Strix Group (LSE:KETL) expects to deliver revenue of approximately £150 million and adjusted profit before tax in the range of £9.8 million to £10.2 million for the 15-month period ending 31 March 2026. The company said sales volumes outside China exceeded the previous year despite continued pressure from higher input costs, including copper, silver and plastics, alongside difficult market conditions. Within the Controls division, trading has improved following tariff-related disruptions, supported by the introduction of Low-Cost and Next Generation control products.
Consumer Goods division returns to growth
The Consumer Goods business has resumed growth following restructuring measures and is now placing greater emphasis on water filtration products. Strix is also pursuing product innovation in areas such as PFAS reduction technology, targeting a filtration market that management estimates is expanding by around 7% to 8% annually. The company believes these initiatives will strengthen its position in higher-growth segments while broadening its long-term product offering.
Shareholder returns reach £20 million
Strix is continuing to return capital to investors through a £10 million tender offer priced at 43 pence per share, which was fully subscribed, alongside a separate £10 million share buyback programme. Around £3.4 million of the repurchase scheme had been completed before it was temporarily paused to finalise the tender process. Management said the capital return programme reflects confidence in the company’s long-term prospects despite ongoing operational challenges.
Leadership transition underway amid competitive pressures
Corporate governance changes are also taking place as Chief Executive Mark Bartlett prepares to step down at the end of May 2026. Chairman Gary Lamb will oversee the interim period and lead the search for a successor. The transition comes as Strix works to defend its market position against lower-cost copycat manufacturers and improve production efficiency to protect profitability in increasingly price-sensitive and less regulated markets.
Outlook supported by technical momentum despite financial risks
The company’s outlook combines strong technical trading momentum and relatively attractive valuation metrics with ongoing financial challenges. While the stock continues to display a positive market trend, profitability pressures and leverage remain areas of concern that could affect the sustainability of long-term growth if not addressed.
More about Strix Group
Strix Group is an Isle of Man-based company listed on AIM and recognised globally for the design, manufacture and supply of kettle safety controls and related technologies for water heating, temperature control, steam management and water filtration. Through brands including Aqua Optima and LAICA, the company supplies water-related products internationally and continues to expand into complementary technologies and consumer solutions.
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