Filtronic (AIM:FTC) Trading update summary

Financial outlook

• Expects to exceed market expectations for both FY2025 and FY2026, driven by strong trading performance and new programme wins.

• Investments in manufacturing capacity are now fully online, supporting increased customer demand and higher revenue.

• Anticipates stronger revenue and adjusted EBITDA in H2 FY2025, surpassing current year market expectations.

• Strengthened performance in FY2025 is expected to continue into FY2026 as new and existing customer programmes ramp up.

Strategic initiatives and market positioning

• Continued investment in engineering and manufacturing has enabled scaling to meet growing demand in defence and space markets.

• New programmes across defence and space are contributing to financial progress and future opportunities.

• Leadership expresses confidence in business trajectory and ability to capitalise on future opportunities.