Velocity Composites plc (LSE:VEL) reported that unaudited revenue for fiscal year 2025 declined to £20.7 million, primarily due to reduced Airbus A350 production rates and delays in program transfers from a key US customer. Despite the revenue shortfall, the company expects adjusted EBITDA to more than double compared to FY24, reflecting the benefits of operational efficiencies and streamlined cost structures. Velocity remains confident in its long-term outlook, emphasizing cash generation and continuous operational improvement to support future growth.
Looking ahead, the board anticipates FY26 revenue will come in below current market forecasts as project delays and broader market adjustments persist. However, further EBITDA improvement is expected as efficiency gains continue to take effect.
More about Velocity Composites plc
Headquartered in Burnley, UK, Velocity Composites plc supplies advanced composite material kits to the aerospace and other high-performance manufacturing industries. The company’s clients include major global manufacturers such as Airbus, Boeing, and GKN. Leveraging proprietary technology to enhance cost efficiency and sustainability, Velocity is also exploring opportunities in emerging sectors including wind energy, urban air mobility, and electric vehicles.
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