The twelve months to the end of March 2025 has been a difficult year for Castings with volumes deteriorating on the back of weaker demand from the heavy truck market. The inherent operational gearing within the business has seen profitability decline to £5.6m (FY24: £21.3m) on revenue declining 21.1% to £177.0m (FY24: £224.4m). FY25 results are a disappointment but the business is inherently cyclical and very operationally geared due to the high level of fixed cost base. However, the business is ....
