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Focusrite (TUNE) investor relations material
Focusrite Transition Period summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered resilient performance in line with expectations, overcoming challenges such as channel destocking and market consolidation, and positioning for future growth.
Completed a significant investment cycle, including technology, R&D, and global infrastructure.
Strengthened product portfolio and growing direct-to-consumer presence support ongoing momentum.
Financial highlights
Revenue grew 2.7% year-over-year (OCC), with gross margin up 1.7 percentage points to 45.1%.
Adjusted EBITDA reached £24.7m (+5.7%), with margin improving to 15.0%.
Adjusted diluted EPS at 15.6p; net debt reduced by £9.3m to £8.6m.
Free cash flow of £12.0m, with cash conversion over 50% of EBITDA.
Final dividend increased to 6.74p for the period.
Outlook and guidance
Trading in the first quarter of the new year is ahead of the prior year, with healthy demand across both divisions.
Board expectations for FY27 remain unchanged, with improving operational momentum and margin progression.
Continued focus on operational excellence, cost control, and leveraging recent investments.
- Revenue down 11.2% as Content Creation weakens, but Audio Reproduction grows 14.9%.TUNE
H2 20248 Jul 2026 - Revenue and margins remain strong, with improved net debt and confidence in future growth.TUNE
Trading update19 Mar 2026 - Revenue up 5.2% to £80.9m, margin down, US tariffs managed, outlook steady.TUNE
H1 202528 Nov 2025 - Revenue up 6.6% with strong Content Creation growth, stable margins, and reduced net debt.TUNE
H2 20256 Nov 2025 - FY24 revenue and EBITDA in line, with improved net debt and focus on future growth.TUNE
Trading Update13 Jun 2025 - HY25 revenue up, net debt rises on tariff prep, EBITDA guidance unchanged.TUNE
Trading Update6 Jun 2025
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