Highlights

  • Goodwin expects FY26 pre-tax profit to exceed GBP 71M, up 100% year-on-year.
  • The board declares a one-off special interim dividend of 532 pence per share.
  • Two new board members appointed: Adam Deeth as Finance Director and Anthony Thomas as Director.

Goodwin PLC (LSE:GDWN) announced a significant upgrade to its profit expectations for the financial year ending 30 April 2026, citing trading across all divisions. The board stated that it now expects profit before tax to exceed GBP 71 million — a 100% increase from the previous year’s GBP 35.5 million.

The group attributed the performance to its product quality and its order book, which currently stands at GBP 365 million. It also noted increasing visibility across several defence and nuclear programmes not yet reflected in the order pipeline.

The company emphasized that it does not generally issue forward guidance but made an exception due to the substantial uplift in profitability and corresponding improvement in cash flow. The improved performance does not yet include contributions from the Polyimide Division, which is expected to begin contributing to the next financial year.

Special Interim Dividend Announced

Acknowledging shareholder support during prior investment programmes, the Board declared a special one-off interim dividend of 532 pence per share. This follows a 140 pence dividend paid earlier in October and an additional 140 pence dividend scheduled for payment around 10 April 2026.

The special interim dividend will be distributed on or around 21 November 2025 to shareholders on record as of 7 November 2025 (ex-dividend date 6 November 2025).

As the company nears a zero net debt position, it reported surplus cash generation and limited non-customer-funded capital expenditure. The group stated it remains in a position of financial strength, with low gearing compared to peers even after the dividend payout.

Board Appointments Strengthen Leadership Team

Goodwin also announced the appointment of Adam Deeth as Finance Director and Anthony Thomas as Director, both effective from 28 October 2025.

Adam Deeth, who joined Goodwin in 2022 and became Group Chief Accountant in 2023, was noted for his financial leadership and operational insight. Anthony Thomas, who joined in 2019 and serves as Group General Counsel, brings extensive legal and commercial expertise from his background in major engineering organisations.

Both executives have been key members of the company’s Executive Leadership Team, and their inclusion on the Board is expected to enhance governance and execution of strategic objectives.

Share Performance

The company shares are currently trading at GBX 22,000 up 42.39%.