Trading Statement
Summary by AI BETAClose X
11 September 2025
TRIFAST PLC
AGM Trading Update
Performance in line with expectations, driven by margin recovery and progress on our medium-term Recover, Rebuild, Resilience strategy
Trifast plc ('Trifast' or the 'Group', LSE: TRl.L), the international specialist in the design, engineering, manufacture, and distribution of high-quality engineered fastenings, provide a trading update in advance of the Group's Annual General Meeting on 11 September 2025.
Trading in the first four months of the current financial year (FY26) has been in line with the Board's expectations and consistent with that reported at our Full Year results in July 2025.
Macroeconomic headwinds remain, impacting certain industrial markets, but Trifast has built-in resilience to help counter this through our global manufacturing footprint, engineering expertise and exposure to growing end-markets, as well as our critical position in customers' supply chains and the support we provide to help them navigate the current environment.
Our focus remains on the self-help levers to deliver further margin improvement as we transform our business into an efficient, professional and data-led organisation. The success to date of our Recover, Rebuild, Resilience turnaround strategy gives the Board confidence that we will be able to deliver our objectives of margin growth and improved cash generation despite the industrial backdrop. Today, Trifast is a leaner, more focused and better business. Whilst there is more to accomplish, we are excited about the future potential of the business as we look to the next chapter of its growth.
Looking ahead, despite continuing external market challenges, we remain confident in delivering our medium-term ambitions, including an EBIT margin target of >10%.
The Group expects to release Half Year results for the six-month period ending 30 September 2025 on 18 November 2025.
2025 Annual General Meeting Results presentation
An in-person and virtual AGM for shareholders will be held at 1200hrs today at the office of Peel Hunt, 100 Liverpool Street, London EC2M 2AT. The Company will be hosting the Annual General Meeting via the Investor Meet Company platform on 11 September 2025 at 1200hrs. To register for the presentation, please use this link: https://www.investormeetcompany.com/trifast-plc/register
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
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Enquiries: |
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Trifast plc |
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Iain Percival, Chief Executive Officer Kate Ferguson, Chief Financial Officer Christopher Morgan, Company Secretary |
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Office: +44 (0) 1825 747630 |
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Shareholders: companysecretariat@trifast.com |
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Peel Hunt LLP (Stockbroker & financial adviser) |
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Mike Bell |
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Charlotte Sutcliffe Tel: +44 (0)20 7418 8900 |
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Editors' notes |
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About Trifast plc (LSE Main listing: symbol: TRI) In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions. Specialising in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category 'C' components principally for major global assembly industries. As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts. We have also established Engineering & innovation centres to support R&D and customer collaboration across the world. The Group supplies to customers in c.65 countries across a wide range of industries, including Automotive, Smart Infrastructure and Medical Equipment. As a full-service provider to multinational OEMs and Tier 1 companies spanning several sectors, we deliver comprehensive support to our customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.
We have defined a clear purpose and vision: To sustainably drive our customers' success by simplifying their fastener supply chain and supporting them in their technical requirements through our world-class engineering and manufacturing capabilities.
For more information, visit: TRIFAST PLC TRI Stock | London Stock Exchange website: www.trifast.com LinkedIn: www.linkedin.com/company/tr-fastenings Facebook: www.facebook.com/trfastenings Note Trifast, TR and TR Fastenings are registered trademarks of the Company LEI number: 213800WFIVE6RWK3CR22
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