**Luceco PLC Q3 2025 Trading Update Summary:**
Luceco PLC, a leading designer and manufacturer of residential and commercial electrification products, reported strong Q3 2025 performance with double-digit revenue growth of 19.5%, driven primarily by continued momentum in EV charging products (up 64% like-for-like). Overall like-for-like revenue growth was approximately 10%, with encouraging growth across most other categories. Year-to-date like-for-like growth improved sequentially to around 5%, reflecting a positive trend (Q1: +0.6%, Q2: +3.2%, Q3: +10%). Operating margins increased by 40 basis points compared to Q3 2024.
The companyโs robust balance sheet, with a Bank Net Debt:EBITDA leverage ratio of 1.6x (within the target range of 1-2x), provides headroom for further investment in organic growth and M&A. Full-year profitability is now expected to be towards the upper end of market expectations, supported by strong year-to-date revenue growth and a robust Q4 order book. Analyst consensus for full-year 2025 Adjusted Operating Profit is ยฃ31.2m, with a range of ยฃ30.5m to ยฃ32.5m.
CEO John Hornby highlighted Lucecoโs sustainable competitive advantages, including superior channel access, agile product innovation, and vertically integrated manufacturing, as key drivers of growth. The companyโs EV charging products, particularly the Link EV Chargers, remain in strong demand. Luceco is well-positioned for <mark style="background-color:yellow">above</mark>-market growth, leveraging structural opportunities in electrification and its strategic advantages.
Operational efficiency improvements and synergy projects (e.g., CMD and D-Line integration) are progressing, further enhancing the companyโs market position and manufacturing capabilities. The update underscores Lucecoโs confidence in delivering strong revenue and profit growth for the full year.
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> ### Key Points in the Table:
1. **Revenue Growth**: Q3 2025 saw a 19.5% increase in revenue, with a 10% like-for-like growth compared to Q3 2024.
2. **EV Charging Revenue**: Continued strong growth at 64% year-on-year.
3. **Operating Margin**: Improved by 40 basis points in Q3 2025 compared to Q3 2024.
4. **Debt**: Bank Net Debt stood at ยฃ68.4m in Q3 2025, with a leverage ratio of 1.6x, within the target range of 1-2x.
5. **Year-to-Date Growth**: Like-for-like growth improved sequentially from Q1 to Q3 2025, reaching +5% year-to-date. This table provides a clear comparison of key financial and debt metrics between Q3 2024 and Q3 2025 for Luceco PLC.