London, July 2, 2026, 16:21 BST
- London Stock Exchange was open for regular trade on July 2 from 08:00 to 16:30 BST. This report went out at 16:21 BST.
- Velocity Composites traded up 7.69% to 14p, according to Google Finance, but volume was just 5,560 shares at 08:12 BST.
- Velocity Composites saw first-half revenue drop 19.2% to £8.44 million and adjusted EBITDA slide to £82,000 from £258,000.
- The board cut its outlook for the year, now seeing adjusted EBITDA around £0.5 million and results coming in under market expectations.
Velocity Composites plc (LON:VEL) traded higher in London on Thursday, but volumes stayed thin. The AIM-listed aerospace composites company was quoted at 14p, up 7.69%, and Google Finance showed just 5,560 shares had changed hands. That worked out to under £800 traded at that price.
The stock jumped more than the FTSE AIM All-Share, but volume was light—about 5% of Velocity’s average, per Google Finance, which lists 105,960 shares as the average. Thin volume can whip a £7.65 million name around fast.
Delayed prices came from Google Finance and AJ Bell:
| Security / benchmark | Latest quoted price or level | Day move | Note |
|---|---|---|---|
| Velocity Composites plc (LON:VEL) | 14.00p | +7.69% | Volume at 5.56k; market cap at £7.65 mln |
| FTSE AIM All-Share | 778.70 | +0.34% | Traded between 779.71 and 773.05 today |
| Cohort plc (LON:CHRT) | 1,433.20p | +7.12% | Google Finance lists this as an aerospace and defence peer |
| Avon Technologies plc (LON:AVON) | 1,812.00p | +2.72% | Listed by Google Finance as aerospace and defence peer |
| Senior plc (LON:SNR) | 288.50p | +0.17% | Shown by Google Finance as aerospace and defence peer |
Source: Google Finance is the data source for Velocity and its peers. AIM index info is from AJ Bell.
Velocity’s interim numbers painted a mixed picture for investors. Revenue came in at £8.44 million for the first half, with gross profit of £2.37 million. But adjusted EBITDA was just £82,000, and the company posted a pre-tax loss of £1.03 million. Revenue remains solid for a micro-cap, but profit margins are slim right now.
Velocity’s H1 bridge:
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | £8.439 mln | £10.442 mln | -19.2% |
| Gross profit | £2.366 mln | £3.033 mln | -22.0% |
| Gross margin | 28.0% | 29.0% | -1.0 pct point |
| Adjusted EBITDA | £82,000 | £258,000 | -68.2% |
| Loss before tax | £1.033 mln | £574,000 | loss widened 80.0% |
Guidance is the main shift since May. Velocity kept saying it was on track with full-year expectations as of May 26. But in its June 24 interim report, the board warned the planned product mix would hit second-half gross margins, so full-year numbers would fall short of market expectations.
Velocity CEO Jon Bridges said the company posted “positive adjusted EBITDA despite the impact of customer phasing and delayed programme transfers.” He also said net cash improved, site consolidation moved ahead, and demand stayed healthy in aerospace platforms. ADVFN UK
Offset impact is tied to new A350 work, which is now underway at a UK customer. Production there is steady. Velocity closed its Fareham site and moved work to Burnley. Legacy UK customers have shown more demand than projected. On the downside, its main U.S. customer still has delays, but qualification work is now underway.
Cash is another test for Velocity in the short term. The company reported £656,000 in cash as of April 30 and net cash of roughly £0.5 million, with a £3.0 million invoice discounting facility in the UK still available. That leaves some headroom, but not much, if second-half revenue doesn’t pick up.
Forecast numbers still suggest room to run. Investors Chronicle data listed two analyst 12-month targets with a median at 31p, a high at 40p, and a low at 22p. That median target sits 121% over the 14p current quote.
Shares remain far from last year’s peak. Velocity’s 52-week range, per Google Finance, shows a high of 32p and a low of 12p. The stock last traded at 14p, or 16.7% over its low, but still 56.3% under the high.
Velocity is set to give its next trading update on Nov. 18, the company’s financial calendar shows.
