. |
+0.0% |
| 23 Jan 25 | Results | Annual Report
FY24 revenue fell 22% to £15.5m amid weak housebuilding; H2 showed improvement with order book doubling. |
+0.0% |
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Revenue £15.5m (£19.8m)Gross profit margin 28.0% (28.4%)Underlying EBITDA £5k (£813k)Underlying loss before exceptionals £0.9m (£0.2m)Cash and equivalents £2.3m (£2.2m)Order book ratio (H2 FY24) 1.13 (0.92)
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| 20 Jan 25 | Routine | Notice of Results and Investor Presentation | |
| 16 Dec 24 | Results | Completion of Disposal and Update on FY24 Results
Completed disposal of South Korean operations for £710,178 net cash; taking £1.3m inventory write-off in FY24. |
+0.0% |
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South Korean entity performed marginally ahead of expectations expectations Net cash proceeds from disposal £710,178Expected inventory write-off £1.3m
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| 29 Oct 24 | Director dealing | Director/PDMR Shareholding | |
| 24 Oct 24 | Commencement of Process to Dispose of Korean Ops
Titon enters conditional agreement to dispose of South Korean operations for £750,000 gross cash consideration. |
+0.0% | |
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Gross cash consideration £750,000Negative contribution to loss (year to 30 September 2023) £645,000Net assets of operations (31 March 2024) £2.1m
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| 03 Sep 24 | Board change | Non-Executive Board Change
Nick Howlett, Non-Executive Director, stepped down from the Board effective immediately. |
+0.0% |
| 19 Jul 24 | Director dealing | Grant of options and Director/PDMR Shareholding | |
| 11 Jul 24 | Trading update | Trading Update and Board Change
Full-year results expected below prior expectations due to slow market demand and construction delays; cost reduction actions initiated. |
−12.5% |
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below expectations Cash £2.1mVentilation Systems order book growth 18% since start of calendar year
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| 15 May 24 | Results | Half-year Results
Revenue fell 24.6% to £9.1m in H1 2024 due to weak housing market; EBITDA loss of £0.25m, dividend paused. |
−11.8% |
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Revenue £9.1m (£12.1m)EBITDA £0.25m loss (£0.1m profit)Loss before tax £0.7m (£0.45m)Cash balance £2.2m (£2.2m)UK and Europe sales decline 28.6%Loss per share 5.46p (2.86p)
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| 25 Apr 24 | Notice of Interim Results & Investor Presentation
Company will announce interim results for six months to 31 March 2024 on 15 May 2024. |
+0.0% | |
| 17 Apr 24 | Holding | Holding(s) in Company | |
| 02 Apr 24 | Holding | Holding(s) in Company | |
| 27 Mar 24 | Routine | Result of AGM | |
| 26 Mar 24 | Trading update | AGM Trading Update
H1 FY24 sales declined in UK/Europe new build market; Korea losses greater than expected; H2 return to profitability anticipated. |
−3.2% |
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Korea sales in line but at lower margins; overall Korea loss greater than expected expectations Net cash position £2.1mHaverhill freehold valuation £5.4m (September 2022)
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| 27 Feb 24 | Director dealing | Director/PDMR Shareholding | |
| 26 Feb 24 | 2023 Annual Financial Report and Notice of AGM
2023 annual report and notice of AGM posted to shareholders; AGM scheduled for 26 March 2024. |
−1.2% | |
| 25 Jan 24 | Annual Financial Report year ended 30 Sept 2023
Revenue up 1.1% to £22.33m, underlying EBITDA improved to £0.43m, but group loss widened and dividend halved. |
−11.1% | |
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Net revenue £22.33m (£22.09m)Underlying EBITDA £0.43m (£0.14m)Underlying group loss before tax £0.80m (£0.60m)Loss per share 6.01p (3.89p)Net cash £2.24m (£1.73m)Full year dividend per share 1.0p (2.0p)
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| 19 Jan 24 | Investor Presentation via Investor Meet Company
Titon to host investor presentation on final results for year ended 30 September 2023. |
+0.0% | |
| 22 Dec 23 | Board change | Confirmation of Board Appointment
Jamie Brooke appointed as Non-Executive Chair, effective 2 January 2024; Paul Hooper becomes Senior Independent Director. |
+0.0% |
| 05 Dec 23 | Holding | Holding(s) in Company | |
| 04 Dec 23 | Trading update | Trading Update
UK and Europe trading exceeded expectations; South Korean business declined; cash position strengthened to £2.2m. |
+0.0% |
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UK and Europe surpassed expectations; South Korea below expectations expectations Group cash £2.2m (£1.6m)Period covered Year to 30 September 2023
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| 29 Nov 23 | Board change | Non-Executive Director Changes
Non-Executive Chair Keith Ritchie to retire 28 February 2024; Paul Hooper becomes Interim Chair; Jamie Brooke appointed as Non-Executive Director. |
+14.3% |
| 22 Nov 23 | Board change | Appointment of CEO
Tom Carpenter appointed CEO to start 23 April 2024, joining from Belden Inc. |
+0.0% |
| 06 Oct 23 | Routine | Exercise of Options and Total Voting Rights | |
Company filings. Not investment advice.