IMI PLC

Latest Results (18.11.2025):

IMI PLC's interim financial results for the six months ended 30 June 2025 demonstrate a resilient performance with 2% organic sales growth and 5% organic adjusted operating profit growth. Despite a minor decline in statutory revenue (–1%), the company reported a strong operating margin improvement, boosted adjusted operating cash flow (up 21%), and maintained robust guidance for the full year. The results underscore the company’s strategic focus on innovation, market-led growth, and disciplined capital allocation across its global operations.

Organic Growth & Profitability

IMI PLC reported 2% organic sales growth alongside 5% organic adjusted operating profit growth, reflecting the "One IMI" operating model's successful drive for efficiency and customer-centric innovation. Although statutory operating profit declined slightly in percentage terms, the underlying organic performance highlights strength in core business areas.

Margin & Cash Flow Performance

The adjusted operating margin increased by 30bps compared to H1 2024, and adjusted operating cash flow grew by 21%, demonstrating improved operational efficiency and cash generation. However, free cash flow was lower, impacted by a cyber incident and a pension loan.

Capital Returns & Shareholder Value

IMI PLC proposed a 10% increase in its interim dividend and completed a £200m share buyback, reinforcing its commitment to returning value to shareholders while sustaining a disciplined capital allocation strategy.

Outlook & Guidance

With a strong performance in key segments such as process automation and climate control, IMI PLC reaffirmed its full-year guidance, anticipating mid-single digit organic revenue growth and an adjusted basic EPS in the range of 129p to 136p, setting a positive tone for H2 2025.