IMI profits jump, announces £500m buyback

Specialist engineer IMI on Friday reported a 27% jump in annual earnings, announced a £500m share buyback and forecast mid-single-digit organic revenue growth for 2026.

IMI

Source: Sharecast

Adjusted pre-tax profits for the 12 months to December 31 rose to £442 from £419m, representing earnings per share of 132.3p. On a reported basis pre-tax earnings were up 27% to £419m. IMI said it expects 2026 adjusted basic EPS to be between 136p and 142p.

Operating profit on an adjusted basis increased 8% to £460m with revenue rising 4% to £2.30bn.

IMI, which makes fluid control systems across the energy, automation and healthcare markets, said it expected to deliver its sixth consecutive year of mid-single digit organic revenue growth in 2026.

“This guidance reflects good organic growth in our automation platform, supported by the record order book in process automation and continued resilience in our industrial automation sector, which is expected to be flat to modestly higher organically,” the company said.

“The life technology platform is expected to show modest organic growth, reflecting continued good demand in climate control and stability within life science & fluid control. Transport is expected to be broadly flat, in line with the global heavy duty truck market.”

Reporting by Frank Prenesti for Sharecast.com

Isin: GB00BGLP8L22
Exchange: London Stock Exchange
Sell:
2,248.00 p
Buy:
2,782.00 p
Change: -24.00 ( -0.91 %)
Date:
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