Significant Revenue and Profit Growth
Revenue grew by 14%, leading to a 31% increase in adjusted operating profit, reaching $40.3 million. This reflects a strong performance across the board, with 16% growth in Avon Protection and 12% growth in Team Wendy.
Record Order Book
The order book at the end of 2025 reached a record $263 million, 16% higher than the prior year. Avon Protection's order intake was up 18% and the order book was up 63%.
Improved Financial Metrics
Return on invested capital came in at 18.6%, with cash conversion at 90%. Net finance costs reduced by 16% to $5.4 million.
Successful Product Launches
Launch of new products such as MITR lightweight Half Mask and powered goggles, and the CS-PAPR system, with significant interest and sales expected to increase in 2026.
Transformation Success
Most transformation initiatives are nearly complete, with significant operational improvements and efficiency gains.