Revenues, profits jump at Halma despite uncertain backdrop

(Sharecast News) - Safety equipment and life-saving tech specialist Halma posted a jump in full-year earnings on Thursday despite an uncertain economic and political backdrop. The blue chip saw revenues rise 14.9% to £2.58bn, or 16.6% on an organic basis, in the year to 31 March, while adjusted earnings before interest and tax rose 22% to £594.5m. It is the first time earnings have come in above £500m.

Statutory pre-tax profits were 27.7% stronger at £490.7m.

Halma said demand had been broad-based across its three sectors - safety, environment and healthcare - with premium growth in its photonics business, despite difficult conditions.

Marc Ronchetti, chief executive, called it a "successful year".

He continued: "We delivered our 23rd consecutive year of adjusted profit growth in an uncertain economic and geopolitical environment. This reflects the fundamental strengths of our sustainable growth model, the long-term growth drivers that underpin our diverse portfolio and the cumulative benefit of decades of disciplined choices around the markets we operate in."

Looking to the full year, and Halma said it had made a "positive" start, with a robust order book and order intake ahead of revenue and last year.

However, it acknowledged that conditions remained uncertain, with its companies continuing to experience "varied conditions" in their end markets, and adopted a conservative outlook for the full year. It is predicting low double-digit percentage organic growth - less than 2026's 16.6% uplift - and unchanged adjusted EBIT.

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