The Volex Plc Board has declared an interim dividend of 1.6 pence, representing an increase of 6.7% on the previous year, and remains committed to a progressive dividend policy, striking a balance between delivering growth through investment and returning cash to shareholders.
Other financial highlights include:
Group revenue increased by 12.7% to $583.9 million (H1 FY2025: $518.2 million) with strong organic growth of 13.0%, including a notable increase of 80% in Data Centres sales
Underlying operating margin of 9.8% maintained, towards the upper end of the Group's 9-10% target range, supported by our continued focus on operational efficiencies and delivering productivity improvements
Underlying operating profit increased by 20.2%
Underlying basic EPS increased by 29.6%
The Group's focus on investing for the long term through expansion of key advanced production sites with a wide range of capabilities is enhancing customer choice and allowing for site rationalisation to optimise costs
First half performance and continued strategic execution positions the Group strongly relative to the five-year plan
