Highlights for the year ended 30 June 2021

• The business continues to grow and we are well positioned as markets recover post COVID-19.

• Positive momentum, with H2 underlying profit before tax of £13.0m, compared to £5.0m in H1.

• All segments, except Automotive & Industrial, increased profitability on the prior year:
  Energy & Environment and Rail performed strongly, with increased margin
  Defense⁽¹⁾ ABS Retro-Fit deliveries commenced​
  In Performance Products, transmission volumes increased year-on-year and engine volumes increased steadily throughout the year
  Within Automotive & Industrial, performance improved in the US and China and declined in EMEA

• Equity fund raise, together with a strong working capital performance, enabled the Group to reduce net debt by 36% to £46.9m.
• ​Final dividend of 5.11p per share (total dividend of 6.86p per share) declared