Trifast returns to profit in full-year results

(Sharecast News) - Trifast reported a return to profit for the year ended 31 March on Thursday, with full-year results in line with expectations and underpinned by improved margins and strong progress on its 'recover, rebuild, resilience' strategy. The London-listed company posted a profit before tax of £4.9m, reversing a £0.8m loss in 2024, as underlying EBIT rose to £15.6m and the EBIT margin expanded to 6.8%.

Group revenue declined 2.7% on a constant currency basis to £227.4m, reflecting ongoing weakness in industrial markets across the UK and Europe.

However, that was partly offset by growth in the smart infrastructure sector and improved performance in key North American markets.

Trifast said it achieved £3m in cost savings during the year and reduced its adjusted net debt to EBITDA ratio to 0.97x from 1.30x, supported by working capital and cash management.

Underlying profit before tax rose by £4.5m to £11.0m, and return on capital employed improved to 8.1% from 5.7%.

The company maintained its dividend at 1.8p per share, citing a focus on long-term margin enhancement and capital discipline.

Operational highlights included progress in all four of its strategic initiatives - margin management, focused growth, operational efficiency, and organisational effectiveness - and continued momentum in its core end markets.

"We continue to effectively navigate the current global challenges and economic conditions by focusing on our key objectives of margin management, focused growth, organisational effectiveness and operational efficiency, all of which are supporting improved returns despite the mixed demand backdrop," said CEO Iain Percival.

Looking ahead, Trifast warned of continued headwinds in the first quarter of the 2026 financial year, citing macroeconomic softness, US steel and aluminium tariffs, and a weaker US dollar.

Nevertheless, the company highlighted its global manufacturing footprint and customer integration as strengths that would help it weather current disruptions and remain on track to achieve its medium-term target of an EBIT margin above 10%.

The group also reaffirmed its intention to pursue bolt-on acquisitions in targeted end markets to drive further growth.

At 1147 BST, shares in Trifast were up 1.47% at 69p.

Reporting by Josh White for Sharecast.com.