The Avon Technologies Plc Board has proposed an interim dividend of 8.1 cents per share (HY25: 7.6 cents). This interim dividend will be paid on 4 September 2026 to shareholders on the register at 7 August 2026. The interim dividend will be converted into pounds sterling for payment at the prevailing exchange rate which will be announced prior to payment.
Other financial highlights include:
Strong H1 performance
Delivered medium-term targets for growth, margin, ROIC and leverage 18 months early
Improved commercial and manufacturing execution plus increased reliability of Cleveland production rates driving group margin into target range
Lower closing order book due to timing of DoW4 orders and temporary weakness in US commercial helmet demand in Team Wendy. DoW4 follow-on orders expected towards the end of this calendar year. Recovery in US commercial helmet demand expected in H2.
Heightened global threat driving demand
Number of active conflict zones at its highest level since the end of World War II
Product upgrade & replenishment demand driven by threat environment and increasing military personnel
Strategy advancing from transformation to growth focus
Continuous improvement driving increased efficiency, reliability and cost advantage
Cleveland site delivering DoW4 contractual rates with improving reliability and operating leverage drop-through
Long term visibility of core programmes and exciting progress diversifying into new and adjacent growth markets:
o Received multi-year MITR contract from the Canadian Armed Forces
o $14m DoW4 filter order received post period end
o New Middle East military order received for upgraded 'EXFIL Endurance' helmet post period end
Ambitious product development pipeline and M&A framework to drive next stage of growth
Firmly on track to meet or exceed FY26 guidance with exciting long-term growth prospects
Increasingly confident in H2 delivery with strong commercial and international pipelines
Still see significant operational improvement opportunities in both businesses
Clear pipeline of opportunities to outperform core markets and deliver sustainable growth
New mid-term growth targets to be set out with FY26 results
