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Volution Group PLC on Thursday was the top riser on the FTSE 250 as it said it was confident in continuing to deliver growth, and it announced improved annual revenue and a higher dividend. Volution shares rose 5.2% to 683.00 pence each on Thursday morning in London, making it the top performer on the FTSE 250, which was up 0.2%. The Crawley, England-based energy efficiency and indoor air-quality solutions firm said revenue climbed 21% on-year to £419.1 million in the financial year ended July 31, from £347.6 million, although pretax profit declined 3.7% to £54.5 million from £56.6 million. However, adjusted pretax profit jumped 19% to £83.9 million from £70.7 million. The company noted that adjusted results exclude costs of £7.1 million relating to its acquisition of Fantech. Volution struck a £113 million deal to buy Australia and New Zealand-based commercial and residential ventilation services provider Fantech in September 2024. Volution announced a final dividend of 7.4 pence per share, up 19% from 6.2p. This brings the total payout to 10.8p, up 20% from 9.0p. Looking ahead, the firm said: ‘We have seen tightening regulation play an increasingly significant role in shaping demand for our products. By design, regulatory measures aimed at decarbonisation have the greatest impact on new-build applications. In the UK, the introduction of building regulations Parts F, L and O has driven increased focus on airtightness, low-carbon ventilation, and over-heating risk in new homes, significantly supporting demand for more energy efficient, better-controlled products.’ Chief Executive Officer Ronnie George said: ‘Notwithstanding the still difficult economic backdrop in many of our end markets, we remain confident of continuing to deliver compounding growth and another year of good progress.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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