FY25 Half Year Trading Update

“Trading in line with management’s expectations”

Charlie Peppiatt, Chief Executive Officer of Gooch & Housego, commented:

“I am pleased with the progression of the Group’s order book in the period, which demonstrates the growing confidence our customers have in G&H to provide them with their most complex photonic systems needs.

Our production facilities are starting to benefit from the operational efficiency improvements that are an important part of the Group’s strategic plan. Output levels are increasing and production yields are improving. At the same time, our outsourcing plans are accelerating with additional product qualifications. These actions will provide the group with additional productive capacity to service growing levels of demand whilst also supporting margin accretion.

Whilst there remains significant uncertainty in our Industrial markets we are confident that growing demand from the Group’s other markets will allow us to make further progress in the balance of the financial year on our journey to mid-teens returns over the medium term.”