LONDON: Trifast PLC (LSE: TRL.L), a global specialist in engineered fastenings, on Thursday reported a return to full-year profitability, as margin recovery and progress on its “Recover, Rebuild, Resilience” strategy helped offset challenging market conditions.
For the year ended March 31, 2025, Trifast posted underlying EBIT of £15.6 million, up from £11.9 million the previous year, lifting its EBIT margin to 6.8 percent from 5.1 percent. Underlying profit before tax rose to £11 million, driven by cost reductions and operational improvements. The group returned to statutory profit before tax of £4.9 million, recovering from a £0.8 million loss a year earlier.
Annual revenue declined 2.7 percent to £227.4 million on a constant currency basis, weighed down by weak industrial demand in the UK and Europe. Growth in smart infrastructure and strength in North America helped soften the impact, with notable gains in the automotive sector and medical equipment segment.
CEO Iain Percival said the company remains focused on strategic priorities including margin enhancement, targeted growth, organizational efficiency and transformation across all business units. Cost-saving initiatives delivered approximately £3 million in annual benefits, with additional efficiencies planned for FY2026.
Adjusted net debt to EBITDA improved to 0.97x, supported by disciplined capital allocation and stronger cash generation. The company maintained its dividend at 1.80 pence per share.
Despite macroeconomic headwinds, including U.S. tariffs on steel and aluminum and a weaker dollar, Trifast expects to sustain momentum into fiscal 2026. The group continues to evaluate bolt-on acquisitions and investment opportunities in key markets.
“We are a stronger business than when we began our transformation,” Percival said. “Thanks to our employees’ dedication, we have laid a solid foundation for long-term, profitable growth.”