Zotefoams has reported another year of strong financial performance and strategic progress, delivering record revenue and profitability while continuing to execute its Expanding Beyond the Core growth strategy.
Results Headlines
The Group delivered record Group revenue of £158.5m, 7% higher than the prior year (2024: £147.8m).
Further highlights include:
- Record adjusted operating profit up 26% to £22.8m (2024: £18.1m)
- Adjusted Basic EPS up 46% to 38.00p (2024: 25.95p)
Strategic Progress
During the year, the Group continued to deliver on its Expanding Beyond the Core strategy aimed at driving long term sustainable growth and shareholder value creation.
Through increased focus on operation execution, the expansion of geographical footprint, investment in innovation and building a disciplined M&A capability, the Group is targeting ambitious progress in the medium term:
- Organic growth of 7% CAGR to deliver FY2029 revenue of >£230m
- Operating profit of >£40m by FY2029
- ROCE of over 20% by FY2029
- Cash conversion of >95%
The Group also has a longer-term ambition to grow revenues to >£300m and operating profit to >£60m, with the opportunity to accelerate progress through inorganic growth.
Key milestones in 2025
Key initial enabling steps for this transformation were taken in FY2025:
- Construction of machinery for new Vietnam factory well progressed with £4.3m invested
- Completion of new second low-pressure vessel in the US which is now operational
- Innovation centre established in Korea with growth and investment planned for 2026
- Acquisition of OKC, extending products, capabilities and routes to market in Europe
Momentum into 2026
The Group has also seen early progress and momentum in 2026, including:
- Trading in line with expectations and continued strength in Transport & Smart Technologies
- OKC integration progressing well, with integration into the European operating model underway and full-year revenue contribution in 2026
- Growth becoming more balanced across the portfolio, with healthy pipelines in aerospace, industrial and other technical applications
- Continued focus on execution in 2026, including service, efficiency, margin improvement and delivery of strategic investments in Asia