Trading Statement

(LSE/AIM:VSVS) Vesuvius plc released a trading update for H1 2026, stating that trading profit for H1 2026 is expected to be c. £74m. The company reported that operational issues in its Steel division and a challenging trading environment in Advanced Refractories, particularly in Europe, have impacted performance. FY25 reported revenue was £1,809.5m, with trading profit at £151.1m and return on sales at 8.4%. On a re-translated basis using H1 2026 average FX rates, revenue was £1,800.9m, trading profit £147.0m, and return on sales 8.2%. Vesuvius will announce its 2026 half year results at 7.00am on Thursday 30 July 2026. The company projects that full-year trading profit will be slightly ahead of trading profit for FY25 on a constant currency basis. Operational issues are expected to be resolved by the end of the year.