Velocity Composites
VEL · AIM · Industrial Goods and Services · mcap £8.9m · 16.2p
Velocity Composites cuts and packs composite materials into ready-to-use kits for aircraft makers, mainly for Airbus A350 wings, military programmes and US engine work. It operates from the UK and a US facility.
- Revenue
- £20.7m
- Operating profit
- –
- Net income
- −£1.5m
- Free cash flow
- £429k
- Net cash
- £473k
- Market cap
- £8.7m
- EV / EBIT
- –
- FCF yield
- +4.9%
- Price / book
- 2.1×
- Net income
- −£1.0m prior −£574k
- Cash from operations
- £1.2m +88%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 Apr 26 (six months to 30 Apr 26), published 24 Jun 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Apr 26 | FY Oct 25 | FY Oct 24 | FY Oct 23 | |
|---|---|---|---|---|
| Revenue | – | 20.7 | 23.0 | – |
| Adjusted EBITDA | 0.8 | 1.0 | 0.4 | (1.6) |
| Depreciation (owned assets) | 0.4 | 0.4 | 0.4 | 0.3 |
| Depreciation (right-of-use) | 0.7 | 0.6 | 0.5 | 0.5 |
| Amortisation | 0.3 | 0.3 | 0.2 | 0.1 |
| Share-based payments | 0.5 | 0.4 | 0.1 | 0.2 |
| Finance costs | (0.3) | (0.3) | 0.4 | 0.3 |
| Tax | – | (0.1) | (0.5) | – |
| Net income (owners) | (1.5) | (1.1) | (0.8) | (3.1) |
| H1 Apr 26 | vs H1 Apr 25 | H2 Oct 25 | H1 Apr 25 | H2 Oct 24 | H1 Apr 24 | H2 Oct 23 | |
|---|---|---|---|---|---|---|---|
| Adjusted EBITDA | 0.1 | −68% | 0.7 | 0.3 | 0.5 | (0.2) | (0.7) |
| Depreciation (owned assets) | 0.2 | −5% | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Depreciation (right-of-use) | 0.3 | +25% | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Amortisation | 0.2 | +20% | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Share-based payments | 0.1 | n/m | 0.3 | 0.0 | 0.0 | 0.1 | 0.1 |
| Finance costs | (0.1) | −22% | (0.2) | (0.2) | 0.2 | 0.2 | 0.2 |
| Net income (owners) | (1.0) | n/m | (0.5) | (0.6) | (0.2) | (0.7) | (1.7) |
| H1 Apr 26 | vs H1 Apr 25 | H2 Oct 25 | H1 Apr 25 | H2 Oct 24 | H1 Apr 24 | H2 Oct 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | 1.2 | +88% | 0.4 | 0.6 | 0.8 | (0.5) | (2.4) |
| Interest paid | (0.1) | −22% | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) |
| Capex (PP&E) | (0.1) | −75% | (0.1) | (0.2) | (0.2) | (0.0) | (0.5) |
| Capex (intangibles) | (0.1) | −73% | (0.2) | (0.3) | (0.2) | (0.2) | (0.5) |
| Lease principal paid | (0.3) | +4% | (0.4) | (0.3) | (0.2) | (0.3) | (0.3) |
| Shares issued | – | – | – | – | – | 0.0 | 6.6 |
| Latest Apr 26 | FY Oct 25 | FY Oct 24 | FY Oct 23 | |
|---|---|---|---|---|
| Other intangibles | 1.0 | 1.1 | 1.0 | 0.9 |
| Property, plant & equipment | 1.6 | 1.8 | 1.9 | 2.1 |
| Inventories | 1.9 | 2.1 | 2.5 | 2.7 |
| Trade receivables | 2.8 | 3.0 | 4.0 | 3.7 |
| Cash | 0.7 | 0.4 | 3.7 | 3.2 |
| Current assets | 5.3 | 5.5 | 8.1 | 9.6 |
| Total assets | 9.4 | 10.3 | 12.8 | 14.7 |
| Trade payables | 3.2 | 2.5 | 3.9 | 4.6 |
| Borrowings, current | 0.2 | 0.4 | 0.5 | 0.5 |
| Lease liabilities, current | 0.7 | 0.7 | 0.6 | 0.5 |
| Current liabilities | 4.1 | 3.7 | 5.0 | 5.6 |
| Borrowings, non-current | 0.0 | 0.1 | 0.5 | 1.0 |
| Lease liabilities, non-current | 0.9 | 1.2 | 1.3 | 1.6 |
| Total liabilities | 5.2 | 5.2 | 6.9 | 8.1 |
| Total equity | 4.2 | 5.1 | 5.9 | 6.6 |
| Net cash / (debt) ex leases | 0.5 | (0.1) | – | – |
| Undrawn facilities | 3.0 | – | – | – |
| H1 Apr 26 | H2 Oct 25 | H1 Apr 25 | H2 Oct 24 | H1 Apr 24 | H2 Oct 23 | |
|---|---|---|---|---|---|---|
| Other intangibles | 1.0 | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 |
| Property, plant & equipment | 1.6 | 1.8 | 1.8 | 1.9 | 1.9 | 2.1 |
| Inventories | 1.9 | 2.1 | 2.4 | 2.5 | 2.1 | 2.7 |
| Trade receivables | 2.8 | 3.0 | 2.7 | 4.0 | 3.5 | 3.7 |
| Cash | 0.7 | 0.4 | 1.2 | 3.7 | 1.8 | 3.2 |
| Current assets | 5.3 | 5.5 | 6.3 | 8.1 | 7.8 | 9.6 |
| Total assets | 9.4 | 10.3 | 11.3 | 12.8 | 12.5 | 14.7 |
| Trade payables | 3.2 | 2.5 | 2.8 | 3.9 | 3.5 | 4.6 |
| Borrowings, current | 0.2 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 |
| Lease liabilities, current | 0.7 | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 |
| Current liabilities | 4.1 | 3.7 | 4.1 | 5.0 | 4.5 | 5.6 |
| Borrowings, non-current | 0.0 | 0.1 | 0.2 | 0.5 | 0.7 | 1.0 |
| Lease liabilities, non-current | 0.9 | 1.2 | 1.5 | 1.3 | 1.3 | 1.6 |
| Total liabilities | 5.2 | 5.2 | 6.0 | 6.9 | 6.5 | 8.1 |
| Total equity | 4.2 | 5.1 | 5.3 | 5.9 | 6.0 | 6.6 |
| Net cash / (debt) ex leases | 0.5 | (0.1) | – | – | – | – |
| Undrawn facilities | 3.0 | – | – | – | – | – |
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.