The H1 trading update issued today confirms that trading went to plan in the six months to 31 March, with revenue and adjusted PBT in line with management expectations. Both divisions – Vicon and Smart Manufacturing – have continued to make progress. Importantly, the statement also confirms that, based on US tariff policy as currently stated, OM does not expect there to be material impact on the group, subject to changes and wider macro impacts. With c.£41m of cash, the balance sheet is strong and positions OM to drive growth both organically and through M&A.