Xaar PLC, an inkjet printing technology group, reported its audited results for the year ended 31 December 2025. Key highlights include
Revenue from continuing operations increased by 12% to £60.1 million, with printhead revenue up 22% to £43.0 million.
Adjusted profit before tax from continuing operations was £0.8 million, compared to a loss of £1.0 million in 2024.
Net cash decreased to £4.9 million, after investing £2.0 million in capex and £0.9 million in share purchases.
R&D investment remained consistent at around 10% of revenue.
The company achieved a commercial breakthrough in the jewellery wax 3D printing market and made progress in other key development projects.
A new facility was opened in Dongguan, China, for ink-delivery manufacturing, customer demonstration, and supply-chain optimization.
Gross margins improved to 40%, and adjusted EBITDA increased by 56% to £3.5 million.
The company ended the year with a healthy order book and is well-positioned for further progress in 2026 and beyond.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Revenue from Continuing Operations (£ million) | 53.8 | 60.1 | +12% |
| Printhead Revenue (£ million) | 35.2 | 43.0 | +22% |
| Adjusted Profit Before Tax (£ million) | (1.0) | 0.8 | +179% |
| Net Cash (£ million) | 8.2 | 4.9 | -40% |
| Gross Margin (%) | 37% | 40% | +3% |
| Adjusted EBITDA (£ million) | 2.2 | 3.5 | +56% |
| Reported Loss for the Period (£ million) | (8.6) | (3.0) | -65% |
| Loss from Discontinued Operations (£ million) | (2.3) | (0.4) | -84% |
| Adjusted Earnings per Share (pence) | 0.7 | 1.1 | +0.4p |
| Basic Loss per Share (pence) | (13.7) | (4.3) | +9.4p |