Coral Products Regulatory News (CRU)

Coral Products Plc

("Coral" or the "Group")

Trading Update

Coral Products plc, the specialist in the design, manufacture and supply of plastic products, provides the following trading update ahead of its financial year end on 30 April 2026.

The Group has continued to make operational progress during the second half of the 2026 financial year ("FY26"), supported by improvements in manufacturing efficiency, the integration of recent acquisitions and increasing intercompany activity across its divisions.

Trading in the final quarter of FY26 has, however, been adversely affected by the timing of revenues associated with established customer contracts and the phasing of new business wins, resulting in a proportion of expected sales being deferred beyond FY26. This phasing has, in part, been influenced by the ongoing Middle East conflict, which has affected customer demand patterns and the timing of order fulfilment across certain markets.

As a consequence, a portion of anticipated second half revenues will now be recognised in FY27 rather than in FY26. Whilst the sales shortfall is timing-related, second half expected profitability will be reduced, reflecting the margin contribution of those deferred revenues.

The Board emphasises that these sales are deferred and not lost, with customer commitments remaining in place at contracted rates and order visibility supporting future delivery. The Board expects the deferred revenues to be delivered in FY27.

Underlying trading continues to reflect operational improvement, with progress in manufacturing efficiency, integration activities and cross-divisional collaboration supporting performance across the Group and underpinning the Board's expectation of a positive full year underlying operating profit, notwithstanding the impact of revenue phasing in the final quarter.

The Board remains mindful of the broader macroeconomic environment and will continue to manage the business with appropriate caution. Notwithstanding this, the Group continues to benefit from actions taken to strengthen its operational foundations, supporting the ongoing recovery of the business through profitable growth and improved consistency of performance.

About Coral Products:

Coral Products Group is a specialist producer of technical and added value polymer products produced from both rigid and flexible substrates that combine to offer customers the widest choice of products and packaging solutions. Based in the UK with 5 manufacturing facilities and 2 distribution locations the business is trusted by leading UK brands and companies across food packaging, retail, personal care, household, construction, automotive and tele-communication sectors.

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Regulatory Information

The information contained within this announcement is deemed to constitute inside information for the purposes of Article 7 of EU Regulation 596/2014 (Market Abuse Regulations) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.

Caution regarding forward looking statements

This announcement contains unaudited information and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statement because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and Coral's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. Coral undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected because of new information, future events or otherwise, save as required by law and regulations.