Trifast (TRI) H2 2026 earnings summary

Executive summary

• Delivered robust performance in FY26 despite economic and geopolitical headwinds, progressing the 'Recover, Rebuild, Resilience' strategy.

• Focused on margin management, operational efficiency, and disciplined capital allocation, with significant investments in technology and talent.

• Board recommends a final dividend of 1.30p, bringing the total to 1.90p per share for the year.

Financial highlights

• Revenue declined 6.8% year-over-year to £208.4m; underlying EBIT margin improved to 7.9% from 6.7%.

• Underlying profit before tax rose to £12.3m (FY25: £10.4m); underlying diluted EPS up 49.9% to 6.46p.

• Gross margin increased to 30.0% (FY25: 28.3%).

• Adjusted net debt reduced to £16.0m; leverage ratio improved to 0.75x.

• Statutory profit before tax was £0.1m, impacted by £12.3m in separately disclosed items.

Outlook and guidance

• Trading headwinds persist into FY27, with ongoing macroeconomic uncertainty and sector softness.

• Board remains confident in achieving a medium-term EBIT margin target above 10%, supported by transformation progress and strong commercial pipeline.