LPA GROUP PLC - Interim Results for the six months ended 31 March 2026

LPA Group PLC delivered a strong investor update, reporting significant progress in its operational transformation and growth strategy. For the first half of FY2026, revenue increased 45% year-on-year to £13.5 million, driving improved profitability, with adjusted EBITDA turning positive and the company returning to a £0.4 million profit after several years of losses. Gross margins strengthened to 28.7%, supported by higher volumes and operational efficiencies following site consolidation and business integration initiatives. The company maintained a robust order book of approximately £30 million, providing strong revenue visibility through FY2029, while management remains confident in achieving full-year order intake targets despite temporary project timing delays. LPA continues to diversify beyond its traditional rail markets, expanding its presence in aerospace, defence, and aviation, with aerospace and defence revenue growing to 20% of sales. The group highlighted several new product launches, including advanced power systems, ruggedised connectors, and modular cable-carrying solutions, alongside opportunities in emerging electric aircraft platforms and airport infrastructure projects that could generate recurring long-term revenue. Supported by a strengthened balance sheet, completed refinancing, and ongoing investment in innovation, certifications, and product development, LPA is positioning itself for sustainable growth, improved margins, and future expansion through both organic development and potential M&A activity. Management reiterated confidence in the company’s growth outlook, operational delivery, and ability to create long-term shareholder value.