Xaar Grows Revenue 12% to £60.1M, Printhead Segment Up 22%
Xaar PLC's group revenue rose 12% to £60.1 million for full-year 2025, driven by 22% Printhead segment growth and a 300 basis point gross margin lift to 40%. Net cash fell to £4.9 million and US EPS revenue declined 10% as OpEx climbed 11% for strategic capability rebuilding.
1. Financial Results
Xaar PLC reported group revenue of £60.1 million for fiscal 2025, marking a 12% year-over-year increase. Adjusted profit before tax reached £0.8 million, surpassing consensus by 8%.
2. Printhead Segment and Technology
Revenue in the Printhead division jumped 22%, fueled by jewelry wax printing commercialization and unique fluid-printing capabilities protected by over 147 patents. The segment’s gross margin improved by 300 basis points to 40%, reflecting enhanced operational efficiency and pricing power.
3. Cash, Expenses and Outlook
Net cash declined to £4.9 million as operating expenditure rose 11% to rebuild capabilities and support growth initiatives. US EPS revenue fell 10% due to the end of a multi-year contract, and timing for further commercialization remains uncertain given OEM and end-user market dependencies.