- Full-year earnings at top end
- Dividend hiked 2.5%
- Focused on delivering financial targets
UK engineering firm Renishaw (RSW) was one of the top mid-cap gainers on Thursday (18 Sep) with the shares rising 7.6% to £32, after the company revealed full-year profit at the top end of the guided range.
The rally in the shares takes them back into the green for the year by 3%, just shy of the FTSE 250 index advance of 5%.
Chief executive Will Lee commented: ‘I am pleased to report record revenue in full-year 2025, combined with an increase in adjusted profit before tax in what remain challenging market conditions.
‘We continue to make solid progress with our innovation-led growth strategy, introducing many exciting new products this year and equipping our expanded manufacturing facilities for future growth.’
RESILIENT PERFORMANCE
Full-year revenue to the end of June increased 3.1% to a record £713 million while productivity initiatives contributed to stable adjusted operating margins and a 3.3% increase pre-tax profit to £127.2 million.
The business achieved 7.2% constant currency revenue growth in the Asia Pacific region including good growth in China, growth in America whilst revenues in Europe and the Middle East region were flat.
Renishaw said the business had made a steady start to 2026 in line with the board’s expectations.
‘We are focused on achieving our financial targets over time of high, single-digit average through-cycle revenue growth and adjusted operating profit margins of 20%.
‘To improve our margins, we are continuing to invest in our IT transformation and productivity improvements, and we are reducing our fixed costs in relation to the size of the business with clear targets for production, engineering, distribution and administration costs,’ added Lee.
Renishaw announced a final dividend of 61.3p per share, taking the full-year payout to 78.1p per share, equivalent to a 2.5% increase on 2024. Finance chief Allen Roberts will be stepping down at the end of the year.
