TRADING UPDATE and NOTICE OF RESULTS
Xaar plc has released a trading update indicating that trading is in line with expectations for the year ending December 31, 2025, with revenue expected to be second-half weighted. New orders are being driven by a major customer launching a desktop 3D printer. However, a review of local tax compliance revealed previously unidentified tax liabilities in an overseas jurisdiction. The aggregate tax liability is expected to be in the range of £3 million to £4 million, which the Group is well-capitalized to settle over the next two years. The company will announce its full-year results on or around March 24, 2026. Ben Stocks has joined the Company as Chairman and Independent Non-Executive Director.
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TRADING UPDATE
and
NOTICE OF RESULTS
Xaar plc ("Xaar" or "the Group"), the leading inkjet printing technology group, announces an update on current trading.
Xaar announced its interim results on 12 August 2025 setting out that revenue was expected to be second half weighted with order volumes growing steadily throughout the year. Since that announcement, confidence has increased with trading continuing in line with the plans and the Board's expectations for the year ending 31 December 2025 remain unchanged.
Xaar's strength is its attractive value proposition centred around the ability to jet highly viscous liquids, which has the potential to open up new markets of significant scale. The Group's financial performance will be driven by the maturing of recent product launches into these markets and the exact timing of new ones. All new market initiatives are progressing as anticipated. Part of this growth is now being driven by new orders from a major customer for the launch of its desktop 3D printer, a new segment opportunity that has the potential to develop revenues in the same way wax jetting did earlier in 2025.
Following a detailed review of local tax compliance practices by the management team, it has come to the attention of the Board of Directors that the Group has certain previously unidentified tax liabilities to settle in an overseas jurisdiction. The amounts are historic and are not expected to impact future trading. The aggregate liability is expected to be in the range of £3 million to £4 million and the Group is well capitalised to meet these tax payments which are expected to be settled over the next two years.
Further to the announcement on 5 August 2025 the Company confirms that Ben Stocks has today joined the Company as Chairman and Independent Non-Executive Director.
Ben Stocks commented: "Although disappointing, the tax liability does not change my optimism for a business full of opportunity. With a unique proposition, Xaar has the potential for significant growth in new and sizable markets. The company is indebted to Andrew Herbert who successfully steered the business through a renewal agenda: strengthening the Board; developing new products; and enabling access to these new markets. He leaves Xaar revitalised and well positioned for growth."
Notice of results
The Company announces that it will announce its results for the year ending 31 December 2025 on or around 24 March 2026.
The information contained within this announcement is deemed by Xaar 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) ("MAR"). On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.