Avon Technologies plc – Annual report – 30 September 2025
Industry: manufacturing
Directors’ Report (extract)
Research and development
The Group continues to utilise its technical and materials expertise to remain at the forefront of innovative technology and produce specialist products and services to maximise the performance and capabilities of its customers. The Group maintains its links to key universities in the US and UK and continues to work with new and existing customers and suppliers to develop its knowledge and product range. Total Group expenditure on research and development in the year was $13.5m (2024: $11.4m), further details of which are contained in the Strategic Report on page 35.
Financial review (extract)
Research and development expenditure
Total investment in research and development (capitalised and expensed) was $13.5m (2024: $11.4m), above the prior year by 18% in absolute terms and by 20bps as a percentage of revenue.
Avon Protection expenditure has primarily focused on completing the development of MITR, the new voice projection unit and seven DoW Programs of Record. Team Wendy expenditure largely related to RIFLETECH helmet development and the next-generation bump helmet.
Accounts examples 