Sanmina Final Agreement, Trading update

Dialight PLC

31 March 2025

Dialight plc (Dialight)

Update announcement

Sanmina - settlement agreement

A full and final settlement agreement has now been entered into with Sanmina. Summary details remain as per those disclosed in our previous announcement of 28 January 2025. The first payment due by 31 March 2025 of $4m has been made to Sanmina.

Trading update

As we come to the end of the financial year ending 31 March 2025, underlying operating profit before tax for the Group is expected to be ahead of market expectations. We will provide further detail on the full year result once the year is complete and the outcome of US tariffs on Mexican imports is known. The full year results are due to be released in June 2025.

Contacts: 

Dialight plc

Steve Blair, CEO Tel: +44 (0) 203 404 7757

Mark Fryer, CFO Tel: +44 (0) 203 058 3528

Investec Bank plc (Financial Adviser and Corporate Broker)

Tel: +44 (0)207 597 5970

Christopher Baird / James Rudd

Dialight plc

LEI: 2138001AD31KKD29Z495

About Dialight: Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications. Dialight's LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance and achieving a rapid return on investment. The company is headquartered in the UK with operations in Australia, Dubai, Germany, Malaysia, Mexico, Singapore, the UK and the USA. www.dialight.com.