Rosebank Industries plc
Rosebank Industries plc is a Jersey-incorporated, AIM-listed industrial investment company pursuing a "Buy, Improve, Sell" strategy of acquiring quality industrial/manufacturing businesses, improving their performance, and realising value for shareholders. Its first and only acquisition to date, completed 19 August 2025, is Electrical Components International, Inc. (ECI), a global supplier of electrical distribution systems, control box assemblies, and engineered components for electric vehicles, appliances, HVAC, robotics, data centres and industrial automation end markets. The Group reports two operating segments derived from ECI: Electrification & Industrial and Appliance & HVAC.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 2 Mar 2026 · 144 pages · Company website
Rosebank Industries plc buys industrial businesses to improve and later sell them. In August 2025 it bought its first, ECI, which makes wiring and electrical parts for appliances, air conditioning, electric vehicles and data centres. With ECI included from 19 August, revenue was $445.0m, against $0 the year before, when Rosebank had no business. The loss after tax widened to $48.0m from $11.0m.
The report puts the loss down mainly to one-off costs of buying ECI. These include deal fees, a charge that spreads the cost of the customer relationships and brands it bought, and a charge on stock it took over. Before such items, operating profit was $57.0m.
To pay for ECI, Rosebank raised $1.58bn from shareholders and borrowed. At the year end it held $35.0m in cash against borrowings of $529.0m. No dividend is proposed. The auditor gave a clean opinion, and the directors expect the company to keep operating. In February 2026 Rosebank said it was in advanced talks to buy two US businesses for about $3.05 billion, paid for with new shares and debt. The report lists tariffs and reliance on key customers among its main risks.
Wire harness and control box assembly sales to electrification, industrial and appliance/HVAC OEM customers
Revenue of $445m for the period from acquisition (19 Aug) to 31 Dec 2025, split $195m Electrification & Industrial and $250m Appliance & HVAC; revenue recognised at a point in time on delivery/pickup
page 88Adjusted operating profit margin of 12.8% (14.4% annualised)
Adjusted operating profit $57m on revenue $445m; annualised adjusted operating profit $175m on annualised revenue basis
page 22Annualised adjusted operating profit of $175 million and annualised adjusted operating profit margin of 14.4% presented as a KPI for the full-year impact of acquired businesses
page 222 years on one page · FY2024–FY2025
| Line | FY202412/24 | FY202512/25 |
|---|---|---|
| Revenue | ||
| Operating profit | ||
| Profit for the year | ||
| Basic EPS | ||
| Free cash flow | ||
| Net debt (negative = net cash) | ||
| Shares in issue | ||
| Operating margin | — |
GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. 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.
10 figures restated in a later report
Every figure is read again from the following year’s report: 22 confirmed, 10 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2024 | £48.1mFY2024 report | £60.0mFY2025 report | |
| FY2024 | £48.1mFY2024 report | £62.0mFY2025 report | |
| FY2024 | −£8.6mFY2024 report | −£11.0mFY2025 report | |
| FY2024 | −£9.5mFY2024 report | −£12.0mFY2025 report | |
| FY2024 | −£8.6mFY2024 report | −£11.0mFY2025 report | |
| FY2024 | not printedFY2024 report | £0FY2025 report | |
| FY2024 | £50.0mFY2024 report | £65.0mFY2025 report | |
| FY2024 | £48.9mFY2024 report | £61.0mFY2025 report | |
| FY2024 | £48.4mFY2024 report | £60.0mFY2025 report | |
| FY2024 | £43.9mFY2024 report | £55.0mFY2025 report |