Xaar sees FY profits 'marginally' ahead of expectations, shares spark

14th Jan 2026 11:03

(Sharecast News) - Xaar shares shot higher on Wednesday after the inkjet printing technology group said full-year profits were set to be marginally ahead of expectations.

In an update for the year to the end of December, Xaar said revenue was expected to have risen 16.6% on a like-for-like basis to £60.3m.

Revenues in the core ceramics segments have been stable, it said, with growth coming from newer products and markets, notably jewellery wax. Printhead revenue grew 28.9%.

Xaar said gross margins have benefitted from volume performance and cost control and the group expects full-year adjusted profits to be marginally ahead of expectations.

The year-end net cash position is around £4.8m, down from £8.2m in 2024, after capital investment of £3.1m.

The company said: "Xaar's differentiated technology allows the precise deposition of specialist fluids. Over the last five years the group has been developing this unique capability for new applications beyond its core ceramics market.

"The benefits of these developments are evident in 2025 revenues and, while the timing of such projects can be uncertain, the board is optimistic about the range and scale of the opportunities ahead."

Full-year results are due to be published on 24 March.

At 1100 GMT, the shares were up 6.3% at 108.42p.