TT Electronics has reiterated its full-year guidance after reporting group revenue of £150.4m in the four-month period to 25 October.

The electronics manufacturer said all regions had performed “broadly in line” with its expectations but warned that it would still need to “step up” to meet it profit expectations before the end of the year.

TT, posting a trading update covering the first four months of its H2 period, also revealed that its net debt had increased slightly to £77m, from £73m at the end of June.

The company said it was still projecting an adjusted operating profit of £33.7m, although acknowledged that to achieve this it would require a “significant step up in November and December performance”, with around £12m of profit to be delivered in these final two months of the financial year.

This includes approximately £2m of profit arising from non-repeat last time buys, due to the closure of the group’s Plano site.

“In view of the ongoing market uncertainties and challenging trading environment, the TT board believes it is difficult to predict how TT will perform in 2026,” a company statement said.

“However, if market activity remains at current levels, underlying trading in 2026 is expected to be broadly in line with 2025, except there will be no repeat of the last time buys at Plano which, as explained above, are expected to benefit 2025 by approximately £2m.

“The TT board is budgeting and making operational decisions on the basis that this is the most likely scenario. As part of this, the board is undertaking an analysis of further cost actions.”

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