Revenue and Profit Growth
Revenues grew by 4% on a constant currency basis in the first half of 2025, and operating profit increased by 17% to GBP 237 million.
Performance Excellence Program Success
The Performance Excellence program resulted in operating margin expansion of 220 basis points to 19.8%. Cumulative savings target of GBP 80 million by 2026 is on track.
Strong Aftermarket Demand
Aftermarket orders grew by 8%, indicating high levels of mining activity, particularly in copper and gold.
Micromine Acquisition
Successfully completed the acquisition of Micromine, contributing to operating margins and expanding digital solutions.
Strategic Investments
Announced strategic equity investment into CiDRA and the acquisition of Townley, enhancing product offerings and geographic presence.
Dividend Growth
Supported another year of dividend growth, demonstrating resilience in growth.