Johnson Electric (179) Q3 25/26 earnings summary

Executive summary

• Sales for the nine months ended 31 December 2025 totaled US$2,726 million, nearly flat compared to US$2,730 million in the prior year, reflecting stable performance amid challenging macroeconomic and geopolitical conditions.

• Management expects full-year group sales to be broadly similar to the previous year, based on current trading conditions and customer order trends.

• Exchange rate movements contributed a favorable US$40 million impact to sales during the period.

Financial highlights

• Group sales for the first nine months of FY25/26 were US$2,726 million, nearly unchanged from US$2,730 million in the prior year period, a decrease of approximately US$4 million.

• APG sales were US$2,301 million, down US$14 million or 1% year-over-year; excluding currency effects, down 2%.

• IPG sales reached US$425 million, up US$10 million or 2% year-over-year; excluding currency effects, up 1%.

• APG's sales decreased due to unfavorable customer mix in China and competitive pricing, while IPG's sales slightly improved amid diverse regional trends.

Outlook and guidance

• Full-year group sales are projected to remain broadly in line with the previous year based on current trading and customer orders.

• The company is focused on long-term value through innovation, operational excellence, and a resilient global supply chain.