FW Thorpe Plc (LON:TFW), a group of companies that design, manufacture and supply professional lighting systems, has announced its preliminary results for the year ended 30 June 2025.
Key points:
| Continuing operations | 2025 | 2024 | |
| Revenue | £175.2m | £175.8m | 0.3% decrease |
| Operating profit (before acquisition adjustments)* | £32.9m | £32.4m | 1.7% increase |
| Operating profit | £32.1m | £30.6m | 4.7% increase |
| Profit before tax | £31.6m | £29.9m | 5.9% increase |
| Basic earnings per share | 21.69p | 20.73p | 4.6% increase |
* Acquisition adjustments are amortisation of acquisition related intangible assets and changes in fair value of redemption liability
· Total interim and final dividend of 7.12p (2024: 6.78p) – an increase of 5.0%
· Final dividend of 5.36p (2024: 5.08p) – an increase of 5.5%
· Stand out performance from Thorlux and Zemper
· Disappointing results at Lightronics and Schahl, opportunity for future growth
· Majority of other businesses delivered an improved performance
· Operating profit (before acquisition adjustments)* saw marginal growth despite cost pressures
· Net cash generated from operating activities – £33.2m (2024: £41.4m), no repeat of £7.4m working capital benefit in prior year
· Solid start to 2025/26, with operating performance in line with prior year
