Amcomri Group plc
("Amcomri", the "Company" or the "Group")
Trading Update
Notice of Interim Results
Analyst Briefing & Investor Presentation
Amcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK and Ireland focused, specialist engineering services and industrial manufacturing group, announces a trading update for the six months ended 30 June 2026 ("H1 26" or the "Period"), and notice of its H1 26 interim results.
Trading Update
The Board is pleased to report that the Group has delivered a further positive performance in H1 26, with revenue and adjusted EBITDA expected to be ahead of the comparable period last year, and in line with market expectations:
· Revenue expected to be approximately £42.4 million, a 33% increase on H1 25 (£31.8 million).*
· Adjusted EBITDA expected to be approximately £4.7 million, a 9% increase on H1 25 (£4.3 million).*
· Net debt at Period end of approximately £2.9 million (H1 25: £11 million) and cash balance of approximately £13.8 million, a significant increase on the H1 25 position.**
· Profit after tax of approximately £7.3 million, significantly higher than the H1 25 position of £1.5 million.**
This positive financial performance arises from continued demand for the Group's services and products in its core markets across both divisions and contributions from recent acquisitions.
* H1 26 figures relate to Group including discontinued operations (sale of Premier Limpet on 30 June 2026).
** H1 26 figures stated following the sale of Premier Limpet on 30 June 2026.
The table below reconciles statutory results to continuing operations:
|
Revenue |
30 June 2026 |
30 June 2025 |
% Growth |
|
Revenue - continuing |
36,172 |
25,929 |
40% |
|
Revenue - discontinued |
6,218 |
5,856 |
6% |
|
Statutory Revenue |
42,390 |
31,785 |
33% |
Corporate Transactions
The Group completed the following transactions in 2026:
· In early June, a newly established subsidiary of Amcomri, GridCore Electrical Services Limited, acquired the business and assets of the National Compliance and Testing division from SSE plc, providing Amcomri with an established, UK wide specialist electrical test and compliance operation at a discounted entry point, opening a further significant opportunity for expansion into the 'private network' electrical-infrastructure market, a key strategic target sector.
· In late June, Premier Limpet Limited, the UK's largest independent manufacturer of printed and plain adhesive tape, was sold to Dalpo Group UK Limited for a minimum initial consideration to Amcomri of approximately £10.1 million (£7 million net cash proceeds before any additional consideration), reflecting a material return for shareholders since its acquisition in 2021.
· Immediately post period end in July, the Group acquired North West Transport Supplies Limited ("NTS"), specialising in the repair and overhaul of safety critical electro-mechanical units, and HVAC, pneumatic and high integrity control equipment found on rail rolling stock fleets.
The acquisitions further extend the technical services proposition within Amcomri's Embedded Engineering Division, particularly in its UK rail and electrical infrastructure end markets, where demand for asset life extension and upgrades continues to grow.
The disposal of Premier Limpet has provided the Group with additional cash resources, to be utilised alongside existing financing facilities, to fund further acquisitions through its proven 'Buy, Improve, Build' model, that targets high quality specialist engineering and industrial businesses with inherent latent improvement potential.
Siobhán Tyrrell, Chief Financial Officer, commented:
"We have delivered a strong first half performance, with double-digit revenue growth and a significant improvement in adjusted EBITDA, reflecting the resilience of demand across our core end markets. We have continued to execute our strategic priorities, strengthening our Embedded Engineering business through recent acquisitions and making good progress in delivering our 'Buy, Improve, Build' strategy.
"We continue to see attractive acquisition opportunities in niche sectors with potential for operational improvement, and the proceeds from the sale of Premier Limpet provides additional flexibility to support our acquisition strategy."
Notice of Results
Amcomri will announce its H1 26 Interim Results on Tuesday 15 September 2026.
Analyst Briefing: 9.30 a.m. on Tuesday 15 September 2026
An online briefing for analysts will be hosted by Hugh Whitcomb, Chief Executive Officer, Mark O'Neill, Chief Operating Officer, and Siobhán Tyrrell, Chief Financial Officer, at 9.30 a.m. on Tuesday 15 September 2026 to review the H1 26 interim results and prospects. Analysts wishing to attend should contact Walbrook PR on Amcomri@walbrookpr.com or 020 7933 8780.
Investor Presentation: 11.00 a.m. on Wednesday 16 September 2026
The Directors will hold an investor presentation to cover the H1 26 results and prospects at 11.00 a.m. on Wednesday 16 September 2026.
The presentation will be hosted through the digital platform Engage Investor. Investors can sign up to attend the presentation via the following link https://engageinvestor.news/AMCO_IP_0926. For those investors who have already registered and added to meet the Company, they will automatically be invited.
Questions can be submitted pre-event to amcomri@walbrookpr.com or in real time during the presentation via the "Ask a Question" function.
Enquiries:
|
Amcomri Group plc |
Via Walbrook |
|
Hugh Whitcomb, Chief Executive Officer Mark O'Neill, Chief Operating Officer |
Tel: +44 (0)20 7933 8780 |
|
Siobhán Tyrrell, Chief Financial Officer Katy Birkin, Director of Corporate Development
|
|
|
Cavendish Capital Markets Limited Nominated adviser and broker |
Tel: +44 (0)20 7220 0500 |
|
Adrian Hadden/Callum Davidson/Isaac Hooper - Corporate Finance |
|
|
Michael Johnson/Jasper Berry/Andrew Burdis - Sales/Broking |
|
|
|
|
|
Walbrook PR Ltd |
Tel: +44 (0)20 7933 8780 |
|
Tom Cooper/Nick Rome |
amcomri@walbrookpr.com |
|
|
|
To find out more, please visit: www.amcomrigroup.com
Notes to Editors:
Amcomri is a 'Buy, Improve, Build' group focusing on acquiring, integrating and enhancing specialist engineering services and industrial manufacturing businesses in the UK and Ireland. The Group provides niche technical services and products to a diverse range of industrial sectors and markets and has a significant focus on major infrastructure, transportation and energy companies.
The Group currently operates through the following two divisions:
· Embedded Engineering Division: provides specialist technical and engineering services for major industrial, infrastructure and transportation clients, typically with complex technical needs and undertaken in operating environments where safety and compliance performance are critical requirements. The division predominantly provides engineering services and support for their clients' capital intensive, mission-critical assets such as high voltage electrical transmission systems, petrochemical and continuous process operations, and large power generation plants.
· B2B Manufacturing Division: focuses on selective niche B2B markets or businesses, where the Group has identified an opportunity to achieve enhanced financial performance by leveraging an initially strong competitive market position that can subsequently be enhanced by the Group's industrial business improvement capabilities.
The Group operates across a diverse range of sectors and markets, including industrial, infrastructure and mass transportation. The Group deploys a structured 'Buy, Improve, Build' strategy with a track record of value enhancing acquisitions in the industrial environment. It has a particular focus on leveraging the Group's experience and track record relating to acquisitions arising from owner manager 'retirement' situations, where there are often no, or limited, alternative plans for succession in the business.
The Group currently comprises 15 operating companies. Post acquisition, the Group has a strong focus on facilitating and supporting its operating companies with organic growth initiatives, and the Group's businesses are well placed to take advantage of generally positive and resilient conditions in their respective niche end markets.