Robinson (RBN): 2026 profit guidance

This situation live

£20m · 112.5p · −12% since the first step

5 Mar 2026 · Slightly lower profit reaffirmed; in line with market expectations · +9% until the next step We expect underlying operating profit for the 2026 financial year to be in line with current market expectations.

Upgrade / downgrade cycle

2026 profit guidance

2026 confirmed; FY2027 flat before mitigation

Next: mitigation of FY2027 contract loss; FY2026 outcome

Every step · 5

23 Dec 2025 2026 underlying operating profit guided slightly lower – Notwithstanding an anticipated overall increase in revenue, the Company expects underlying operating profit* in 2026 to be slightly lower than 2025, due to: ↗
5 Mar 2026 Slightly lower profit reaffirmed; in line with market expectations – We expect underlying operating profit for the 2026 financial year to be in line with current market expectations. ↗
21 May 2026 Limited impact so far; costs expected later – The Group is monitoring developments closely and is seeking to mitigate these effects through temporary pricing adjustments, surcharges and procurement... ↗
20 Aug 2026 Now hitting margins and working capital – The Middle East crisis has increased input costs and constrained material availability, resulting in significantly higher working-capital requirements. ↗
25 Sep 2026 2026 confirmed; FY2027 flat before mitigation – At this stage, excluding the benefit of any such mitigations, the Board now anticipates that FY2027 profitability will be broadly in line with FY2026. ↗

What is happening

Robinson: 2026 profit guidance – 2026 confirmed; FY2027 flat before mitigation. ['2026 confirmed; FY2027 flat before mitigation']

In short: Guidance was lowered in December 2025 and again on 20 August 2026 to £2.2m-£2.6m underlying operating profit after Middle East cost pressure. On 25 September the Board says 2026 is in line with expectations, but a contract worth about £3.3m revenue and £1.0m gross profit will not be renewed from end-December 2026. FY2027 profit is guided broadly flat on FY2026 before mitigation.
Announced: 23 Dec 2025 · 2026 underlying operating profit guided slightly lower
Latest: 25 Sep 2026 · 2026 confirmed; FY2027 flat before mitigation
2026 guidance: Underlying operating profit in line with market expectations
Contract revenue: approximately £3.3m annual revenue
Gross profit hit: £1.0m annual contribution to gross profit
Contract end: End of December 2026, not renewed
FY2027 view: Broadly in line with FY2026, excluding mitigations
Customer relationship: Continues to supply a range of products across its factory network

mitigation of FY2027 contract loss; FY2026 outcome.

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

Also at Robinson 2 open