Zotefoams H1 2026 results, released Wednesday morning, confirmed group revenue rose 23% to £95.2m in the six months to end-June, with adjusted operating profit up 34% to £16.3m.
The supercritical foam manufacturer, listed on the London Stock Exchange as ZTF, trades at 458p and carries a market capitalisation of £229m.
Profit Growth Accelerates as Vietnam Facility Nears Production
The revenue and profit figures represent an acceleration on the prior year’s already strong first half. In its H1 2025 interim results, the company reported gross profit up 14% to £26.8m, against £23.6m in the equivalent 2024 period, and operating profit up 26% to £12.2m from £9.7m.
Profit before tax in H1 2025 rose 37% to £11.4m. Basic earnings per share climbed 55% to 19.99p, from 12.89p a year earlier, despite a £0.3m currency headwind on operating profit.
The H1 2026 update also confirmed the Vietnam manufacturing facility remains on track for trial production in October, a milestone the group has flagged as central to its footwear supply chain strategy. The South Korea Footwear Innovation Centre is already operational and hosting customers.
Zotefoams H1 2026 Results in Context: Three Years of Beating Forecasts
The full-year 2025 preliminary results showed EMEA revenue up 9.4% to £123.9m, from £113.3m in 2024, driven by Consumer and Lifestyle volumes and footwear supply chain migration from China to Vietnam. Overall asset utilisation improved by approximately 4%.
As of January 2026, the Zotefoams-compiled consensus for the year ending 31 December 2025 stood at £155.2m for net revenue and £20.5m for adjusted profit before income tax. Chief executive Ronan Cox said the company closed that year with record profits ahead of market expectations for the third consecutive year.
The shares have moved sharply since late March, recovering from a low of 330p to touch 472p in the final week of July. They reached 595p two years ago.
Strategy Extends Into New Verticals and Partnerships
Zotefoams’ ‘Expanding Beyond The Core’ strategy repositions the group from a product-led business into three market verticals: Consumer and Lifestyle; Transport and Smart Technologies; and Construction and Industrial. Investment in the South Korea innovation centre and a UK Centre of Excellence support that pivot.
The Transport and Smart Technologies segment recorded revenue of £17.5m in H1 2025, up 1% from £17.2m, with aerospace performing ahead of expectations. Foam products are in use across Boeing 787 and 737 platforms, Airbus A350 programmes, and multiple SpaceX launch systems.
A post-period partnership with Seoheung Co. Ltd., a footwear supply chain specialist operating across Korea, Vietnam, Indonesia, and China, was disclosed alongside the H1 2025 results. The tie-up deepens the group’s penetration of footwear brand supply chains as production migrates out of China.
The Vietnam facility coming online in October is the next concrete test of whether that footwear pivot can translate into a step-change in volumes for the second half.
