Dialight plc announced that the company has been reviewing its statutory accounting period with a view to better aligning the Group's reporting calendar with its trading seasonality. The three months to 31 December is typically the Group's busiest trading quarter, with a significant number of short-notice orders placed for immediate delivery, especially in the final month. Uncertainty over the extent and timing of these orders creates difficulty in managing and forecasting the business.

In light of this, the decision has been taken to change the Group's financial year-end to 31 March in order to finish the reporting year with the quietest trading quarter. The change to its accounting year-end will be effective immediately and impact near-term reporting as follows: the Group will publish additional unaudited interim results for the 12-month period ending 31 December 2023, on 19 February 2024; and final, audited results for the 15-month period ended 31 March 2024 are expected to be published in July 2024. To mitigate this, the Board is currently reviewing whether it remains appropriate to continue to report the Group's results for the 15-month period ending 31 March 2024 in UK sterling.

A final decision on this matter will be confirmed by the Board on or before 31 March 2024.