XP Power has reported a pick-up in orders in the final quarter of 2025, with Q4 order intake rising 29% year-on-year to £57.9 million and revenue edging up 2% to £61.2m.

For the full year, order intake climbed 24% to £225.9m, but revenue fell 7% to £229.7m.

The group said profit and earnings per share are expected to be in line with market forecasts, supported by improved second-half trading and a year-end order book of £116.1m.

It also confirmed it will exit the RF market following lower returns and new US export controls restricting sales to key Chinese customers from 2026, with the wind-down expected to take around three years and supported by a £16.4m pre-payment for planned 2026 deliveries.

The listed firm has also completed construction of a new manufacturing facility in Malaysia, due to become operational in 2026, and has shut its Kunshan site in China.