Annual Report 2026

discoverIE is an international specialist electronics group, designing and manufacturing highly customised, application-specific electronics for industrial markets. Our solutions are embedded within renewable energy systems, electrified transport, medical devices and secure communications infrastructure – applications where reliability, performance and long-term continuity are essential.

Our annual report outlines our strategy, performance and how we continue to create long-term value for customers, shareholders and other stakeholders.

2026 Highlights

£443.3m

Revenue

£61.0m

Adjusted operating profit

13.0p

Dividend per share

£36.6m

Free cash flow

15.2%

Return on capital employed

68%

Carbon emission reductions

Group at a glance

Through a global network of engineering-led businesses, we deliver differentiated, mission-critical solutions to original equipment manufacturer (“OEM”) customers worldwide.

Sensing and Connectivity

Electronics for wireless transmission, fibre optic and cable connection, electromagnetic shielding, and sensing components for measuring movement, temperature, pressure, position, force and load.

Revenue £176.3m

Magnetics and Controls

Electronics for power conversion and switching, X-ray detection, signal conditioning, monitoring, human-machine interface controls and embedded computing.

Revenue £267.0m

Chairman’s statement

"The Group continues to demonstrate the resilience and quality of its business model, underpinned by a clear strategy, consistent capital allocation, and strong execution. This provides a strong foundation for delivering sustainable long-term value for shareholders.”

Bruce Thompson
Chairman

Read Chairman's statement

CEO review

"The strength of our decentralised, engineering-led model lies in its ability to combine local agility with Group scale, enabling our businesses to deliver differentiated solutions and respond to customers’ needs quickly while driving operational efficiencies. It positions us well to deliver sustained organic and acquisition-led growth in structurally attractive markets.”

Nick Jefferies
Group Chief Executive

Read Strategic report

Our strategic priorities

Sustainability

Our sustainability strategy has three pillars: Our Planet, Our People and Our products. Our purpose is to create innovative electronics that help to improve the world and people’s lives, now and in the future. Achieving our purpose and the long-term sustainability of our business requires a comprehensive approach.

68% reduction in Scope 1 and 2 emissions from 2021

96% products manufactured under ISO 9001 (Quality Management System)

0.16 lost time incident frequency rate

12% voluntary
employee turnover

Read our Sustainability report

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