DISCOVERIE GROUP PLC - Full Year Results for the year ended 31 March 2026

DiscoverIE Group plc reported a strong set of preliminary results, extending its long-term record of profitable growth through increased operating profit, adjusted earnings per share, and accelerating order momentum. Organic orders rose 5% for the year, including a strong 14% increase in the fourth quarter, while organic revenue grew 2%, reflecting improving demand across both divisions. The company exited the financial year with a 5% higher order book, providing strong revenue visibility and supporting a positive outlook for FY2027. Despite investing £2.2 million in additional engineering, sales, and production capacity to support future growth, DiscoverIE maintained a robust adjusted operating margin of 13.8% and delivered excellent cash generation, with free cash flow conversion of 92%. The group also completed three strategic acquisitions with a combined value of £95 million, strengthening its position in attractive growth markets including defence, security, aerospace, and industrial electronics. Management highlighted that all acquisitions are earnings accretive, deliver margins above the group target, and enhance long-term growth opportunities. With a strong acquisition pipeline, increasing design-win activity, expanding exposure to defence-related markets, and a growing base of non-cancellable orders, DiscoverIE enters the new financial year with positive trading momentum. Supported by a disciplined growth strategy, high cash conversion, resilient margins, and a strengthened market position, the company remains well placed to deliver sustainable revenue growth, earnings expansion, and long-term shareholder value.