AGM Statement

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to report a trading update for the three months ended 30 June 2025, ahead of the Company's annual general meeting, being held at 2.00 pm today.

Positive start to financial year underpins full year expectations

Volex has delivered a strong start to the new financial year, with the first-quarter trading performance in line with management's expectations. The positive momentum outlined at the Group's FY2025 results has continued into FY2026, despite uncertain macroeconomic conditions, reinforcing confidence in the strategy and outlook for the full year.

Q1 FY2026 constant currency organic revenue increased by 10.4% year-on-year. This strong growth reflects the continued momentum in the Electric Vehicles and Complex Industrial Technology end-markets, notably among Data Centre customers, as well as good growth in Off-Highway.

Operational execution

We continue to collaborate closely with our global customers to support their supply chain relocation strategies, navigating the evolving tariff landscape with agility.

As part of the ongoing integration of Murat Ticaret and the associated profitability enhancement initiatives, we have successfully closed one of the legacy sites acquired with the acquisition. All operations have been fully transitioned to other facilities within Türkiye, with no disruption to customers. This site consolidation will improve customer service and deliver operational efficiencies.

Outlook

The encouraging performance in the first quarter, coupled with a pipeline of commercial opportunities, underpins the Board's confidence in Volex's ability to meet its FY2026 expectations. We remain well-positioned to make further progress towards the delivery of our five-year strategic plan and to drive continued value creation for shareholders.