22nd Jul 2026 11:53
(Alliance News) - Dialight PLC on Wednesday celebrated "strong sales growth" in the first quarter of its financial year, as it expects annual profit to be ahead of its previous expectations.
The London-based industrial light-emitting diode lighting company said "strong" sales growth in the first quarter of its financial year, which started on April 1, comfortably beat its expectations of "3% to 5% plus sales growth".
Further, gross margin easily beat its own expectations of "45% plus", with the improvement flowing directly through to increased underlying profitability. Dialight said: "This has also meant that the group has exceeded the newly issued, and upgraded, return on sales target of 15% plus in the first quarter of the year."
The company said that it is now in a net cash position and expects further cash generation for the rest of the current financial year.
Dialight said that, based on its performance to date and current outlook, it expects profit in the current financial year ending on March 31 to be ahead of its previous expectations. Dialight swung to a pretax profit of USD3.8 million in financial 2026 from a loss of USD14.1 million in financial 2025.
The firm will publish its results for the six months ending September 30 on November 10.
Dialight shares rose 5.7% to 427.00 pence each on Wednesday around noon in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Dialight