Gooch & Housego AIM:GHH
- Founded
- 1948 · Ilminster, England
- Incorporated
- United Kingdom
- Chief executive
- Charlie Peppiatt
- Reports in
- GBP
- Companies House
- 00526832
Photonics group manufacturing precision optical components and systems, including acousto-optic devices, fibre-optic modules and precision optics used in industrial lasers, aerospace and defence, life sciences and scientific research. Operates manufacturing sites in the UK and US, supplying many of the world's laser and satellite programmes.
Read straight from the annual reports
1,225p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201509/15 | FY201609/16 | FY201709/17 | FY201809/18 | FY201909/19 | FY202009/20 | FY202109/21 | FY202209/22 | FY202309/23 | FY202409/24 | FY202509/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 135.0 | |||||||||||
| Gross profit | later 40.3 | |||||||||||
| Operating profit | later 7.8 | |||||||||||
| Adjusted operating profit | later 12.1 | |||||||||||
| Exceptional items | — | — | vs 4.9 | later 4.3 | vs 3.7 | |||||||
| Net finance cost | ||||||||||||
| Profit before tax | later 6.0 | |||||||||||
| Adjusted profit before tax | later 10.3 | |||||||||||
| Tax charge | later 1.1 | |||||||||||
| Profit for the year | ||||||||||||
| EBITDA | ||||||||||||
| Adjusted minus statutory PBT | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | ||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Aerospace & Defence demand growth
A&D revenue up 52.1% to £52.4m (FY2024: £34.5m), organic constant currency growth of 27.2%, driven by imaging/sighting systems for armoured vehicles/UAVs, ring laser gyros and new programme wins
page 25Industrial semiconductor/laser market softness
Industrial revenue down 5.3% to £64.3m due to subdued semiconductor market and protracted destocking; some recovery expected H2 FY2026
page 25Higher revenue and operational efficiencies
Adjusted operating margin increased to 9.6% (FY2024: 7.7%) reflecting higher revenue, restrained costs and operational improvements
page 29Transfer of production to contract manufacturing partners
Full transfer of hi-reliability fibre coupler production to Asian contract manufacturing partner freed up Torquay capacity for higher-value complex fibre optic modules
page 25The Board's expectations for FY2026 are unchanged, including an H2 weighting and with Germanium again a key variable
page 28On 8 October 2025, the Company issued 84,477 new ordinary shares of 20p each as final consideration payment for the Global Photonics acquisition (completed 18 June 2025)
page 145Proposed unchanged final dividend of 8.3p per share (2024: 8.3p), giving a total FY2025 dividend of 13.2p (2024: 13.2p) combined with the 4.9p interim paid in July 2025; final dividend value £2.3m; the Board continues to review dividend policy to assess whether some element should be reinvested in the business to generate higher shareholder returns, and the final dividend was held flat given planned capex increases to support the growing order book
page 30Independent Auditor is PricewaterhouseCoopers LLP (proposed for re-appointment at the 2026 AGM). Directors reviewed severe-but-plausible downside scenarios (recession and reduced demand in commercial aerospace/industrial laser markets, price erosion from competition, input cost inflation not passed to customers, cyber-attack, loss of key personnel/inability to hire, closure of a site due to legal non-compliance) and, comparing downside cash projections and covenant performance against available facilities, concluded the Group/Company can continue to operate even if several risks occurred simultaneously; going concern basis adopted for at least 12 months from approval
page 150- Geopolitical risk - political instability, increased protectionism/tariffs disrupting sales into and supply from affected marketsp.62
- Security of materials supply - reliance on sole-source suppliers in higher-risk regions and export restrictions (e.g. China on rare elements/components); risk increased since FY2024p.62
- Order intake and global economic trends - risk of destocking and slower-than-expected economic growth impacting Industrial market demand; risk increased since FY2024p.62
- Competition - loss of market share or price erosion from competitor activityp.62
Read from C000554-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 10 Dec 2026