24th Jun 2025 13:23
(Alliance News) - Dialight PLC on Tuesday reported a financial year "of continued improvement, in which it regained underlying profitability and revenue increased.
Shares in Dialight surged 37% to trade at 189.00 pence on Tuesday afternoon in London.
The industrial LED lighting company reported a pretax loss of USD14.1 million for the year ended March 31, narrowed from a USD31.1 million loss in the previous 12 months. Its prior official reporting period, due to a change of the financial year end, was the 15 months ended March 31, in which Dialight generated a pretax loss of USD34.3 million.
Revenue for financial 2025 rose 0.8% to USD183.1 million from USD182.1 million in the 12 months ended March 31, 2024.
Dialight also reported an underlying operating profit of USD4.2 million, against the prior year's USD1.9 million loss and a USD4.6 million loss in the prior 15 months.
"The financial year under review was one of continued improvement across Dialight as we made good progress against the four pillars of our transformation plan...It was a case of strengthening the business by doing what we said we would - and, ultimately, returning it to underlying profitability," Chief Executive Officer Steve Blair said.
He added that "the macroeconomic climate remains a challenging one", noting US-imposed tariffs, but said its imports from Mexico are exempt and those on imports from Asia have been "successfully offset...by modestly increasing prices".
"This situation continues to evolve, and there remains a risk that it may influence our customers' purchasing behaviour," Blair said. "We are monitoring this closely and we continue to scenario plan and strategise to help manage this."
Looking ahead, Blair said trading "has started well" in May and April, although Dialight remains mindful of "geopolitical uncertainties". He said it "[remains] confident" it will make "further progress", and is "excited about [its] medium-term prospects".
"We are driving what is within our control and are cautiously optimistic about what we can achieve on behalf of customers, employees, shareholders and indeed other stakeholders in the current financial year and beyond," he added.
By Emma Curzon, Alliance News reporter
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