Volution Group (FAN) H2 2025 TU earnings summary

Executive summary

• Adjusted EPS for FY25 expected to be slightly ahead of current market consensus, reflecting continued good progress.

• Organic revenue growth on a constant currency basis projected at over 5% for FY25, up from 4% at half year.

• Total group revenue growth expected to exceed 20% (cc), including eight months of Fantech acquisition contribution.

Financial highlights

• Adjusted EPS consensus for FY25 is 32p, with forecasts ranging from 31.6p to 32.5p.

• Operating cash conversion expected above 90%, supported by strong inventory and working capital management.

• Negative currency translation impact of approximately £5 million to revenue and just over £1 million to adjusted operating profit.

Outlook and guidance

• Board expects adjusted EPS to be slightly ahead of consensus for FY25.

• Fantech integration progressing well, with confidence in achieving Group's 20% operating margin target in the medium term.

• Full year results for FY25 to be announced on 9 October 2025.