TT ELECTRONICS PLC - Half year results for the six months ended 30 June 2026

TT Electronics PLC’s 2026 half year investor update highlights a significant improvement in company performance, with adjusted operating profit rising 37% to £18.5 million and operating margin expanding 230 basis points to 8.1%. Revenue declined 2.7% year on year due to previously identified one off factors, but underlying sales grew around 4%, with organic growth expected in the second half. The group reported a strong order book exceeding £550 million, up 20% year on year, supporting improved revenue visibility and commercial momentum across Power, EMS and Components. EBITDA reached £24 million, while leverage remained manageable at 1.1 times, with further deleveraging expected. The growth strategy focuses on operational excellence, cost reduction, sales transformation and portfolio optimisation, including potential divestment of Components. New and expanded customer agreements, including Rolls Royce and MBDA, strengthen the long term pipeline, particularly across aerospace and defence. Management now expects full year adjusted operating profit to be ahead of current market expectations, supported by stronger margins, cost savings and improving cash generation.