Zotefoams (ZTF) Trading update summary

Trading performance

• Revenue rose 26% year-on-year to £64.1 million, driven by robust demand and OKC contribution.

• EMEA revenue increased 24% to £50.1 million, with OKC adding £9.8 million; underlying business stable.

• North America revenue grew 30% organically to £12.1 million, benefiting from expanded capacity and strong demand.

• Asia revenue doubled to £1.9 million, with ongoing investments in Vietnam and South Korea.

• Margins and cash generation remained strong, supported by operational improvements and cost efficiency.

Strategic initiatives and outlook

• Integration of OKC progressing as planned; major growth projects in Asia on track.

• AI adoption and Global Approved Partners programme launched to drive productivity and innovation.

• Board maintains full-year expectations, with 2026 revenue forecast at £190.8m and adjusted PBT at £26.3m.

• Actively monitoring Middle East instability and mitigating raw material and cost risks.

• Confident in long-term prospects, supported by strong balance sheet and demand in key markets.