TRADING UPDATE and NOTICE OF RESULTS
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
1 October 2025
Xaar plc
TRADING UPDATE
and
NOTICE OF RESULTS
Xaar plc ("Xaar" or "the Group"), the leading inkjet printing technology group, announces an update on current trading.
Xaar announced its interim results on 12 August 2025 setting out that revenue was expected to be second half weighted with order volumes growing steadily throughout the year. Since that announcement, confidence has increased with trading continuing in line with the plans and the Board's expectations for the year ending 31 December 2025 remain unchanged.
Xaar's strength is its attractive value proposition centred around the ability to jet highly viscous liquids, which has the potential to open up new markets of significant scale. The Group's financial performance will be driven by the maturing of recent product launches into these markets and the exact timing of new ones. All new market initiatives are progressing as anticipated. Part of this growth is now being driven by new orders from a major customer for the launch of its desktop 3D printer, a new segment opportunity that has the potential to develop revenues in the same way wax jetting did earlier in 2025.
Following a detailed review of local tax compliance practices by the management team, it has come to the attention of the Board of Directors that the Group has certain previously unidentified tax liabilities to settle in an overseas jurisdiction. The amounts are historic and are not expected to impact future trading. The aggregate liability is expected to be in the range of £3 million to £4 million and the Group is well capitalised to meet these tax payments which are expected to be settled over the next two years.
Further to the announcement on 5 August 2025 the Company confirms that Ben Stocks has today joined the Company as Chairman and Independent Non-Executive Director.
Ben Stocks commented: "Although disappointing, the tax liability does not change my optimism for a business full of opportunity. With a unique proposition, Xaar has the potential for significant growth in new and sizable markets. The company is indebted to Andrew Herbert who successfully steered the business through a renewal agenda: strengthening the Board; developing new products; and enabling access to these new markets. He leaves Xaar revitalised and well positioned for growth."
Notice of results
The Company announces that it will announce its results for the year ending 31 December 2025 on or around 24 March 2026.
The information contained within this announcement is deemed by Xaar to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR"). On the publication of this announcement via a Regulatory Information Service, such information is now considered to be in the public domain. The person responsible for making this announcement is Julia Crane Company Secretary.
Enquiries:
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Xaar plc |
+44 (0) 1223 423 663 |
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John Mills, Chief Executive Officer |
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Paul James, Chief Financial Officer |
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Investor Relations |
Xaar_IR@cen-grp.com |
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Stephen Lamacraft |
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Daniel Verity |
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Forward-looking statements
This announcement may include statements, beliefs or opinions that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. No representation or warranty is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements contained in the announcement speak only as of their respective dates, reflect Xaar's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Xaar's business, results of operations, financial position, liquidity, prospects, growth and strategies.
Except as required by any applicable law or regulation, Xaar expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements it may make whether as a result of new information, future developments or otherwise.
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