GATES INDUSTRIAL CORPORATION PLC

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -4.1%

  £2,660,761,008 → £2,551,319,429

• Cash

  -5.4%

  £538,685,804 → £509,830,306

• Net assets

  -4.6%

  £2,697,540,555 → £2,573,596,472

• Employees

  -5.4%

  14,929 → 14,117

• Operating profit

  +5.9%

  £349,405,696 → £370,187,635

• Profit before tax

  +49.8%

  £180,832,773 → £270,912,761

• Wages

  -2.6%

  £472,303,207 → £460,118,113

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors continue to have, at the time of approving the financial statements, a reasonable expectation that the Group has adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements.”

Group structure

1. GATES INDUSTRIAL CORPORATION PLC · parent
   1. Gates Argentina S.A. 100% · Argentina · Sale of office and warehouse
   2. Gates Australia Pty, Limited 100% · Australia · Wholesaler of industrial and automotive hose, belts and fittings
   3. Gates E&S Bahrain WLL 49% · Bahrain · Rental and sale of machinery, equipment and products
   4. Gates Distribution Centre N.V. 100% · Belgium · Distribution center

Significant events

• “In March 2025, the Company repurchased 672,911 shares under the existing share repurchase program in the open market at a total cost of approximately $12.9 million. On January 21, 2025, we amended our credit agreement to lower the margin with respect to the revolving loans by 50 basis points. In May 2025, we amended our then-existing interest rate swaps with a notional amount of $870.0 million to transition from a LIBOR-based floating rate to a Term SOFR-based floating rate.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

18

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.