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Victrex
Victrex (VCT) investor relations material
Victrex Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary6 Feb, 2026
Executive summary
Q1 2026 volumes decreased by 4% year-over-year, with growth in Energy & Industrial offset by weaker Transport, VARs, and Medical segments.
Average selling price remained broadly in line with the prior year, down 2% year-over-year.
Year-to-date (YTD) volumes recovered in January, now matching the prior year, though YTD revenues are slightly lower due to sales mix.
Full-year 2026 guidance is maintained, with performance expected to be weighted to the second half.
Financial highlights
Q1 2026 sales volume: 858 tonnes, down 4% from Q1 2025.
Q1 2026 revenue: £62.4m, down 6% year-over-year.
Q1 2026 average selling price: £73/kg, down 2% year-over-year.
Net debt at 31 December 2025: £21.1m, with cash of £28m.
FY 2025 total dividends per share: 59.56p; final dividend of 46.14p/share to be paid in January 2026.
Outlook and guidance
Full-year 2026 guidance remains unchanged, with performance expected to be stronger in the second half.
H1 2026 is expected to be weaker than H1 2025 due to a soft Q1 and currency headwinds.
FY 2026 is described as a transitional year, with a focus on efficiency and growth.
Breakdown of £10m PIP savings by pillar?
Quantify H1 currency headwind impact on revenue
Outlook for Transport market recovery in H2?
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Latest events from Victrex
- Net zero by 2050, 53% revenue from sustainable products, and 40% female leadership achieved.VCT
ESG Presentation18 Feb 2026 - Q3 volumes up 20% year-over-year, but Medical destocking continues to weigh on profit outlook.VCTQ3 2024 TU3 Feb 2026
- Volumes up 4%, revenue down 5%, but margin and PBT growth targeted for FY 2025.VCTH2 202412 Jan 2026
- 12% volume growth, profit down 21%, £10m savings plan, stable outlook and dividends.VCTH2 20252 Dec 2025
- 16% volume growth and strong cashflow offset by FX and China ramp-up margin pressure.VCTH1 202520 Nov 2025
- Q3 volume up 8% but revenue down 3% as medical spine weakness and currency headwinds persist.VCTQ3 2025 TU8 Jul 2025
- Q1 revenue and volume up; full-year outlook steady as mega-programmes and cost controls drive growth.VCTTrading Update6 Jun 2025
Next Victrex earnings date
H1 202611 May, 2026
Victrex
Next Victrex earnings date
H1 202611 May, 2026
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