3

30 April 2025

TRIFAST PLC

Trading Update & Notice of FY25 Annual Results

Full year performance in line with profit expectations and on track with our medium-term

Recover, Rebuild, Resilience strategy

Trifast plc ('Trifast' or the 'Group', LSE: TRl.L), the international specialist in the design, engineering, manufacture, and distribution of high-quality engineered fastenings, today announces an unaudited Trading Update for the year ended 31 March 2025 ('FY25'), ahead of the publication of its final results in July 2025.

Trading Update

The Group is pleased to report that it delivered a strong performance, underpinned by continued focus on its strategic self-help initiatives. The Group expects to report revenues for FY25 of £223.0m, with adjusted EBIT in line with expectations¹ at approximately £14.8m, which represents an improving margin of c.6.6%. The Group achieved its targeted cost savings for FY25 of c.£3.0m, with further initiatives identified which will drive incremental benefits in FY26 and beyond.

The balance sheet has continued to strengthen through disciplined and focused actions on working capital and cash generation, resulting in a net debt to EBITDA ratio of circa 1.0x at the year end.

Whilst the macroeconomic backdrop is evolving and remains uncertain, we are confident of delivering further performance improvement through management actions and remain well positioned for growth within our target sectors. As a result, we are confident in the fundamentals of our business model and in our ability to deliver against our medium-term margin and returns targets².

The recent tariff changes have significantly impacted global market dynamics, leading to increased volatility, heightened trade tensions, and economic uncertainty. These changes have particularly affected industries such as automotive and manufacturing, prompting companies to reassess their strategies. Our geographic diversification and global manufacturing footprint ensure that we have a highly resilient platform, well-positioned to support our customers who may be cautious about making short-term supply decisions. We have informed our customers that we intend to pass through the incremental costs resulting from tariff changes and will work closely with them to navigate these challenges, ensuring the protection of their supply chain and continuity of supply. We believe that our robust positioning and the critical role our components play within complex supply chains will enable us to minimise any adverse impact on shareholder value.

Notice of FY25 Annual Results

We expect to announce FY25 Annual Results in July 2025.

Iain Percival, CEO of Trifast, said:

"We have delivered the first stage of our Recover, Rebuild, Resilience transformation through significant organisational change and strategic self-help actions. The balance sheet is in good shape, margins are steadily improving, and new business is being won in our targeted high-growth sectors. We remain ever mindful of the evolving backdrop but are confident that through our own actions we can deliver increasing profits. This would not have been possible without the support of our excellent employees to whom I am extremely grateful."

Notes:

¹Consensus forecasts for FY25 prior to this announcement were: revenue of £234.5m, adjusted EBIT of £14.6m, and adjusted PBT of £10.2m

² Medium-term margin and returns targets are EBIT margin (CER) of >10% and underlying ROCE of >12%                 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK

domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under

Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to

be in the public domain.