Trading Update and Notice of Results

Castings PLC

26 October 2026

 

Castings plc

Trading update and notice of results

Castings PLC ("Castings" or "the company"), the leading iron casting and machining group primarily focused on the European heavy truck market, announces a trading update in respect of the year ended 31 March 2027 ("FY27").

Whilst the order book remains strong across the group, the third-party power supply issue at our William Lee site continued to impact results in the first half of the year. As previously reported, power was restored at the end of May, but the incremental cost of catching-up production continued beyond that date.

With this power issue now behind us, management at William Lee are concentrating on the optimisation of the new foundry line.

The group is focussed on productivity and cost control to deliver on both the strong forward order book in the second half of the year and the production arrears arising from the disruption in the first half. Consequently, whilst revenue expectations remain in line with market consensus*, with production arrears not yet resolved the Board are reducing its expectations* for adjusted profit before tax for FY27 to a level broadly consistent with the profit in the previous year (excluding the historical R&D tax credits).

Notice of Results

The company intends to announce its half year results on 11 November 2026.

* Market expectations for FY27 refer to the analyst consensus compiled by the company which, prior to the release of this announcement, stood at revenue of £181.1m and adjusted profit before tax of £12.9m.

A N Jones, Chairman

Castings plc, Lichfield Road, Brownhills, West Midlands, WS8 6JZ

26 October 2026

This announcement contains inside information for the purposes of the Market Abuse Regulation (Regulation (EU) No. 596/2014) as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.

Notes for Editors

Castings PLC is a leading iron casting and machining group based in the UK, supplying both the domestic and export markets. It has gross foundry capacity of 80,000 tonnes p.a. and is highly invested with the latest automation technologies. This enables high mix production of low volume parts on a just in time basis to provide a competitive edge. Castings has long-term relationships with the major OEMs in its core European heavy truck market and their platforms typically last over 10 years in production. In addition to the commercial vehicle sector, Castings PLC also supplies the wind power, agriculture, rail and material handling markets. www.castings.plc.uk

 

END