This announcement contains inside information.

GOODWIN PLC

October 2025

Trading Update

Further to the Trading Update on 24^th September, and in light of the strong trading performance across the businesses, the Board considers it appropriate to update shareholders to expect a material increase in the Group's profitability, supported across all divisions.

The Board is pleased to report that it expects, with a high degree of confidence, the trading profit before tax for the financial year ending 30^th April 2026 will be in excess of £71 million, representing a 100% increase compared with the prior year (April 2025 £35.5 million).

The Board remains confident in the Group's ability to continue to grow its activity and profitability based on the Group's product quality and strong order book that, as at the time of writing, stands at £365 million, along with enhanced visibility across multiple key defence and nuclear programmes that are not yet reflected in the order book.

The Group does not ordinarily provide forward guidance and does not intend to change this long-standing policy. However, given the high increase in pre-tax profitability for the year ending April 2026, on this occasion, it was thought appropriate to do so, as it is correspondingly being matched with a similar improvement in cash flow.

All divisions contribute to this performance, although it should be noted that profitability levels and growth trajectories vary across the Group's businesses.  Furthermore, this improved performance in profitability does not include contribution from our advanced Polyimide Division which should start contributing in the next financial year.

Special Interim Dividend

The Board wishes to acknowledge and reward shareholders for their long-term commitment and support of the Company's prior investment programmes that have been integral to achieving these outcomes and in laying the foundations for continued future growth. So, bearing in mind the imminent UK Budget that the Chancellor is announcing on the 26^th November, the Board of Goodwin PLC has declared a special one-off interim dividend of 532 pence per share in addition to the dividend paid earlier this month of 140 pence and the declared dividend to be paid on or around the 10^th April 2026 of 140 pence.

As the Group approaches a zero net debt position, its strong cash generation, limited non-customer-funded capital expenditure and a resilient balance sheet have placed it in a position of financial strength, with surplus funds exceeding those needed for optimal efficiency.

Following payment of the special interim dividend, the Group will continue to have low gearing relative to its peers. The Board remains confident in the Group's ongoing profitability and cash generation, which will support the growth of its existing businesses while also enabling investment in attractive opportunities as they arise.

The special interim dividend will be paid on or around 21^st November 2025 to shareholders on the register at the close of business on 7^th November 2025 (ex-dividend date 6^th November 2025; ISIN: GB0003781050; TIDM: GDWN).

Board Appointments

Goodwin PLC is pleased to announce the appointment to the Board of Adam Deeth as Finance Director and Anthony Thomas as Director, both with effect from 28^th October, 2025.

Adam Deeth joined the Group in 2022 and since 2023 he has worked as Group Chief Accountant. Since joining, Adam has demonstrated strong financial leadership and in-depth understanding of the Group's operations, making him a valuable addition to the Board.

Anthony Thomas joined the Group in 2019 and since 2021 has served as Group General Counsel. Anthony brings extensive legal and commercial experience from his previous roles within major engineering organisations.

Both Adam and Anthony have been active members of the Group's Executive Leadership Team, and their appointments further strengthen the Board's capability and breadth of expertise as the Group continues to progress its strategic objectives.

Any disclosures required under UKLR 6.4.8R in respect of Adam and Anthony will be notified within 5 business days of their appointment dates. 

T.J.W. Goodwin

Chairman

END

LEI: 213800N4T1NMSJ57B322

The person responsible for arranging the release of this announcement is Timothy John William Goodwin, Chairman.

Forward‑looking statements

This announcement includes forward‑looking statements, including with respect to expected trading performance, cash flow and order book conversion. By their nature, forward looking statements involve risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied by those statements. As such, undue reliance should not be placed on forward looking statements. Except as required by applicable law or regulation, Goodwin PLC disclaims any obligation or undertaking to update these statements to reflect events occurring after the date these statements were published.