IMI PLC

Latest Results (29.09.2025):

IMI PLC reported its interim results for the first half of 2025, demonstrating continued strategic progress with a 5% organic operating profit growth. The company remains on track to deliver its fourth consecutive year of mid-single digit organic revenue growth and has reaffirmed its full-year guidance.

Organic Growth

IMI PLC achieved 2% organic sales growth and 5% organic adjusted operating profit growth in H1 2025. This performance underscores the effectiveness of the One IMI operating model in driving sustainable growth across the business.

Operating Margin Expansion

The adjusted operating margin improved by 30 basis points to 18.2%, compared to 17.9% in H1 2024. This enhancement reflects the company's focus on operational efficiency and higher-margin aftermarket content, which now accounts for approximately 45% of group sales.

Strong Order Book in Process Automation

Process Automation delivered another outstanding performance with orders increasing by 10% organically and the overall order book up by 5% compared to June 2024. This sector continues to be a key driver of growth for IMI PLC.

Improved Cash Flow and Capital Allocation

Operating cash flow rose by 21% to £158 million, demonstrating the company’s robust cash-generative capabilities. However, free cash flow decreased by 54% due to the impact of a cyber incident and pension loan obligations.

Dividend Increase and Share Buyback

IMI PLC proposed a 10% increase in its interim dividend to 11.0p per share and completed a £200 million share buyback. These actions reflect the company’s commitment to returning excess capital to shareholders.

Full Year Guidance Reconfirmed

The company has reaffirmed its full-year guidance, expecting to deliver mid-single digit organic revenue growth for the fourth consecutive year. Adjusted basic earnings per share are projected to be between 129p and 136p.