Engineering group Goodwin has revealed it is expecting a 100% increase in pre-tax profit in its ongoing full financial year.

The firm said it was anticipating, with a “high degree of confidence”, that its profit will reach over £71m in the year to 30 April 2026, up from £35.5m in the corresponding period last year.

Goodwin, which is listed on the FTSE 250 index, is a Stoke-based heavy engineering firm which specialises in the supply and fabrication of metal castings.

The company said it was confident it can grow its activity and profitability based on product quality and a strong order book, that currently stands at £365m, along with enhanced visibility across some of its key defence and nuclear programmes that are not yet reflected in the order book.

A statement by Goodwin said: “The group does not ordinarily provide forward guidance and does not intend to change this longstanding policy.

“However, given the high increase in pre-tax profitability for the year ending April 2026, on this occasion, it was thought appropriate to do so, as it is correspondingly being matched with a similar improvement in cashflow.”

In addition to the trading update, Goodwin also announced the appointment of Adam Deeth as finance director, effective from tomorrow (28 October). Deeth joined the company in 2022 and has worked as group chief accountant since 2023.

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