While revenue growth surpassed guidance in FY24, the company is expecting a -30.7% YoY drop in revenues for FY25 amidst ongoing operating environment uncertainty. Many key customers in the EV market have postponed their CAPEX plans as the EV market continues to slow and uncertainty persists around US tariffs. Over the longer-term HT will seek to invest in R&D and develop a more optimal product mix incorporating more higher margin products. While revisions to the MTP will follow in November 2025, the company stands by its current shareholders return policy of the higher of 3.5% DOE or a dividend payout ratio of 60%.
