Halma Delivers Broad-Based Growth, Shares Edge Lower

Halma (LON: HLMA) released a trading update on March 12, 2026, showcasing continued strong performance and broad-based growth across the group. Despite the positive news, shares experienced a slight dip of 0.3% in early trading.

The global group of technology companies confirmed it is on track to deliver its 23rd consecutive year of record adjusted profit. This achievement is particularly noteworthy given the uncertain economic and geopolitical environment.

Revenue growth is expected to be in the mid-teens percentage range on an organic constant currency basis. This includes a continued benefit from premium growth in photonics within the Environmental & Analysis Sector. The adjusted EBIT margin is anticipated to be around 22%, excluding the one-off profit from the first half of the year.

Halma also expects full-year cash conversion to align with its key performance indicator (KPI) of 90%. This strong cash flow supports ongoing strategic investments in future organic growth and acquisitions, ensuring the company maintains a robust financial position. Order intake remains ahead of both revenue year-to-date and the corresponding period last year.

The company has invested a record £451 million in acquisitions to date (on a maximum total consideration basis6). This significant investment includes five acquisitions, three of which were completed since the half-year ended September 30, 2025, spanning across the Group’s three sectors.

Halma maintains a healthy acquisition pipeline across all sectors, signaling continued expansion plans.

The appreciation of Sterling is projected to have a negative currency translation effect on the Group’s results.

Driver Breakdown:

• Diverse End Markets: Participation in various end markets with growth supported by long-term drivers.
• Autonomy and Agility: The Sustainable Growth Model provides companies with the autonomy to respond quickly to changing market conditions.
• Aligned Talent: Exceptional talent across the Group is aligned behind a purpose-driven mission.

Halma’s full-year results for the year ending March 31, 2026, will be released on June 11, 2026.