the latest 2 qrs were showing revenue decline driven by the tariffs (24% to 19% previously) and customer driven pricing pressure. This is consistent with Dyson's message - President Trump imposed tariffs of up to 24pc on US imports from Malaysia, where Dyson manufactures many of its products, although this was later cut to 19pc. It also manufactures in the Philippines, which was also hit by a 19pc tariff before they were voided by the Supreme Court last month. The company raised prices in the US last year, citing “global economic conditions”. Following the results, Hanno Kirner, Dyson’s chief executive, said: “In 2025, the US tariffs were particularly damaging. However, Dyson fared well, with earnings and operating profit up significantly and costs markedly down. ”Mr Kirner said the company planned to release a record number of products “at a range of different price points”, which he said would allow it to reach more consumers.

new products and different price points strategy - Dyson will need Skpres as a partner to achieve this :) One that has the capacity, flexibility, experience and solid balance sheet to deliver. Still, have a look at Skpres report and look at each of the line items in the balance sheet and cash flow statements; solid if you will. Capex in FY2026 is higher than FY2025 despite cyclical low revenue :) Disciplined mgmt in terms of working capital - receivables collected timely (reduced by ~50%), inventories drawn down (reduced by ~20%) and cash balance doubled. These are just a few line items :)

Lol. 24% to 19% to potential 10% depending on the outcome of hearing by July. The Philippines, Singapore, Thailand and Vietnam are among the 44 economies that the Trump administration has threatened with a 12.5 percent tariff for unfair trading practices. The remaining 16 nations, including Cambodia, Indonesia, and Malaysia, are in line for a 10 percent tariff.

understood, Wong. that explained your current emotional state. Just chillax and look at the report objectively specifically the balance sheet line items and FY26 annual report should be released soon :) A historical solid company in a cyclical low macroenvironment if you will.