Victrex announced ~10% workforce cut, mainly central functions, with most exits in Q3, as part of profit improvement plan.
Full‑year underlying profit before tax now forecast £42‑£44 million, below the £46.2 million implied by H1 2025 run‑rate.
H1 2026 underlying profit fell 18% to £19 million, revenue rose 1% to £147.1 million, gross margin slipped to 41.7%.
Net debt stands at £45.4 million (0.65× EBITDA) and interim dividend remains 13.42 pence per share.