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Strip Tinning narrows losses as battery push and new projects set up 2026 growth

Story Highlights
  • Strip Tinning improved margins and cut losses in 2025 as it shifted from low-margin glazing connectors to higher-value battery and smart glazing products, with cash generation improving and an order book above £100m.
  • Three major projects, including Zoox robotaxi battery systems and two PDLC roof-glass programmes, are moving into serial production in 2026, with management targeting EBITDA positivity from 2026 but seeking extra funding to ease working capital strain.
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Strip Tinning narrows losses as battery push and new projects set up 2026 growth

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An announcement from Strip Tinning Holdings plc ( (GB:STG) ) is now available.

Strip Tinning reported 2025 revenue of £8.6m, slightly down from £9.0m, as it deliberately shifted away from lower-margin glazing connectors towards higher-value battery and smart glazing products, lifting gross margin from 33.1% to 40.0%. The Battery Technologies division more than doubled sales to £2.1m, while adjusted EBITDA loss narrowed sharply to £0.5m, supported by over £3.5m of cost and capex cuts, improved cash generation and a lifetime order book above £100m.

Operationally, the Group advanced three major new projects, including two PDLC roof-glass programmes and a Zoox robotaxi battery system, all moving into or towards serial production in 2026 and expected to drive a step-up in divisional revenues. Management is targeting EBITDA positivity from 2026 and cash generation from 2027, but acknowledges working capital will remain tight as volumes ramp up, prompting plans to secure additional debt, grants and potentially new investment to support execution and capture further growth opportunities.

The most recent analyst rating on (GB:STG) stock is a Sell with a £21.00 price target. To see the full list of analyst forecasts on Strip Tinning Holdings plc stock, see the GB:STG Stock Forecast page.

Spark’s Take on STG Stock

According to Spark, TipRanks’ AI Analyst, STG is a Underperform.

The score is primarily constrained by weak financial performance (declining revenue, losses, higher leverage, and negative free cash flow). Technicals add additional caution with price below key moving averages and a negative MACD, while valuation is also pressured by a negative P/E and no dividend yield data.

To see Spark’s full report on STG stock, click here.

More about Strip Tinning Holdings plc

Strip Tinning Holdings plc is a U.K.-based supplier of specialist connection systems to the automotive sector, focusing on glazing connectors and battery technologies for both automotive and non-automotive applications. The Group is increasingly pivoting from lower-margin traditional glazing connectors towards higher-margin components used in advanced battery systems and smart roof glass, positioning itself in growing segments of the electric and connected vehicle market.

Average Trading Volume: 16,644

Technical Sentiment Signal: Sell

Current Market Cap: £3.46M

For a thorough assessment of STG stock, go to TipRanks’ Stock Analysis page.

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