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Volex plc issued a trading update on 07 August 2025 for the three months ended 30 June 2025, reporting a 10.4% year-on-year increase in Q1 FY2026 constant currency organic revenue. The company also held its Annual General Meeting on 07 August 2025 and closed one legacy site acquired with the Murat Ticaret acquisition, transitioning all operations to other facilities within Türkiye.
| Date | 7 Aug 2025 |
| Time | 07:00:07 |
| Category | AGMs and other meetings |
| ID | 3095U |
7 August 2025
Volex plc
("Volex", the "Company", or the "Group")
AGM Statement
Strong trading momentum continues into FY2026
Q1 provides confidence in achieving full year expectations
Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to report a trading update for the three months ended 30 June 2025, ahead of the Company's annual general meeting, being held at 2.00 pm today.
Positive start to financial year underpins full year expectations
Volex has delivered a strong start to the new financial year, with the first-quarter trading performance in line with management's expectations. The positive momentum outlined at the Group's FY2025 results has continued into FY2026, despite uncertain macroeconomic conditions, reinforcing confidence in the strategy and outlook for the full year.
Q1 FY2026 constant currency organic revenue increased by 10.4% year-on-year. This strong growth reflects the continued momentum in the Electric Vehicles and Complex Industrial Technology end-markets, notably among Data Centre customers, as well as good growth in Off-Highway.
Operational execution
We continue to collaborate closely with our global customers to support their supply chain relocation strategies, navigating the evolving tariff landscape with agility.
As part of the ongoing integration of Murat Ticaret and the associated profitability enhancement initiatives, we have successfully closed one of the legacy sites acquired with the acquisition. All operations have been fully transitioned to other facilities within Türkiye, with no disruption to customers. This site consolidation will improve customer service and deliver operational efficiencies.
Outlook
The encouraging performance in the first quarter, coupled with a pipeline of commercial opportunities, underpins the Board's confidence in Volex's ability to meet its FY2026 expectations. We remain well-positioned to make further progress towards the delivery of our five-year strategic plan and to drive continued value creation for shareholders.
-ENDS-
For further information please contact:
Nat Rothschild, Executive Chairman investor.relations@volex.com
Jon Boaden, Chief Financial Officer
Peel Hunt LLP - Nominated Adviser & Joint Broker +44 (0) 20 7418 8900
Ed Allsopp
Dom Convey
Tom Graham
Jefferies - Joint Broker +44 (0) 20 7029 8000
Philip Noblet
Sam Barnett
Harry Le May
Sodali & Co. - Media Enquiries +44 (0) 20 7250 1446
James White
Nicholas Johnson
Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 25 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations. Our extraordinary products find their way to market through our localised sales teams and authorised distributor partners, supporting Original Equipment Manufacturers and Electronic Manufacturing Services companies across the globe. In a world that grows more digitally complex by the day, customers trust us to deliver power and connectivity that drives everything from household essentials to life-saving medical equipment. Learn more at www.volex.com.
This announcement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the announcement. Forward-looking statements should be regarded with caution as, by their nature, such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events.