23rd Jun 2026 10:39
(Alliance News) - Dialight PLC on Tuesday expressed optimism around future trading, as it posted a swing to annual profit amid a decline in revenue.
The London-based industrial light-emitting diode lighting company reported a swing to pretax profit of USD3.8 million for the financial year ended March 31, from a loss of USD14.1 million a year prior.
Revenue however fell 9.0% to USD166.9 million from USD183.5 million, as Dialight noted "challenging market conditions" for Lighting, as capital projects were deferred. The company noted this was offset in part by a positive performance in Signals & Components.
Driving the improved earnings were lower costs, as distribution costs fell 11% to USD25.7 million from USD29.0 million, and administrative expenses declined 33% to USD35.5 million from USD52.8 million.
Looking to the current financial year, the company said it confident in its focus to continue to achieve steady sales growth, achieve strong profit growth as well as eliminate bank debt.
Shares in Dialight were trading 1.9% higher at 376.98 pence on Tuesday morning in London.
"Despite the group continuing to operate in a challenging geopolitical environment, I am delighted with our full-year performance which has been underpinned by the completion of the first round of our transformation initiatives," said Chief Executive Steve Blair.
"The outlook is promising as we execute three key production-related transformation projects and drive sales growth through new people, new markets and new products. I expect these to translate into good profit growth and cash generation in the current financial year and beyond."
By Christopher Ward, Alliance News reporter
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