Record Half-Year Results
Halma reported another set of record half-year results for Fiscal Year 2026, with headline revenue growth of 15% and EBIT growth of 27%. Organic growth was strong across all sectors, particularly in Photonics.
Strong Margin Performance
The company delivered a very strong first-half margin of 22.3%, up 160 basis points, driven by margin expansion across all three sectors.
Significant Investments
Halma invested GBP 300 million in the first half, including GBP 60 million in R&D and GBP 130 million in acquisitions, supporting future growth opportunities.
Strong Balance Sheet
Net debt to EBITDA remained stable at just over 1x, and returns increased significantly by 190 basis points to 16.2%.
Upgraded Full-Year Guidance
Halma upgraded its full-year guidance for the second time this year, expecting mid-teens percentage organic constant currency revenue growth and an adjusted EBIT margin of around 22%.
Photonics Premium Growth
Photonics contributed significantly to growth, with increased demand from a long-standing hyperscaler customer.