RS Group (RS1) Trading update summary

Financial performance and trading update

• Full year 2025/26 adjusted profit before tax expected to be marginally ahead of market expectations despite challenging markets.

• Revenue for the year is anticipated to decline by approximately 0.6% on a like-for-like basis.

• EMEA region showed quarter-on-quarter improvement and is expected to return to marginal growth in H2 2026.

• APAC region continues to gain momentum, with higher revenue growth expected in H2 2026 compared to H1.

• Americas region was flat in H1 2026 but is expected to decline in H2 due to ongoing challenges in Mexico.

Strategic initiatives and operational efficiency

• Continued investment and progress in strategic and change initiatives.

• Solid gross margin performance, improved efficiency, and disciplined cost control contributed to profit resilience.

Outlook and upcoming results

• Full year 2025/26 results will be announced on 20 May 2026.

• Company consensus for adjusted profit before tax is £241 million, within a range of £230 million to £247 million.