16th Sep 2025 13:35
(Alliance News) - Focusrite PLC shares climbed as it said interim revenue increased in a "resilient" performance despite "continuing difficult trading conditions".
The High Wycombe, England-based music and audio products firm said revenue in the six months to the end of August amounted to GBP87 million, rising by 6.6% from GBP81.6 million a year ago.
Shares in Focusrite jumped 18% to 194.00 pence in London on Tuesday afternoon.
The comparative period was Focusrite's second half of the prior financial year. It changed its year-end to February 28 from the end of August.
The firm's next batch of audited results will be for the 18 months to February 28, 2026.
For the 12 months to the end of August, Focusrite said revenue is 6.0% higher at GBP168 million from GBP158.5 million a year ago.
The firm said growth during the period was supported by "strong contributions" from the Content Creation arm, Focusrite noted.
Revenue in Audio Reproduction was "marginally lower" than the previous year in line with post-Covid demand trends. Despite the fall, Focusrite said it maintains a healthy pipeline.
Gross margins "improved slightly" compared to the six months to February 2025, despite tariff increases.
"While macroeconomic conditions remain uncertain, particularly in the US, the group has taken proactive steps to mitigate risks through supply chain flexibility, selective price adjustments, and prudent inventory management," the company said.
It expects adjusted earnings before interest, tax, depreciation, and amortisation for the 12 months to August to be within the range of market forecasts, which it puts at GBP24.5 million to GBP26.0 million.
By Michael Hennessey, Alliance News reporter
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