FIVE-YEAR RECORD
PRINCIPAL LOCATIONS
Group head office Location United Kingdom
2026 £m
2025 £m
2024 £m
2023 £m
2022 £m
Company
City
discoverIE Group plc discoverIE Management Services
Guildford Guildford
Consolidated Statement of Profit or Loss Revenue
443.3
422.9
437.0
448.9
379.2
Operating companies Location
61.0 51.9 36.1 29.0
Adjusted operating profit Adjusted profit before tax
60.5 50.1 32.0 24.6
57.2 48.2 22.2 15.5
51.8 46.3
41.4 37.6
Company
City
United Kingdom
Waterlooville Waterlooville Brackley Hook Newark Horsham Bury St. Edmunds Derry Nantwich Cheltenham Egham Newport Langley and Maldon Hook Towcester Reading
2J Antennas UK Antenova CDT Contour Electronics Cursor Controls Heason Technology Herga Technology Hivolt Capacitors Noratel UK Positek Sens-Tech Silvertel Storm Interface Stortech Electronics Variohm-Eurosensor Vertec Scientific
Profit before tax Profit for the year
29.1 21.3
17.1 9.7
Earnings per share Adjusted earnings per share Diluted earnings per share
40.3p 29.4p 13.0p
38.7p 25.0p 12.5p
36.8p 15.8p 12.0p
35.2p 21.7p 11.45p
29.4p 10.1p 10.8p
Dividend per share
Consolidated Statement of Financial Position Net debt
(80.5) 395.1
(94.3)
(104.0)
(42.7)
(30.2)
Non-current assets
396.9 308.0
381.0 301.6
335.9 303.6
326.5 290.4
328.6
Net assets
Belgium Canada
NSI
Bilzen
Noratel Canada
Toronto
China Mainland
Shanghai Foshan City Zhongshan
Antenova China Foshan Noratel Electric Zhongshan Myrra Electronic
Denmark
Flux Noratel Denmark Noratel Finland
Asnaes Roskilde
Finland France
Salo
Myrra
Bussy St Georges
Germany
Gernsbach Urbach Dillingen Bremen and Grafenau Heidelberg
Burster Limitor MTC Micro Tech Components Noratel Germany Variohm-Eurosensor
Hong Kong
Contour Asia Myrra Hong Kong Limitor Hungaria
Kowloon Wanchai
Hungary
Pécs
India
Noratel India Power Components
Bangalore and Trivandrum Agualeguas and Nogales
Mexico
Noratel Santon
Netherlands
Rotterdam Drammen Hokksund Warsaw Szczecińska
Norway
Foss Noratel Norway Myrra Poland Noratel Poland 2J Antennas Foss Fibre Optics
Poland
Slovakia
Bardejov Bratislava Mengeš Incheon
Slovenia
Trival Antene
South Korea
EMC Innovation
Sri Lanka Sweden
Noratel International Hectronic Noratel Sweden Antenova Asia Flux International
Katunayake
Uppsala Laxå and Vӓxjӧ
Taiwan
Taipei
Thailand
Samut Prakan
USA
Gilbert, AZ Eden Prairie, MN Twinsberg, OH East Hanover, NJ Hudson, MA Hobart, IN Goshen, IN and Waukesha, WI Fort Wayne, IN Addison, IL
2J Antennas Beacon EmbeddedWorks Burster Control Products (CPI) Diamond Technologies Noratel US Magnasphere Phoenix America Shape
210
211
discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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