<?xml version="1.0" encoding="UTF-8"?><oembed><type>video</type><version>1.0</version><html>&lt;iframe src=&quot;https://www.loom.com/embed/32d0b07edd314d4e963bc94931dc535f&quot; frameborder=&quot;0&quot; width=&quot;1388&quot; height=&quot;1041&quot; webkitallowfullscreen mozallowfullscreen allowfullscreen&gt;&lt;/iframe&gt;</html><height>1041</height><width>1388</width><provider_name>Loom</provider_name><provider_url>https://www.loom.com</provider_url><thumbnail_height>1041</thumbnail_height><thumbnail_width>1388</thumbnail_width><thumbnail_url>https://cdn.loom.com/sessions/thumbnails/32d0b07edd314d4e963bc94931dc535f-7844b8df0ad1fa51.gif</thumbnail_url><duration>93.22</duration><title>VP PLC Trading Update Overview</title><description>In this video, I discuss VP plc&apos;s latest trading update for the year ending March 31, 2025. The results are expected to align with our forecasts, and I highlight the strength in the Infrastructure sector, particularly in Water and Transmission. Despite some challenges in construction, the company continues to perform well in specialised areas. I also mention the share price&apos;s current valuation and the attractive dividend yield. Please take a moment to review the individual market commentary and our adjusted FY26 forecasts.</description></oembed>