Rosebank Industries (ROSE) H1 2025 earnings summary

Executive summary

• Completed acquisition of Electrical Components International (ECI), valued at 9x expected 2025 Adjusted EBITDA, with all conditions satisfied or waived.

• ECI delivered record H1 adjusted operating margin of 15.1%, up 3 percentage points year-over-year, and new business wins increased 28%.

• Initial restructuring at ECI underway, including closure of St Louis head office and appointment of new Finance Director.

Financial highlights

• Adjusted operating loss for H1 2025 was £2.2 million, reflecting disciplined cost management; statutory operating loss was £33.2 million, including acquisition expenses.

• Adjusted loss after tax was £1.2 million; statutory loss after tax was £32.2 million.

• Adjusted basic and diluted EPS were both (5.7p); statutory basic and diluted EPS were both (160.7p).

• Free cash flow for H1 2025 was (£0.6) million; cash and cash equivalents at 30 June 2025 were £55.2 million.

Outlook and guidance

• Directors have reasonable expectation of adequate resources to continue operations for the foreseeable future, supported by strong cash position and new banking facilities.

• Integration of ECI expected to evolve risk management and internal controls framework in H2 2025.