Macfarlane Group (MACF) Trading Update summary

Financial performance and outlook

• Full year 2025 adjusted operating profit expected to be about 10% below 2024 due to challenging market conditions.

• Distribution division faces weaker demand, delayed new business, margin pressure, and rising input costs.

• Manufacturing operations show robust performance, especially in aerospace and defence, aided by the Polyformes acquisition.

• Pitreavie acquisition anticipated to benefit from seasonal demand and internal sales in H2 2025.

• Net bank debt remains well within the £40m facility.

Strategic actions and management focus

• Focus remains on recovering cost increases and implementing further cost-saving measures.

• Strong new business pipeline conversion is a key priority for the remainder of 2025.

• Share buyback programme will continue as planned.

• Board expresses confidence in the strengthened sales team and differentiated customer proposition.

• Further update to be provided with interim results on 28 August 2025.