Earnings release
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RNS Number : 9335TVictrex PLC09 September 2026 9 September 2026 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Victrex plc("Victrex" "Company " or the "Group") Pre-Close Trading Update Underlying PBT now expected to be in the range of £45m to £47m, ahead ofprior guidance of £42m to £44m Victrex plc, the innovative global leader in high-performance polymer solutions, today announces a pre-closetrading update for the year ending 30 September 2026. FY26 Trading Performance Since our Q3 trading update on 7 July 2026, strong momentum has continued into Q4, with year-on-year growthacross our end markets driven by Aerospace, Value Added Resellers and Electronics. We are also seeing goodgrowth across all regions, with particularly strong growth in Asia Pacific. The previously announced 10%reduction in our headcount has been completed, with the initial benefits being seen during Q4 and contributingto at least £10m of annualised savings from our wider Profit Improvement Plan expected to be delivered in FY2027. The Board now expects FY 2026 underlying PBT to be in the range of £45m to £47m, ahead of prior guidance of£42m to £44m. Strategic Progress On 7 August 2026 we completed the divestment of our US-based Kleiss Gears business to The Heico Companies'Industrial Technologies Group. Kleiss Gears is a highly specialised parts manufacturing business based inGrantsburg, Wisconsin. Following the successful seeding of the PEEK gears market using the expertise acquiredwith Kleiss Gears, the assets and expertise at Kleiss are no longer a key component of our strategy, with thedivestment of this business reflecting our disciplined focus on core operations. For the FY 2026 results we willrecord an exceptional loss on disposal of approximately £3m. Interim CFO Appointment We are pleased to announce that Chris Gilbert has joined as the Group's Interim Chief Financial Officer on 1September 2026. Chris brings extensive sector experience, including at Elementis plc, as well as proven capabilityof delivering large-scale finance transformation projects with Deloitte LLP. As this is an interim appointment,Chris will not be appointed as a Director or join the Board of the Company. Dr James Routh, Chief Executive Officer of Victrex, said: "We have maintained our strong momentum during Q4, with revenue growth driven by improved performanceacross key end markets and all regions. As a result, we now expect full year underlying PBT for FY 2026 to be aheadof our prior guidance. "We look forward to providing further detail on our compelling growth strategy and clear and differentiated value proposition during our Capital Markets Event later this month[1]." This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation. Theperson responsible for arranging the release of this announcement on behalf of Victrex is Kerry Thornton, CompanySecretary. Enquiries: Victrex plc: Stephen Lamacraft, Investor Relations,stephen.lamacraft@victrex.com+44 (0) 7776 433916 Dr. James Routh, CEO,james.routh@victrex.com+44 (0) 1253 897700 Corporate brokers Chris Baird,Chris.Baird@investec.com Ben Lawrence,ben.lawrence@investec.com
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Alia Malik, alia.malik@jpmorgan.com Charlie Oakes,charles.x.oakes@jpmorgancazenove.com About Victrex:Victrex is an innovative world leader in high-performance polymer solutions, focused on the strategic markets ofAutomotive, Aerospace, Energy & Industrial, Electronics and Medical. Every day, millions of people rely on products or applications which contain our sustainable materials, from smartphones, aeroplanes and cars toenergy operations and medical devices. With over 40 years' experience, we are moving beyond the polymer intosemi-finished and finished products which shape future performance for our customers and our markets, enable environmental and societal benefit for our customers and drive value for our shareholders. Find out moreatwww.victrexplc.com [1]Capital Markets Event ('Unlocking Victrex's Potential') on 24 September, 3.00pm-6.00pm UK time; 30 Gresham Street, LondonEC2V 7QP. To register to attend please contact InvestorRelations@Victrex.com 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