Coral Products Share Price (CRU)

Maybe it’s the recent acquisition for £95,000 plus VAT and was funded from the Group's existing cash resources

And that The transaction is expected to result in the retention of between £1.6 million and £2.0 million of annualised revenue

Has someone taken the time to compare the figures from the half year financial report with last years final results, and realised the business is in good shape

Imo the company has made some great changes in the last year, just a little patience required to make good returns now, no need to break a sweat

Acquisition of the assets of AAC Cyroma Limited

Coral Products plc, a group is pleased to announce that it has agreed to purchase the assets of AAC Cyroma Ltd ("AAC Cyroma") from its liquidators for a total consideration of £95,000 in cash

AAC Cyroma generated revenues of approximately £2.5 million in the year ended 30 September 2024 (with similar revenue performance achieved in the prior period) and operated in similar end markets to Manplas, where it had been a direct competitor. The business experienced financial distress following a change in ownership and management in October 2024, which ultimately resulted in its insolvency

H1 '26 Financial Highlights:

• Group Revenue increased by 21.5%

• Group sales including £1.9 million of intercompany sales increased by 29.4% in line with its vertical integration strategy

• Gross profit increased by £1.87 million compared to H1 2024

• Operating profit increased by £1.28 million compared to H1 2024

• EBITDA increased by £1 million compared to H1 2024

• Underlying Earnings per Share improved by 1.22p compared to H1 2024

H1 '26 Strategic Highlights:

• Intercompany sales increased by £1.31 million year on year to £1.9 million, representing a growth of 225% reflecting the successful and targeted integration of Group businesses and capabilities

• Structural and performance improvements of the Manplas Ltd business is starting to deliver financial improvements

• Arrow Film & Foil Converters Ltd is performing in line with expectations

• Group 2025 full year outlook remains positively unchanged

H1 '26 Operational Highlights:

• Continued focus on manufacturing optimisation is delivering both efficiencies and gross margin improvements

• Further success in increasing recycled content across targeted products across the Group

• rPET extrusion line for Alma Products slightly delayed and will be commercialised and supporting new business from Jan '26

• New bag machine investment installed at Film & Foil to strengthen the range and support new identified business opportunities for H2 and beyond

Outlook:

• Senior leadership team continue to make structural improvements across the Group

• Evolving new business wins from H1 2026 combined with expected new business wins to start in H2 2026 reflects customer trust and competitive offering