AB Dynamics (ABDP) Trading Update summary

Current trading

• Revenue for the six months ended 28 February 2025 expected at approximately £58m, up 11% year-on-year.

• Strong order growth observed, especially in Asia Pacific and North America.

• Order book continues to build, providing good visibility into the second half.

Financial position

• Net cash at 28 February 2025 expected to be £27.2m, after £4.2m initial payment for Bolab Systems acquisition.

• Cash generation in line with expectations, supporting ongoing investment in growth and acquisitions.

Outlook

• Board remains confident in achieving full-year expectations despite economic and geopolitical uncertainties.

• Growth prospects supported by long-term drivers in active safety, autonomous systems, and vehicle automation.

• Medium-term ambitions include 10% annual organic revenue growth and adjusted operating profit margin expansion toward 20%.

• Adjusted operating profit for FY 2025 expected at £22.2m.