Coats Group (COA) Q3 2025 TU earnings summary

Executive summary

• Delivered resilient trading in subdued markets, with performance in line with expectations for the four months ending 31 October 2025.

• Achieved strategic progress, including the completion of the OrthoLite acquisition and a divisional restructure.

Financial highlights

• Group revenue declined 1% year-over-year at constant exchange rates.

• Operating profit remained similar to the prior year period, with margins consistent with H1 2025 and improved from the previous year.

• Cash generation stayed strong, supporting leverage targets.

Outlook and guidance

• Full year outlook unchanged, with trading performance expected to remain in line with market expectations.

• Confident in continued outperformance of underlying market growth, strong cash generation, and further margin progression in the medium term.

• Updated financial framework to be provided with full year 2025 results in March 2026.