Rotork PLC

Latest Results (19.05.2026):

Rotork PLC — full year 2025 (results for the year ended 31 December 2025, including Q4 2025): the Group delivered order and revenue growth with margin expansion driven by its Growth+ strategy. Order intake reached £782.6m (6.0% OCC), revenue was £777.3m (3.7% OCC), adjusted operating profit was £191.5m (adjusted margin 24.6%, +140bps OCC) and adjusted basic EPS was 17.0p. The Board proposes a final dividend that takes the full year dividend to 8.30p (+7.1%); ROCE improved to 38.4% and the balance sheet remains strong (net cash £65.3m) while the Group completed the Noah acquisition and continued share buybacks.

Financial headline

Order intake £782.6m (+5.2% reported; +6.0% OCC). Revenue £777.3m (+3.0% reported; +3.7% OCC). Adjusted operating profit £191.5m (+7.3% reported; +10.0% OCC) with adjusted operating margin 24.6% (up 100bps reported, +140bps OCC). Reported operating profit £157.1m; adjusted basic EPS 17.0p and reported basic EPS 13.8p.

Divisional performance

CPI: revenue £223.4m (+9.0% reported; +7.0% OCC) and adjusted operating profit £58.2m. Water & Power: revenue £202.7m (+4.5% reported; +6.1% OCC) and adjusted operating profit £58.0m. Oil & Gas: revenue £351.2m (‑1.2% reported; +0.6% OCC) with adjusted operating profit £97.6m. Target Segments and Rotork Service drove outperformance across divisions.

Cash, balance sheet & returns

Net cash £65.3m (31 Dec 2025). Cash conversion 101% (down from 119% in 2024); free cash flow £106.8m. Dividends paid/declared: total ordinary dividend 8.30p (up 7.1%). Share buybacks were £60.4m in 2025 with a remaining buyback to complete in H1 2026. Committed RCF £75m (undrawn headroom reported).

Capital allocation & M&A

Completed acquisition of Noah (March 2025) — contributed c.£11.2m revenue and £2.0m adjusted operating profit in 2025. Continued a disciplined capital allocation approach: organic investment, progressive dividend, targeted M&A and additional shareholder returns (buybacks).

Margins, ROCE and adjustments

Adjusted margin expansion driven by favourable mix, Target Segment growth and productivity. ROCE rose to 38.4%. Reported vs adjusted differences largely reflect amortisation of acquired intangibles, Business Transformation costs (ERP/programme) and other one-off items disclosed in note 5.

Outlook and risks

For 2026 Rotork expects continued momentum in CPI and Water & Power, Oil & Gas broadly stable with higher H2 weighting, and further OCC progress for the Group. Management reiterates medium‑term ambition of mid–high single‑digit sales growth and mid‑twenties adjusted operating margins while noting geopolitical and currency risks.

ESG, safety & people

Maintained AAA MSCI ESG rating; achieved 2030 Scope 1 & 2 target ahead of schedule. Safety metrics broadly stable (LTIR 0.08). Cultural DNA and engagement initiatives progressed (86% participation in engagement survey).