LPA Group plc (LSE:LPA) reported a 30% increase in revenue to £28.1 million for the financial year ended 30 September 2026, with adjusted earnings expected to meet its recently upgraded guidance.
The engineering company, which designs and manufactures electronic and electro-mechanical components and systems, also reported annual order intake of £20.7 million and a closing order book of £25.1 million.
LPA confirmed that its financial guidance for FY2027 remains unchanged.
FY2026 Revenue Increases 30%
LPA Group reported revenue of £28.1 million for FY2026, representing a 30% increase compared with the previous financial year.
The company expects adjusted earnings for the period to be in line with its recently increased guidance, although the trading update did not provide a specific adjusted earnings figure.
Management also confirmed that revenue and margins for the year exceeded the company’s original expectations.
The reported figures reflect the group’s trading performance for the 12 months ended 30 September 2026.
Order Intake Reaches £20.7 Million
LPA recorded £20.7 million in new orders during FY2026, ending the financial year with a total order book valued at £25.1 million.
The order book represents contracted business held by the company at the end of September.
Management also reported a pipeline of prospective business opportunities entering FY2027, although the update did not quantify the value of those opportunities.
The company continues to pursue geographic expansion and entry into additional market segments using its existing product portfolio.
Exceptional Income to Benefit Reported Profit
LPA confirmed that reported profit before tax for FY2026 will include a benefit from net exceptional income.
The exceptional income relates to an accelerated payment under an existing contract following changes to customer requirements.
The company had previously disclosed the payment and reiterated its expected impact on reported profitability in the latest trading update.
The announcement did not specify the value of the exceptional income or provide a forecast for reported profit before tax.
Adjusted earnings are expected to remain consistent with the company’s recently upgraded guidance.
FY2027 Financial Guidance Maintained
LPA Group reaffirmed its existing guidance for FY2027 without announcing any changes to its financial expectations.
The company continues to implement its group-wide One LPA transformation programme, which forms part of its operational and strategic development plans.
Management identified geographical expansion and increased participation in new market segments as elements of its strategy.
LPA also acknowledged continuing inflationary pressures and macroeconomic uncertainty as factors affecting the wider operating environment.
The company did not provide additional financial targets or revised forecasts for FY2027 in the trading statement.
Chief Executive Comments on Performance and Strategy
Philo Daniel-Tran, chief executive officer of LPA Group, commented on the company’s financial performance and strategic priorities:
“I am delighted that the Group concluded the FY26 year exceeding original expectations for both revenue and margins. Looking ahead we enter the new financial year with a healthy pipeline of opportunities and remain on track in delivering our strategic Group wide ‘One LPA’ transformation. While inflationary pressures and macroeconomic uncertainties persist, the strength of our balance sheet combined with our strategy of geographical expansion and penetration into new market segments with our existing product portfolio, gives us confidence that the Group is well positioned to capture future opportunities to deliver sustainable long-term growth for all stakeholders.”
The company indicated that its One LPA programme remains on schedule and that its existing strategy will continue into the new financial year.
More About LPA Group
LPA Group plc (LSE:LPA) is an engineering company specialising in the design and manufacture of electronic and electro-mechanical components and systems.
The company is pursuing a group-wide transformation programme under its One LPA strategy, alongside geographic expansion and the development of additional markets for its existing products.
For FY2026, LPA reported revenue of £28.1 million, order intake of £20.7 million and a closing order book of £25.1 million.
Adjusted earnings are expected to meet the company’s recently increased guidance, while reported profit before tax will include net exceptional income associated with an accelerated contractual payment.
Financial guidance for FY2027 remains unchanged.
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