Rotork PLC

Latest Results (29.06.2026):

Rotork PLC — full year 2025 results (FY2025). The Group delivered another year of profitable Growth+ momentum: order intake £782.6m (+6.0% organic constant currency, OCC), revenue £777.3m (+3.7% OCC), adjusted operating profit £191.5m (+10.0% OCC) and an OCC adjusted operating margin of 24.6% (up 140bps). Reported operating profit was £157.1m, adjusted EPS 17.0p (reported EPS 13.8p). Management completed the Noah acquisition, executed substantial share buybacks and proposed a final dividend to bring the full-year payout to 8.30p. The Group ends 2025 with strong ROCE (38.4%) and remains confident of further OCC progress in 2026 under its Growth+ strategy.

Top-line and orders

Order intake £782.6m (+5.2% reported; +6.0% OCC). Revenue £777.3m (+3.0% reported; +3.7% OCC). All three divisions grew on an OCC basis, with CPI and Water & Power showing particularly strong H2 and full-year momentum.

Profitability and margins

Adjusted operating profit £191.5m (+7.3% reported; +10.0% OCC). Adjusted operating margin 24.6% (up 100bps reported; up 140bps OCC). Reported operating profit £157.1m (up 15.6%), with adjustments mainly for Business Transformation costs and amortisation of acquired intangibles.

Earnings and returns

Adjusted basic EPS 17.0p (2024: 15.9p). Reported basic EPS 13.8p (2024: 12.1p). ROCE increased to 38.4% (2024: 37.3%), reflecting the Group’s asset-light model and improved margins.

Cash, capital allocation and balance sheet

Cash conversion 101% (2024: 119%). Net cash £65.3m at year end (2024: £125.3m) after M&A and buybacks. capital outflows included net cash consideration for Noah (£31.8m) and share buybacks totaling £60.4m; remaining buyback to be completed in H1 2026. RCF in place (£75m facility, undrawn headroom reported).

Divisional performance (high level)

Oil & Gas: revenue £351.2m (‑1.2% reported; +0.6% OCC), adjusted operating profit £97.6m and margin 27.8% — stable upstream/downstream, midstream weaker late in year due to customer delays. CPI: revenue £223.4m (+9.0% reported; +7.0% OCC), adjusted operating profit £58.2m — strong specialty chemicals, data centre, marine and HVAC traction. Water & Power: revenue £202.7m (+4.5% reported; +6.1% OCC), adjusted operating profit £58.0m — good water modernisation and recovering power markets.

Acquisitions and disposals

Acquired Noah (March 2025) to broaden electric actuator offering; Noah contributed £11.2m revenue and £2.0m adjusted operating profit post-acquisition. Two small non-core disposals initiated in H2 and completed in March 2026 to sharpen portfolio focus.

Shareholder returns

Full year dividend 8.30p (up 7.1%); final dividend recommended 5.35p. Share buyback activity: completed £50m in 2025 and announced follow-on £50m in November 2025, with additional buybacks executed (total buybacks in year £60.4m).

Sustainability, safety and culture

Maintained AAA MSCI ESG rating and achieved 2030 Scope 1 & 2 market‑based emissions reduction target early. Safety metrics broadly stable (LTIR 0.08). Launched cultural DNA programme and saw strong employee engagement (86% participation).

Outlook

Management expects further OCC progress in 2026 driven by CPI and Water & Power momentum, Target Segment initiatives and Rotork Service. Oil & Gas expected stable with greater H2 weighting; broader ambition remains mid‑to‑high single‑digit sales growth and mid‑twenties adjusted operating margins over time, subject to geopolitical and market conditions.