AVON TECHNOLOGIES PLC - Interim Results for the six months ended 31 March 2026

Avon Technologies PLC delivered a strong interim investor update, highlighting robust company performance with 7% revenue growth, 39% increase in operating profit, and 45% EPS growth, alongside significant EBITDA margin expansion reaching target levels ahead of schedule. The group reported a solid order book of 220 million, providing long term revenue visibility into 2027, despite a temporary dip in order intake due to backlog normalization. Return on invested capital exceeded 20%, outperforming strategic targets, while the balance sheet remains strong with low net debt to EBITDA, supporting capital allocation flexibility including potential acquisitions or shareholder returns. Avon Protection drove standout growth with 23% revenue increase and strong margins, supported by rising global defence spending and CBRN demand, while Team Wendy showed improving margins and production ramp up, positioning for second half growth. The company is nearing completion of its transformation programme, shifting focus to organic growth, innovation, and strategic M&A, underpinned by a strong pipeline, expanding product portfolio, and favourable geopolitical tailwinds driving sustained demand across core markets.