VOLEX PLC - Full Year Results for the Year Ended 31 March 2026

Volex plc delivered a record financial performance in FY26, exceeding its five-year strategic targets a full year ahead of schedule. Revenue increased 14.4% to $1.24 billion, driven by 14.2% organic growth, while underlying operating profit rose nearly 20% and operating margin expanded to 10.2%, surpassing the company's previous target range. Growth was led by exceptional demand from hyperscale data centre customers supporting AI infrastructure, alongside strong performances in off-highway, defence and electrification markets, offsetting temporary weakness in medical and consumer electricals. The Group continued to invest in manufacturing capacity, operational efficiencies and centres of excellence, supporting higher-margin products and improved returns on capital. Management highlighted a strong balance sheet, disciplined capital allocation and continued focus on capability-led acquisitions to accelerate long-term growth. Looking ahead, Volex reaffirmed confidence in its new medium-term strategy targeting $2 billion of revenue and a 12% operating margin through a combination of organic expansion, customer programme wins and selective acquisitions. The company also expects continued momentum in data centres, electrification, energy storage and defence markets, while benefiting from increasing product complexity, vertical integration and long-term customer partnerships. With a planned move to the Main Market of the London Stock Exchange and strong trading at the start of FY27, management believes Volex is well positioned to deliver sustained revenue growth, margin expansion and long-term shareholder value.