THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

23 April 2026

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Trading Update for the six months ended 31 March 2026 and Notice of Results

Improved year-on-year performance; strategic priorities advanced

Oxford Metrics plc (LSE: OMG), the smart sensing and software company servicing life sciences, entertainment, engineering and manufacturing markets, issues the following unaudited trading update for the six months to 31 March 2026.

On 16 December 2025, Oxford Metrics changed its accounting reference date to 31 December, from 30 September. FY26 is therefore an extended 15-month period running from 1 October 2025 to 31 December 2026 ("FY26"). This trading update covers the first six months of FY26 ended 31 March 2026. Under the Group's previous reporting calendar, this would have been the half-year reporting period. It is reported against the equivalent prior-year period.

Trading Update

The Group reports an improved trading performance in the first six months of FY26 and continued execution across both divisions.

The Group expects to report revenue for the period of £20.7m (prior-year period: £20.1m). Underlying margins remained robust, with continued cost discipline supporting a modestly improved Adjusted LBIT* versus prior year period.

Management expectations for FY26 remain unchanged. As previously noted, FY26 is an extended 15-month period and, consistent with the Group's historical trading pattern, a greater weighting of performance is expected in the six months to 30 September 2026.

Vicon, the Motion Capture division's trading brand, delivered pleasing revenue growth versus the prior-year period. Whilst conditions in US academic and entertainment markets remained broadly unchanged, encouraging demand across core industries in other territories and emerging geographies resulted in several significant contract wins, including in Eastern Europe, Japan and India.

With effect from 1 March 2026, Sempre and IVS were unified as Industrial Vision and Metrology Systems Limited (IVMS), the Smart Manufacturing trading brand. The Board expects the efficiency and margin benefits of the new structure to build progressively through the rest of FY26 and beyond, as execution improves and order-to-revenue conversion strengthens.

In IVMS, solid underlying demand has underpinned a number of new business wins across target sectors. However, heightened macroeconomic uncertainty has recently affected the timing of certain orders and led some customers to defer project starts beyond this period end. While this has led to a softer result in the first six months, these opportunities underpin delivery over the remainder of FY26.

Cash conversion remained strong, with a net cash position of £31.7m as at 31 March 2026, after share buybacks and payment of the dividend, providing flexibility for organic and inorganic growth initiatives.

Notice of Results

The Group expects to report unaudited interim results for the six months ended 31 March 2026 on 17 June 2026. Alongside the interim results, the management team will present an update on the Group's refined strategy, including its approach to capital allocation and its three-year framework.

Imogen O'Connor, CEO of Oxford Metrics, commented:

"The first six months of FY26 reflect healthy progress across Oxford Metrics, with particularly strong performance in Motion Capture, where we have secured several significant international contract wins and continue to see encouraging demand across our markets. While US activity remains broadly in line with last year, our increasingly diversified global footprint is supporting resilience and growth.

In Smart Manufacturing, the formation of Industrial Vision and Metrology Systems represents an important step in strengthening execution, improving efficiency and margins, and laying the foundations for a more scalable, product-led business. As expected, the benefits of this integration will build over time, and we remain focused on improving order-to-revenue timing and margins.

Whilst cognisant of evolving macroeconomic conditions, our growing pipeline and planned, targeted product launches give us confidence in further progress through FY26, supported by continued structural demand for precise motion and measurement data across all our markets.  We remain disciplined in our approach, focused on delivery, and committed to building a more predictable and profitable platform for long-term growth."

* Adjusted LBIT is loss before interest and tax, adjusted for share-based payment charges, amortisation of acquired intangibles, and early exit lease costs.

Contacts

About Oxford Metrics

Oxford Metrics (LSE:OMG) is a smart sensing and measurement technology Group that serves thousands of customers in more than 70 countries. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, moved into engineering and more recently, manufacturing. We have a strong track record of creating value by incubating, growing, and then augmenting through acquisition, unique technology businesses.

The Group trades through two divisions; in motion capture its market-leading company Vicon Motion Systems provides motion measurement systems and analysis to thousands of customers worldwide in healthcare, entertainment, and engineering markets. In manufacturing, Industrial Vision and Metrology Systems is a specialist in machine vision software and measurement technology for high precision, automated quality control systems trusted by blue-chip, manufacturing companies in medical devices, pharmaceuticals, performance engineering, advanced semiconductors, automotive and aerospace.

The Group is headquartered in Oxford with offices in the United Kingdom, Ireland, United States and Germany.

For more information about Oxford Metrics, visit www.oxfordmetrics.com.