**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.