Gooch & Housego (GHH) AGM 2026 presentation summary

Financial and operational highlights

• Full year revenue increased by 10.7% to £150.5m, with adjusted profit before tax up 46.8% to £11.9m.

• Aerospace & Defence revenues surged 52.1%, while Industrial declined 5.3% and Life Sciences remained stable.

• Closing order book rose 36.2% to £142.3m, with strong pipeline growth, especially in Aerospace & Defence.

• Net bank debt increased to £29.9m due to acquisitions and inventory investment.

• Operational performance improved despite supply chain and macroeconomic challenges.

Strategic direction and technology focus

• Strategy centers on innovation, customer focus, and sustainable growth through high-performance teams and technology investment.

• R&D spend was £7.3m, with a 25% increase in new product revenues to £31.7m.

• Technology roadmap narrowed to six key areas for differentiation and value creation.

• Over £50m in margin-accretive business expected from new products in the medium term.

Acquisitions and integration

• Acquisitions of Phoenix Optical and Global Photonics are accelerating transformation and expanding capabilities.

• Phoenix Optical delivered over 100% order book growth and enhanced Germanium fabrication.

• Global Photonics added US manufacturing capacity and expertise in defence optics.