Trading Update

Videndum plc (the "Company" or the "Group") today provides an update on trading for the period 1 July 2026 to 31 October 2026 (“the period”); an outlook for the full year ending 31 December 2026 (“FY26”); and the Group’s strategic initiatives, being instituted by its recently appointed Group Chief Executive Officer (“CEO”), Jan Peter Tewes.

Trading

Following a promising July, trading in the subsequent three months of the year was weaker than anticipated, albeit broadly in line with the same period last year. Against a backdrop of continuing geopolitical headwinds, notably the conflict in the Middle East, customer purchasing decisions have been delayed, particularly in relation to recently launched products, and certain customer projects expected to convert into revenue in the second half have been deferred into FY27. In addition, several new product launches have been moved back to later in the year, principally due to component supply constraints.

The production issues at the Group’s Feltre manufacturing facility, highlighted earlier in the year, have now been resolved, however revenue continues to be negatively affected. The Group is actively working with its distribution partners to improve product availability and sales conversion.

The Group continues to maintain good liquidity.

FY26 Outlook

Due to the factors outlined above, the Board now expects FY26 revenue and adjusted EBITDA to be broadly similar to FY25 revenue and adjusted EBITDA.

Strategic initiatives

Since joining in August 2026, Jan Peter Tewes, CEO, has been conducting a strategic assessment of the business, including redefining Videndum's user groups to develop a more granular understanding of market needs and growth prospects. This ongoing analysis is identifying further opportunities to improve operational efficiency and commercial execution.

The Group has also launched a new self-help programme focused on continuing to improve cash generation, reduce inventory and operating costs, as well as driving sustainable growth. This includes moving to a simpler, regionally led structure to optimise the Group’s go-to-market execution. The programme is expected to deliver annualised cost savings by 2028 of approximately £10m at a cost of approximately £3m.

The initiatives within this self-help programme are intended to strengthen the Group's financial position and support progress towards its medium-term ambitions of revenue of £350m and a mid-teens adjusted EBITDA margin.

Commenting, Jan Peter Tewes, CEO, said:

“Trading has fallen short of our expectations, and we recognise shareholders’ disappointment. Our

immediate priorities are cash generation, cost reduction and improved sales conversion.

Since joining, I have been gaining a deeper understanding of our business and markets and continue to identify opportunities to simplify how we operate, strengthen our commercial approach and drive sustainable growth. I see significant potential in Videndum due to our leading brands, innovative products, talented people and strong industry relationships, however, much remains to be done. Our new self-help programme will support these positive attributes through reducing costs as we work to build a stronger and more efficient business.”

We employ around 1,200 people across the world, with facilities in 8 different countries. Videndum plc is listed on the London Stock Exchange, ticker: VID.