Volution FY profits, revenue rise despite 'challenging' markets

(Sharecast News) - Volution Group reported a rise in full-year profit and revenue on Thursday and lifted its dividend despite challenging market conditions, particularly in the UK.

In the year to the end of July, adjusted pre-tax profit increased 18.2% to £99.2m on revenue of £484.8m, up 15.7% on the previous year. Organic revenue growth was 2.8% at constant currency, driven by 5.9% growth in Continental Europe and 3.3% in Australasia, with the UK market challenging, Volution said.

Basic earnings per share ticked up 15.4% to 38.2p and the dividend per share was lifted 18.5% to 12.8p.

The adjusted operating profit margin was 23.2%, up from 22.3% in 2025, with a particularly strong performance in the UK, where the margin rose 230 basis points.

Chief executive Ronnie George said: "FY26 was another year of strong strategic and financial progress for Volution. We delivered organic growth despite a challenging market backdrop in particular in the UK, increased total revenue by 13.8% at constant currency, expanded adjusted operating margin by 90 basis points to 23.2%, successfully integrated Fantech and completed another attractive acquisition in AC Industries. We delivered adjusted earnings per share growth of 15.4%, further extending our compounding growth track record.

"The year also demonstrated the value of the geographic and end-market diversity we have built. Strong growth in Continental Europe and good growth in Australasia helped offset well documented weaker market conditions in the UK, while our increasingly balanced exposure to both residential and non-residential ventilation markets provided greater resilience across different economic and construction cycles."

At 0925 BST, the shares were up 0.7% at 656.57p.

See latest RNS on Sharecast