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XP Power reiterates full-year outlook on strong third quarter
(Sharecast News) - XP Power reiterated its full-year outlook on Tuesday, after the London-listed firm saw a "material" improvement in profitability in the third quarter. Updating on trading, the Singapore-headquartered business - which designs and manufacturers power controllers - said the order intake was £55.3m in the three months to 30 September, up 18% on a constant currency basis.
Revenues were unchanged on the same quarter a year ago, but ticked up 3% compared to the previous three months.
The order book as at the end of the quarter was £119.4m.
Net debt rose £2.8m to £60.7m quarter-on-quarter, due to currency movements and planned capital expenditure on the firm's new Malaysia production facility.
Looking ahead, XP Power said: "Our full-year outlook is in line with current market expectations. We have seen a material step-up in profitability in the third quarter, and we expect this to be sustained through the year-end."
Consensus is currently for final adjusted operating profits of between £16.3m and £18.2m.
The group concluded: "The run rates provide increasing confidence going into 2026 in what we expect to remain cautious end-markets."
XP Power supplies original equipment manufacturers in a number of sectors, including semiconductors and industrial technology.
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