Earnings release
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11 November 2025 LUCECO PLC Q3 2025 TRADING UPDATE Strong Q3 performance with double digit growth driven by continued EV charger momentum Full year profitability to be towards the upper end of market expectations Luceco, the leading designer and manufacturer of residential and commercial electrification products and systems, is pleasedto provide the following update for the three months ended 30 September 2025 ("Q3 2025" or the "third quarter" or the"quarter"). Third sequential quarter of growth: · Revenue up 19.5% in Q3 2025, with EV charging products continuing to be a key driver:o Like-for-like revenue growth of c.10% against a relatively soft comparative period;o EV charging like-for-like revenue growth remains very strong at 64%; ando Encouraging growth in most other categories · Year-to-date like-for-like growth of +c.5% reflecting a sequentially improving trend:o Q1: +0.6%, Q2: +3.2%, Q3: +c.10% (like-for-like)· Operating margin increased 40bps in Q3 2025 compared with Q3 2024 Robust balance sheet providing headroom for further investment: · Bank Net Debt at the end of Q3 2025 of £68.4m, giving a Bank Net Debt:EBITDA leverage ratio of 1.6x, comfortablywithin the Group's target leverage range of 1-2x· Strong balance sheet and cash flow generation provides optionality to invest organically and through M&A, in line with theGroup's stated capital allocation policy Full year profitability now expected to be towards the upper end of market expectations: · Revenue growth achieved in the year-to-date, combined with a strong order book for Q4 2025, means full-year adjustedoperating profit is now expected to be towards the upper end of market expectations· The Group's confidence is underpinned by the strength of Luceco's market position, manufacturing capability and cashgenerative business model· CMD and D-Line synergy projects are progressing, driven by cost efficiency benefits through their integration to our lowercost manufacturing capabilities· Operational efficiency also continues to improve at Luceco's key manufacturing centre Commenting on the Q3 2025 performance, Chief Executive Officer, John Hornby said: "Luceco's sustainable competitive advantages of superior channel access, agile product innovation capabilities, and verticallyintegrated manufacturing have supported double-digit revenue growth in the third quarter. As a result, Luceco is on track toachieve another year of strong revenue and profit growth and our profit expectations for the full year will now be towards theupper end of market expectations. "During the quarter, our EV product offering remained in strong demand and our Link EV Chargers are now stocked throughour market-leading distribution channels. Longer term, Luceco remains well positioned to deliver above market growth,driven by a combination of the structural opportunities from electrification, our sustainable competitive advantages and ourclear, consistent strategy." Company-compiled analyst consensus as at 10 November 2025, is for full year 2025 Adjusted Operating Profit of £31.2m,with a range of £30.5m - £32.5m Luceco plc ContactJohn Hornby, Chief Executive Officer (Via Sodali & Co)Will Hoy, Chief Financial Officer Sodali & Co Contact James WhitePete LambieTilly Abraham 07855432699 / 079 3535 1934 1 1
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For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement isbeing made on behalf of Luceco plc by Will Hoy, Chief Financial Officer. Note to Editors Luceco plc (LSE:LUCE) is a leading designer and manufacturer of residential and commercial electrification products andsystems. The Group designs and manufactures its market-leading range of wiring accessories, EV chargers, LED lighting, andportable power products at its state-of-the-art manufacturing facilities, distributing them through professional, wholesale andretail channels. For more information, please visit www.lucecoplc.com. Forward-looking statements This announcement contains forward-looking statements that are subject to risk factors associated with, among other things,the economic and business circumstances occurring from time to time in the countries, sectors and markets in which theGroup operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by awide range of variables which could cause actual results to differ materially from those currently anticipated. No assurancescan be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of thisannouncement and the Company undertakes no obligation to update these forward-looking statements. Nothing in thisannouncement should be construed as a profit forecast. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END