The group said underlying EBIT grew year‑on‑year, it has hit its medium‑term targets for Return on Sales and Return on Capital Employed a year ahead of plan, and it expects an ongoing effective tax rate of approximately 35-45%.
"FY26 shows excellent delivery created by the turnaround we began in 2022 and we have materially better margins with stronger returns and more focused product lines," said Frank Doorenbosch, Chief Executive Officer.
CTP Design and Engineering revenue improved in the second half but remained below management expectations and prior‑year run‑rate as a result of lower customer activity in the US while EMEA project activity exceeded expectations.
CTP Manufacturing Solutions revenue is expected to be broadly in line with FY25 excluding foreign exchange translation and prior exits of non‑core short‑run lines, with US margins meaningfully improved and China outperforming expectations on both sales and margin.
The Speciality division delivered double‑digit revenue growth driven by aerospace demand and market share gains in specialist machining, and additional capacity invested during the year is now operational.
Net debt was reported at £24m (31 March 2025: £19.3m) and the Group said it has not experienced supply disruption or material financial impact from the Middle East conflict to date.
The Group will publish its next growth phase, "Precision 2030", with medium‑term financial targets at the full year results presentation.
