Trifast (TRI) AGM 2025 summary

Opening remarks and agenda

• High attendance noted both in-person and online, with hybrid format enabling broader participation.

• Safety procedures and housekeeping addressed at the start for both physical and virtual attendees.

• Introduction of board members and executive leadership, with acknowledgment of one director's absence due to bereavement.

Financial performance review

• FY 2025 marked significant progress, with a leaner, more focused organization and a stronger balance sheet.

• Trading for the first four months of FY 2026 is in line with board expectations despite macroeconomic headwinds, especially in automotive.

• EBIT margin improved by over 170 basis points, and GBP 3 million in annualized efficiency savings were delivered.

• Strong cash generation and leverage ratio maintained below one, supporting a stable dividend.

Board and executive committee updates

• Leadership team strengthened over the past 18 months, with a focus on recovery and rebuilding.

• New CIO appointed and plans to add a board fellow with AI and cybersecurity expertise.