Volex (VLX) Trading update summary

Trading performance and outlook

• Revenue for FY2026 expected to reach at least $1,220 million, significantly ahead of market expectations.

• Underlying operating margins projected to be slightly above the 9-10% target range.

• Strong demand for high-speed data transmission products, especially for data centres, has driven outperformance.

• Data centre revenues anticipated to double compared to the previous year’s $118 million.

• Other end markets, including Electric Vehicles, Consumer Electricals, Medical, and Off-Highway, have remained robust and stable.

Strategic initiatives and market positioning

• Board is considering moving the listing from AIM to the Main Market of the London Stock Exchange.

• Main Market move expected to enhance access to capital, broaden investor base, and increase corporate profile.

• Eligibility for FTSE250 Index inclusion is anticipated.

• Consultation with major shareholders will precede any decision on the listing venue change.

Capital markets event and future plans

• Capital Markets Event scheduled for 22 April 2026 to outline new medium-term growth targets.

• Event will detail strategic ambitions and financial objectives for the next phase of growth.

• Senior management will present key structural drivers supporting future growth.