IMI delivers 5% profit growth, reaffirming full-year earnings outlook
LONDON: IMI Plc reported a resilient financial performance for the first half of 2025, with organic revenue rising 2% and organic adjusted operating profit up 5%, despite foreign exchange headwinds that led to a 1% decline in statutory revenue.
The company’s adjusted operating margin improved by 30 basis points to 18.2%, while statutory operating margin fell 160 basis points to 14.5%. Statutory profit before tax remained in line with the same period last year.
CEO Roy Twite credited IMI’s One IMI operating model for driving growth and innovation across its business units.
“We made further progress in the first half,” Twite said. “Process Automation delivered another outstanding performance, and we saw strong demand for energy-efficient solutions in Climate Control.”
Segment Highlights:
- Automation: Organic revenue rose 3%, led by Process Automation. Industrial Automation showed signs of recovery following a cyber incident.
- Life Technology: Organic revenue declined 1%, with Climate Control showing strength, while Life Science & Fluid Control and Transport segments faced expected softness.
- Growth Hub: Orders surged 23% to £64 million; aftermarket orders in Process Automation rose 10% organically.
IMI also reported a 21% increase in adjusted operating cash flow, though free cash flow was impacted by the cyber incident and pension loan. The company completed a £200 million share buyback and proposed a 10% increase in its interim dividend.
Looking ahead, IMI reaffirmed its full-year guidance, projecting adjusted basic earnings per share between 129p and 136p. The company expects mid-single digit organic revenue growth for the fourth consecutive year.
Twite emphasized IMI’s strategic focus on high-margin aftermarket content, which now accounts for 45% of group sales, and its disciplined capital allocation approach.
“With a strong balance sheet and highly cash-generative business model, we are well positioned to continue investing in organic growth, pursue value-accretive bolt-on acquisitions, and return excess capital to shareholders,” Twite said.
IMI’s One IMI model remains central to its strategy, enabling consistent execution across its portfolio and reinforcing its leadership in fluid and motion control markets.