Company posted revenue of £371.2 million from continuing operations, up 5%
LONDON: Senior plc, a global manufacturer of high-technology components and systems, reported robust interim results for the half-year ended June 30, 2025, with performance in line with expectations and strategic progress marked by the agreed sale of its Aerostructures division.
The company posted revenue of £371.2 million from continuing operations, up 5% on a constant currency basis compared to £361.7 million in the same period last year. Adjusted operating profit rose 14% to £31.2 million, while adjusted profit before tax increased 13% to £25.3 million.
Basic earnings per share climbed 34% to 5.07p, and adjusted earnings per share rose 8%. Free cash flow surged 43% to £10.6 million, and the interim dividend was raised 13% to 0.85p per share.
Senior’s Aerospace division led the growth, with improved sales and profitability. The Flexonics segment also outperformed its end markets, contributing to the overall strength of the continuing business.
Including discontinued operations, total revenue reached £519.4 million, up 5% on a constant currency basis. Adjusted operating profit rose 30% to £31.7 million, while adjusted profit before tax increased 37% to £24.3 million. However, reported profit before tax fell to a loss of £21.5 million due to £45.8 million in adjusting items related to the Aerostructures sale.
The company confirmed that the sale of its Aerostructures business is expected to complete by year-end, with net proceeds earmarked to reduce debt and fund a £40 million share buyback program. Net debt excluding capitalized leases stood at £162.4 million, with leverage at 1.9x EBITDA.
“Our strategy to become a market-leading, pure-play fluid conveyance and thermal management company is progressing well,” said David Squires, Group Chief Executive Officer. “We are confident in our ability to achieve our medium-term financial targets.”
Senior reiterated its full-year outlook, citing strong trading performance and a robust balance sheet.