Senior adjusted profit rises in 2025 after Aerostructures sale
Senior PLC on Monday reported higher revenue and improved adjusted profit for 2025, as it completed the sale of its Aerostructures division and positioned itself as a focused fluid conveyance and thermal management group.
The Hertfordshire-based engineering and manufacturing company said revenue from continuing operations rose 4.4% to £738.2 million in 2025 from £707.4 million a year earlier, or 6% at constant currency.
Pretax profit fell 8.8% to £34.1 million from £37.4 million, while basic earnings per share from continuing operations declined 18% to 6.60 pence from 8.01p.
However, adjusted pretax profit from continuing operations increased 21% to £51.2 million from £42.2 million, while adjusted EPS rose 8.9% to 9.65p from 8.86p. Adjusted operating profit climbed 20% to £63.6 million, lifting the adjusted operating margin to 8.6% from 7.5%.
The board proposed a final dividend of 2.15p per share, up 30% year-on-year, bringing the total dividend for 2025 to 3.00p, a 25% increase from 2.40p in 2024.
Senior reported a loss after tax of £4.2 million for the year, compared with a profit of £25.9 million in 2024, reflecting a £31.5 million loss from discontinued operations linked to the disposal of its Aerostructures business to Sullivan Street Partners Ltd.
Return on capital employed improved to 13.1% from 11.7%, while free cash flow rose 37% to £35.8 million. Net debt excluding leases fell to £73.3 million from £153.4 million, reducing leverage to 0.9 times from 1.8 times.
Chief Executive David Squires said 2025 had been a ‘pivotal year’ following the completion of the Aerostructures sale on December 31, ‘a crucial element in delivering on our strategy to be a market-leading Fluid Conveyance and Thermal Management company supplying highly engineered products and systems’, Squires added.
Senior said trading in the first two months of 2026 has started ‘well’ and remains in line with board expectations. The group expects further Aerospace growth in 2026, driven by higher civil aircraft build rates and defence demand, while noting ‘softer’ end markets for parts of the Flexonics business.
The company added that it remains on track to achieve its medium-term financial targets, including double-digit group operating margins, cash conversion above 85% through the cycle and return on capital employed of 15% to 20%.
Senior shares were down 2.3% at 301.00 pence in London midday on Monday.
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