Volution Group (FAN) H2 2026 TU earnings summary

Executive summary

• Adjusted EPS for FY26 expected to be approximately 38.0p, 4% above consensus and up 15% year-over-year, reflecting strong and consistent compounding earnings growth.

• Total revenue growth projected at around 15%, driven by resilient organic growth and the acquisition of AC Industries in Australasia.

• Broad-based margin expansion and disciplined commercial execution supported performance despite challenging UK market conditions.

Financial highlights

• Adjusted EPS of 38.0p expected, exceeding the consensus range of 35.2p to 37.1p.

• Organic revenue growth anticipated at approximately 3% constant currency, with total revenue growth of 15%.

• Operating cash conversion expected above 90%, reflecting strong inventory and working capital management.

• Leverage at year-end forecasted at 1.6x (ex-leases), maintaining balance sheet flexibility.

Outlook and guidance

• Continued focus on operational excellence and disciplined growth initiatives.

• Integration of AC Industries progressing well, with positive growth outlook in new end-markets.

• Full year results to be announced on 8 October 2026.