TT Electronics notes defence demand as adjusted pretax profit climbs

(Alliance News) - TT Electronics PLC on Wednesday announced a higher adjusted pretax profit during what it called a "year of transition".

The Surrey, England-based electronic connector manufacturing company said pretax loss widened to GBP36.7 million in 2025 from GBP33.4 million in 2024. Adjusted pretax profit climbed 5.5% to GBP28.7 million from GBP27.2 million.

Revenue fell 7.6% to GBP481.4 million from GBP521.1 million.

Cost of sales came down 9.7% to GBP371.3 million from GBP411.4 million.

Looking ahead, the company said it enters 2026 with "strengthened operational discipline and a more robust financial position", noting structural aerospace & defence demand supporting growth.

TT Electronics expects 2026 revenue and adjusted operating profit in line with company compiled consensus. For revenue, it cites a range of GBP477.1 million to GBP487.1 million, between 0.9% lower and 1.2% higher than in 2025. For adjusted operating profit, the company noted a range between GBP31.9 million and GBP37.6 million, which would be between 14% lower and 1.1% higher than GBP37.2 million in 2025.

Chief Executive Officer Eric Lakin said: "2025 was a year of transition for TT Electronics, and I am pleased to report an improved financial position of the group in my first set of annual results as chief executive officer. During the year, we addressed operational challenges, strengthened accountability and restored control across the business, resulting in a materially improved performance in the second half.

"We enter the new financial year with a clearer strategic direction and a stronger platform for growth, underpinned by our four priorities of divisional realignment, cost reduction, sales transformation and portfolio optimisation. Whilst we are mindful of the current elevated geopolitical uncertainty, we remain confident in our ability to deliver further operational and financial progress over time."

TT Electronics shares rose 4.2% to 108.40 pence each on Wednesday afternoon in London.

By Tom Budszus, Alliance News slot editor

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