Goodwin (GDWN) Trading Update summary

Trading performance

• Profitability and cash generation are improving, mainly due to higher activity in the Mechanical Engineering Division.

• Refractory Engineering Division performance remains consistent with the previous year.

Contract wins and workload

• Goodwin Steel Castings secured additional contracts for naval hull components, increasing the group workload to £298 million by end of August.

Radiography facility expansion

• US Government awarded $14.5 million in grant funding for four new High Power 9 Mev radiographic facilities at GSC.

• New facilities will boost capacity for high integrity casting testing and are expected to be operational by end of 2025.

• These will complement two existing 24/7 radiography facilities at GSC.