(Alliance News) - Halma PLC on Thursday reported annual profit growth amid "varied market conditions and a challenging economic and geopolitical backdrop".
The Amersham, England-based life-saving equipment maker posted pretax profit of GBP384.3 million for the financial year ended March 31, up 13% from GBP340.3 million.
Revenue rose 11% to GBP2.25 billion from GBP2.03 billion. The company said the worker safety subsector was boosted by customer demand for industrial access control solutions, especially in the US and Asia Pacific.
Further, Halma's largest subsector, fire safety, grew "strongly", amid positive trends across fire companies and a contribution from Ampac Pty Ltd's acquisition of Global Fire Equipment SA.
In June 2024, Halma announced the acquisition of Faro, Portugal-based Global Fire, for its safety sector fire detection company Ampac for EUR42.5 million.
Halma upped its final dividend by 7.0% to 14.12 pence per share from 13.20p a year earlier.
Its total dividend was also 7.0% higher at 23.12p from 21.61p.
Chief Executive Officer Marc Ronchetti said: "This has been another successful year for Halma, reflecting the contributions and commitment of everyone in the group. We delivered record revenue and profit, with strong margins and cash generation, and increased returns on capital. We achieved our 22nd consecutive year of profit growth, and delivered our 46th consecutive year of dividend growth of 5% or more."
CEO Ronchetti continued: "Achieving such a strong performance amidst varied market conditions and a challenging economic and geopolitical backdrop is a testament to the fundamental strengths of our sustainable growth model."
Halma said it has made a "positive start" to the new financial year 2026.
It expects upper single-digit organic constant currency revenue growth for the financial year. Its adjusted earnings before interest and tax margin is tipped to land "modestly above" the middle of its 19%-23% target range.
The adjusted Ebit margin in the financial year just gone expanded to 21.6% from 20.8%.
Halma shares rose 6.1% to 3,202.00 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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Halma (HLMA)
