Avingtrans (LSE:AVG) reported record revenue of £163.3 million for the year ended 31 May 2026, up 4.4%, as its energy division expanded and its medical operations increased revenue.
Gross margin increased to 32.8%, while adjusted EBITDA from continuing operations reached £20.7 million, ahead of upgraded market expectations cited by the company.
Adjusted profit before tax rose to £12.5 million and earnings per share increased to 31.3 pence. Net debt declined slightly during the year.
The board proposed a total dividend of 5.1 pence per share, representing a small increase from the previous year.
Energy Division Secures Nuclear Contracts
Avingtrans reported growth in its energy division, led by Hayward Tyler, with activity supported by investment across data centre infrastructure, transport electrification and nuclear power markets.
Hayward Tyler secured nuclear contracts in South Korea during the year and continued work associated with TerraPower.
Other group businesses, including Ormandy, Metalcraft and Booth, also secured new contracts during the period.
Avingtrans said U.S. tariffs affected operations at Slack and Parr.
Medical Revenue Rises as Losses Narrow
The group’s medical division increased revenue during the year and reduced its losses.
Adaptix secured regulatory approvals and added distributors for its medical imaging technology, while Magnetica continued development of its magnetic resonance imaging product pipeline.
SciMag also recorded increased demand associated with quantum computing applications.
£20 Million Placing Completed After Year-End
Following the end of the financial year, Avingtrans completed an oversubscribed £20 million share placing.
The company said the proceeds are intended to support expansion at Hayward Tyler and its wider strategy of making targeted acquisitions while maintaining conservative levels of leverage.
Avingtrans operates a portfolio of engineering businesses serving energy, medical and industrial markets. Its businesses include Hayward Tyler, Slack and Parr, Energy Steel, Stainless Metalcraft, Booth Industries, Ormandy Group and Composite Products.
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