By Abigail Townsend
Date: Tuesday 21 Oct 2025
LONDON (ShareCast) - (Sharecast News) - XP Power reiterated its full-year outlook on Tuesday, after the London-listed firm saw a "material" improvement in profitability in the third quarter.
Updating on trading, the Singapore-headquartered business - which designs and manufacturers power controllers - said the order intake was £55.3m in the three months to 30 September, up 18% on a constant currency basis.
Revenues were unchanged on the same quarter a year ago, but ticked up 3% compared to the previous three months.
The order book as at the end of the quarter was £119.4m.
Net debt rose £2.8m to £60.7m quarter-on-quarter, due to currency movements and planned capital expenditure on the firm's new Malaysia production facility.
Looking ahead, XP Power said: "Our full-year outlook is in line with current market expectations. We have seen a material step-up in profitability in the third quarter, and we expect this to be sustained through the year-end."
Consensus is currently for final adjusted operating profits of between £16.3m and £18.2m.
The group concluded: "The run rates provide increasing confidence going into 2026 in what we expect to remain cautious end-markets."
XP Power supplies original equipment manufacturers in a number of sectors, including semiconductors and industrial technology.
| Currency | UK Pounds |
| Price | 1,836.00p |
| Change Today | 94.00p |
| 52 Week High | 2,010.00p |
| 52 Week Low | 857.00p |
| Volume | 9,277 |
| Shares Issued | 28.03m |
| Market Cap | £514.67m |