Senior adjusted profit jumps, boosted by Aerospace and Flexonics

Senior PLC on Monday said growth in civil aircraft build rates in its Aerospace unit is expected to drive "continued strong progress" as it reported a sharp rise in adjusted interim profit.

The Hertfordshire, England-based components and systems manufacturer said it swung to a pretax loss of £5.6 million in the first half of 2026, from a profit of £22.8 million a year ago.

Adjusted pretax profit, however, jumped 38% to £34.8 million from £25.3 million.

For adjusted figures, the company, among others, excluded £39.0 million in costs associated with corporate undertakings for the first half of 2026, compared to just £300,000 a year prior.

Of the £39.0 million in costs, £34.7 million relates to contingent adviser and employee-related remuneration costs associated with Senior being acquired by Zeus UK Bidco Ltd, a consortium led by Tinicum Inc and Blackstone Inc.

In April, Senior agreed to a 300 pence per share offer from the consortium, valuing the firm at £1.28 billion on a fully diluted basis, with an implied enterprise value of £1.40 billion.

Under the agreement, shareholders will receive 297.85p in cash and a final dividend of 2.15p per share for every share in Senior held.

Senior, citing its incoming takeover, declared no interim dividend, compared to 0.85 pence per share a year prior.

Operating profit surged 30% to £37.7 million from £29.0 million, while adjusted operating profit rose 25% to £39.1 million from £31.2 million.

Revenue rose 5.3% to £390.8 million from £371.2 million.

The company said its Aerospace division continued its positive momentum, with order intake, sales, profitability, and operating margins showing "excellent growth".

Looking ahead, Chief Executive Officer David Squires said: "In Aerospace, growth in civil aircraft build rates and increased demand across other core markets is expected to drive continued strong progress in 2026 and beyond. Flexonics's expectations for the full year have improved as the year has progressed, driven by a robust North American Heavy-Duty truck market and strong operational performance.

"With both Aerospace and Flexonics divisions performing strongly, the Board remains confident of delivering full-year performance in line with the upgraded expectations announced in the July post-close trading update."

Senior shares rose 0.7% to 292.50 pence each on Monday afternoon in London.

Copyright 2026 Alliance News Ltd. All Rights Reserved.