Volex, a leading cable manufacturer, reported a 25% profit increase for the year ending March 2025, driven by soaring demand for its electric vehicle (EV) chargers. Despite concerns over U.S. tariffs under President Trump, the company’s strategic global operations and strong client base, including Tesla, fueled its financial success, pushing shares to a nine-month high, according to The Times.

EV Charger Boom Fuels Growth

Volex’s pivot to EV charging infrastructure has proven lucrative. The company, which supplies chargers to Tesla and other unnamed automakers, saw sales climb 19% to $1.09 billion from $913 million. Pre-tax profits rose to $64.3 million, up from $51.6 million, marking what Executive Chairman Nat Rothschild called “an outstanding year for Volex.” This growth was partly boosted by the full-year integration of Murat Ticaret, a Turkish cable manufacturer acquired in 2023, which supports heavy equipment like tractors.

The EV charger segment is thriving as global adoption accelerates. With 46% of Volex’s sales tied to the U.S., where EV sales are projected to grow steadily, the company’s focus on reliable, high-quality charging cables positions it as a key player in the electrification trend.

Navigating Tariff Challenges

Concerns over Trump’s trade policies, which impose tariffs on goods from China, Mexico, Indonesia, and Turkey, initially dented Volex’s shares by nearly a third in March 2025. These countries host Volex factories, and tariffs could impact 12% of last year’s sales. However, the company remains optimistic, leveraging its global manufacturing network to mitigate costs. By relocating production or passing expenses to customers, Volex expects minimal disruption.

“We view these challenges as opportunities,” Rothschild stated, emphasizing the company’s “extensive international footprint, deep customer relationships, and track record in complex programme relocations.” This flexibility ensures Volex can adapt supply chains without compromising delivery to clients like Apple, Microsoft, and Dyson, who rely on its critical components.

Financial and Strategic Outlook

Volex’s robust performance led to a 7% dividend increase to 3 pence per share (approximately $0.04), payable on September 5, 2025. The company’s market value nears £700 million ($875 million), making it a standout on London’s Aim stock market. Shares surged 17.3% to 370 pence ($4.63) after the tariff concerns eased, reflecting investor confidence.

The acquisition of Murat Ticaret has diversified Volex’s portfolio, adding cables for industrial applications. This move, combined with its EV charger expertise, strengthens its resilience against economic fluctuations. As automakers expand EV lineups, Volex’s ability to scale production and maintain quality will be critical.

Implications for EV Owners and Industry

For EV owners, Volex’s success signals a reliable supply of high-quality chargers, essential for expanding charging networks. The company’s ability to navigate tariffs could stabilize prices, avoiding cost spikes for consumers. Industry-wide, Volex’s adaptability sets a benchmark for suppliers facing geopolitical trade shifts. Its global footprint—spanning 1,200 miles of factory coverage from Mexico to Indonesia—offers a model for balancing cost and efficiency.

As EV adoption grows, Volex’s role in powering infrastructure underscores the importance of specialized components. With demand for chargers projected to rise, the company’s strategic moves ensure it remains a linchpin in the EV ecosystem, delivering both performance and stability.