Highlights

  • Revenue rises 10.7% to GBP150.5m, with Aerospace & Defence up 52.1%.
  • Adjusted operating profit increases 37.3% to GBP14.4m, reflecting higher margins.
  • Order book grows 36.2% to GBP142.4m, with over 80% billable in FY26.

Gooch & Housego PLC (LSE:GHH), a manufacturer of optical components and systems, announced its audited results for the year ended 30 September 2025. Group revenue increased 10.7% to GBP150.5m (FY24: GBP136.0m). On an organic constant currency basis, revenue rose 5.6%. The Aerospace & Defence segment recorded growth of 52.1%, Industrial declined 5.3%, and Life Sciences remained flat.

Profit and Earnings
Adjusted operating profit rose 37.3% to GBP14.4m (FY24: GBP10.5m), with the adjusted operating margin improving to 9.6% from 7.7% in FY24. Adjusted profit before tax increased 46.8% to GBP11.9m (FY24: GBP8.1m). Adjusted basic earnings per share were 35.4p (FY24: 25.5p). Statutory profit before tax was GBP5.3m (FY24: GBP4.2m), and basic EPS was 13.7p (FY24: 12.7p). Total dividend per share remained unchanged at 13.2p.

Order Book and Investments
The Group’s order book closed at GBP142.4m, up 36.2% from FY24’s GBP104.5m, with more than 80% expected to be billable in FY26. Total order intake during the year reached GBP178.6m. Net bank debt excluding IFRS 16 rose to GBP29.9m (FY24: GBP16.0m), and total net debt was GBP43.9m (FY24: GBP25.8m), reflecting GBP10.1m spent on acquisitions and GBP7.5m on inventory. Group leverage increased to 1.3x from 0.9x in FY24.

Portfolio Developments
During the year, G&H completed acquisitions of Phoenix Optical in October 2024 and Global Photonics in June 2025. Both acquisitions are part of the Group’s strategy to support its transformation and integration plans.
Share Price Snapshot
GHH was trading 3.13%  Higher at GBX 528.0 per share as of 02 December 2025.