CHAIRMAN’S STATEMENT CONTINUED
Full-year dividend per share 13.0p (FY 2024/25: 12.5p)
The Group continues to make good progress on implementing its net-zero plan. Over the past four years, it has reduced Scope 1 and 2 carbon emissions by 68% versus the CY2021 baseline, exceeding its CY2025 target of 65% and paving the way to achieve net-zero Scope 1 and 2 emissions by 2030. The Group also advanced towards its CY 2030 goal of 100% clean electricity, sourcing 85% of electricity from zero-emission sources in CY2025. A summary on our progress to date, and future carbon emission reduction plans, can be found in our updated ‘Road to Net-Zero Emissions 2026’ publication, which can be found on our website at www.discoverieplc.com/sustainability. During the year, the Group reviewed its ESG strategy to ensure continued alignment with evolving regulatory requirements and the Group’s strategic priorities. Following this review, the Group reaffirmed its focus on Planet, People, and Products. Please see this year’s Sustainability Report on pages 42 to 73 for more details. The Group remains committed to being a socially responsible employer, upholding the highest ethical standards, maintaining strong employee relations, and increasing diversity at all levels of the business. Building on the adoption of a revised Group Health and Safety Policy, and an increased focus on safety over the last two years, the reported number of lost time incidents fell by 35% year-on- year, and the lost time incident frequency rate reduced by one third compared to FY 2024/25. Summary The Group is building a high quality electronics compounding business that continues to deliver good results through all stages of the economic cycle. Confidence in the Group’s ability to sustain this is supported by a strong pipeline of organic and inorganic opportunities in attractive markets, further supporting our compounding growth profile. The market remains highly fragmented, with significant scope to build further capability and extend geographic reach through disciplined, accretive acquisitions. The Board is excited by the opportunities and retains a high- quality workforce, delivering essential products for our customers, growing long-term profits and earnings for our Shareholders, and contributing to the creation of a sustainable environment. The Group is well positioned for the future.
Total shareholder return 267% (FY 2015/16 - FY 2025/26)
Board effectiveness A regular external review of effectiveness is helpful in maintaining a high-performing Board. This year, a review confirmed that the Board and its Committees operate effectively, with Directors demonstrating strong commitment and constructive challenge. Whilst all Directors viewed the Board as continuing to function well and to a high level, there are always opportunities for us to improve. The actions identified through this review inform the way we shape the Board agendas, ensuring it remains responsive to the needs of the Group and its stakeholders. Employees and culture On behalf of the Board, I would like to thank everybody at discoverIE for their sustained dedication, hard work, initiative and support. The Group comprises approximately 4,600 employees in 21 countries delivering essential components around the world. By adopting an entrepreneurial and decentralised operating environment, together with rigorous planning, controls and investment, the Group has created an ambitious and successful culture. We aim to maintain a culture across the Group that: ■ is entrepreneurial ■ is performance driven ■ enables decision-making close to the customer through a decentralised structure ■ enables open, constructive communication with a willingness to listen ■ treats everybody equally and recognises the importance of diversity ■ is honest, reliable, trusting and non-political Sustainability and positive impact In May 2025, the Group’s greenhouse gas (“GHG”) emissions reduction targets were validated and approved by the Science Based Targets initiative (“SBTi”). The Group is committed to achieving net-zero GHG emissions across its value chain by 2040, supported by a clear transition plan.
Bruce Thompson Chairman
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discoverIE Group plc Innovative Electronics
Annual Report and Accounts for the year ended 31 March 2026
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