Halma Shares Jump on Record Half-Year Results; Guidance Raised

Halma PLC, the global group specializing in life-saving technology, has announced record first-half results for the period ending September 30, 2025, boosting its share price on Thursday.

The robust performance, driven by broad-based strength across its sectors, has prompted an upward revision of the company's full-year guidance.

Revenue surged by 15.2% to £1,237.4 million, compared to £1,074.3 million in the previous year. Adjusted Earnings Before Interest and Taxation (EBIT) witnessed an even more impressive jump of 26.7%, reaching £282.0 million from £222.5 million. This translated to a significant 210 basis point expansion in the Adjusted EBIT margin, reaching 22.8%.

Adjusted Profit Before Taxation climbed 29.3% to £270.5 million, while Adjusted Earnings per Share increased by 28.6% to 55.32p. Statutory figures also reflected strong growth, with Profit Before Taxation up 39.0% and Earnings per Share increasing by 37.0%. The company has declared an interim dividend of 9.63p per share, a 7% increase, signalling confidence in future prospects.

The company's strong financial performance has allowed it to reinvest in strategic initiatives. Research and Development (R&D) investment increased to £59.1 million, representing 4.8% of revenue. Halma also completed two acquisitions for a total consideration of £129 million, demonstrating its commitment to growth through strategic expansion.

Driver Breakdown:

• Organic Growth: Strong organic revenue growth of 16.7%, including a premium contribution from photonics.
• Sector Performance: Revenue and profit growth across all sectors, with margin expansion in each.
• Strategic Investment: Increased R&D spending and acquisitions to fuel future growth.

Marc Ronchetti, Group Chief Executive, commented, “We made excellent progress in the first half, further extending our track record of delivering strong and compounding growth and returns, while growing a safer, cleaner, healthier future for everyone, every day.” Ronchetti's statement reinforces the company's commitment to its long-term sustainable growth model.

Looking ahead, Halma now expects to deliver, for the year as a whole, mid-teens percentage organic constant
currency revenue growth, including a continued benefit from the premium growth in photonics within the Environmental & Analysis Sector, and an Adjusted EBIT margin (excluding the one-off profit in the first half) of around 22%.