Luceco (LUCE) Q3 2025 TU earnings summary

Executive summary

• Achieved double-digit revenue growth in Q3 2025, driven by strong EV charger sales and growth in most other categories.

• Third consecutive quarter of sequential revenue growth, with like-for-like revenue up approximately 10% year-over-year.

• Full-year adjusted operating profit now expected towards the upper end of market expectations, supported by a robust order book for Q4.

Financial highlights

• Q3 2025 revenue increased by 19.5% compared to Q3 2024.

• Like-for-like revenue growth of about 10% in Q3 2025; year-to-date like-for-like growth of approximately 5%.

• EV charging products saw like-for-like revenue growth of 64% year-over-year.

• Operating margin improved by 40bps in Q3 2025 compared to Q3 2024.

Outlook and guidance

• Full-year adjusted operating profit expected to be at the upper end of the £30.5m–£32.5m range.

• Strong order book for Q4 2025 underpins confidence in continued growth.

• Long-term growth expected to be above market, driven by electrification trends and competitive advantages.