Luceco reports double-digit growth, raises annual dividend
Luceco PLC shares rose on Wednesday after it reported increasing revenue and profit in ‘another strong performance’, and said it is well-placed to weather the current global economic headwinds.
Shares in Luceco were 8.9% higher at 173.75 pence on Wednesday in London.
The London-based lighting manufacturer and distributor’s pretax profit was £24.7 million for 2025, up 31% from £18.9 million in 2024. Operating profit rose 36% to £31.6 million from £23.2 million.
Revenue increased 12% to £271.4 million from £242.5 million, with like-for-like growth of 4.6%. Luceco said electric vehicle charging sales surged 85% to £18.1 million, with approximately 2% growth in Wiring Accessories and LED Lighting sales, showing ongoing ‘solid performance in core products’.
Luceco proposed a full-year dividend of 6.0p per share, up 20% on-year from 5.0p.
Adjusted pretax profit, meanwhile, increased 12% to £27.8 million from £24.9 million. Adjusted operating profit increased 17% to £33.8 million from £29.0 million, beating analyst consensus of a 7.6% rise to £31.2 million.
‘We delivered another strong performance in 2025, with momentum building through the year, again demonstrating the group’s ability to deliver compound growth,’ commented Chief Executive John Hornby.
Hornby continued: ‘Our competitive advantages in channel reach, new product innovation, integrated manufacturing, and ability to organically fund disciplined M&A position us well to deliver continued profitable growth across our established categories and our expanding role in the energy transition.
‘Given the group’s continued momentum and strong start to 2026 we are upgrading expectations for the full year.’
Luceco said that its strong momentum has continued into the first quarter of 2026, ‘with like-for-like double-digit revenue growth for the first two months...driven by strong performances in the majority of our product categories, channels and territories.’
‘While the board remains mindful of recent global economic disruption, the impact of the conflict in the Middle East is not yet known and the group is well placed to manage its operations with appropriate resilience and contingency measures,’ Luceco added.
The company said it now expects over £37 million in adjusted operating profit for this year, ‘with the potential for further significant outperformance dependent on demand flexibility’. It noted that the analyst consensus range, as of Tuesday, is for 2026 adjusted operating profit between £34.7 million and £36.5 million.
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