AGM Statement

7 August 2025

Volex plc

("Volex", the "Company", or the "Group")

AGM Statement

Strong trading momentum continues into FY2026

Q1 provides confidence in achieving full year expectations

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to report a trading update for the three months ended 30 June 2025, ahead of the Company's annual general meeting, being held at 2.00 pm today.

Positive start to financial year underpins full year expectations

Volex has delivered a strong start to the new financial year, with the first-quarter trading performance in line with management's expectations. The positive momentum outlined at the Group's FY2025 results has continued into FY2026, despite uncertain macroeconomic conditions, reinforcing confidence in the strategy and outlook for the full year.

Q1 FY2026 constant currency organic revenue increased by 10.4% year-on-year. This strong growth reflects the continued momentum in the Electric Vehicles and Complex Industrial Technology end-markets, notably among Data Centre customers, as well as good growth in Off-Highway.

Operational execution

We continue to collaborate closely with our global customers to support their supply chain relocation strategies, navigating the evolving tariff landscape with agility.

As part of the ongoing integration of Murat Ticaret and the associated profitability enhancement initiatives, we have successfully closed one of the legacy sites acquired with the acquisition. All operations have been fully transitioned to other facilities within Türkiye, with no disruption to customers. This site consolidation will improve customer service and deliver operational efficiencies.

Outlook

The encouraging performance in the first quarter, coupled with a pipeline of commercial opportunities, underpins the Board's confidence in Volex's ability to meet its FY2026 expectations. We remain well-positioned to make further progress towards the delivery of our five-year strategic plan and to drive continued value creation for shareholders.

-ENDS-

For further information please contact:

Nat Rothschild, Executive Chairman [email protected]

Jon Boaden, Chief Financial Officer

Peel Hunt LLP - Nominated Adviser & Joint Broker +44 (0) 20 7418 8900

Ed Allsopp

Dom Convey

Tom Graham

Jefferies - Joint Broker +44 (0) 20 7029 8000

Philip NobletSam Barnett

Harry Le May

Sodali & Co. - Media Enquiries +44 (0) 20 7250 1446

James WhiteNicholas Johnson

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 25 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations. Our extraordinary products find their way to market through our localised sales teams and authorised distributor partners, supporting Original Equipment Manufacturers and Electronic Manufacturing Services companies across the globe. In a world that grows more digitally complex by the day, customers trust us to deliver power and connectivity that drives everything from household essentials to life-saving medical equipment. Learn more at www.volex.com.

This announcement contains certain forward-looking statements which have been made by the Directors in good faith using information available up until the date they approved the announcement. Forward-looking statements should be regarded with caution as, by their nature, such statements involve risk and uncertainties relating to events and circumstances that may occur in the future. Actual results may differ from those expressed in such statements, depending on the outcome of these uncertain future events.