AB Dynamics (ABDP) Trading Update summary

Current trading

• Trading momentum remains positive, with performance in the first four months of FY 2025 meeting expectations.

• Strong order intake observed, especially in Asia Pacific and North America, with tenders submitted for long-term contracts in China.

• Solid order book provides good visibility into the second half of the year.

• Integration of Bolab Systems is progressing as planned.

Financial position

• Net cash at 31 December 2024 was £23.2m, down from £28.6m at 31 August 2024, reflecting the £4.2m payment for Bolab Systems.

• Strong cash position and ongoing cash generation support investment in organic growth and acquisitions.

Outlook

• Board remains confident in further financial and strategic progress for FY 2025, with expectations unchanged.

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

• Analyst expectations for adjusted operating profit for FY 2025 are £21.9m.