REG - IMI PLC - Trading Update

IMIAnnouncement

Today 07:00

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RNS Number : 3839G  IMI PLC  06 November 2025

6 November 2025

 

Excellent third quarter performance

On track to deliver fourth consecutive year of mid-single digit organic
revenue growth

Full year guidance reconfirmed

 

IMI plc ("IMI" or the "Group"), a global leader in fluid and motion control,
issues the following trading update which covers results for the third quarter
from 1 July to 30 September 2025.

 

Roy Twite, Chief Executive, commented:

 

"IMI has delivered an excellent performance in the third quarter. Organic
revenue was 12% higher than the same period last year and is now 5% higher
year to date. This demonstrates the continued success of our growth strategy
and the strength of our One IMI operating model.

 

We delivered an outstanding performance in the Process Automation sector,
supported by rising global energy demand and our focus on high-margin
aftermarket orders, which are now up 7% organically year to date. The Climate
Control, Industrial Automation and Life Science & Fluid Control market
sectors all performed well.

 

With strong momentum across the business, we remain on track to deliver our
fourth consecutive year of mid-single digit organic revenue growth. I am
therefore pleased to reconfirm our full year guidance. Our strong balance
sheet and cash generation give us the flexibility to invest in organic growth,
pursue bolt-on acquisitions, and return capital to shareholders."

 

Excellent third quarter performance

 

Third quarter organic revenue was 12% higher than the same period last year,
with the Group now 5% higher year to date. Statutory revenue in the quarter
was 11% higher than last year, reflecting the foreign currency movements seen
in the period.

 

Automation

 

Automation (64% of 2024 sales) delivered an excellent performance. Organic
revenue was up 17% in the third quarter and is 8% higher year to date.

 

·      Process Automation (41% of 2024 sales) had another outstanding
quarter, with organic revenue now 14% higher year to date, and up 26% in the
period reflecting the phasing of shipments in the orderbook. As expected,
total orders are flat organically year to date, against a strong comparator.
Excluding the multi-year £33m Marine order in the comparator, total orders
are up 5% organically year to date. High-margin Aftermarket orders are up 7%
organically year to date and were up 1% against a strong performance in the
third quarter last year.

 

·      Industrial Automation (23% of 2024 sales) organic revenue was 2%
higher than the same period last year, as we benefitted from catch-up
shipments following the first quarter cyber incident.

 

Life Technology

 

Life Technology (36% of 2024 sales) organic revenue was up 4% in the third
quarter and is 1% higher year to date.

 

·      Climate Control (18% of 2024 sales) organic revenue was 5% higher
than the same period last year as we saw continued demand for our products
that reduce energy consumption in buildings. We are also benefiting from
demand for our advanced cooling technologies in the fast-growing data centre
market.

 

·      Life Science and Fluid Control (10% of 2024 sales) organic
revenue was up 13% in the third quarter as we saw a period of improved demand
and benefited from catch-up shipments following the cyber incident. Organic
revenue is now up 1% year to date.

 

·      Transport (8% of 2024 sales) organic revenue was 9% lower than
the same period last year, in line with the global heavy duty truck market.
The strategic review of our Transport sector is progressing.

 

 

Exchange rates

 

If exchange rates as at 24 October 2025 of US$1.33 and €1.14 remain constant
for the remainder of the year, it would negatively impact revenue by
approximately 1% and adjusted operating profit by approximately 1.5% in the
full year when compared to 2024.

 

Full year guidance reconfirmed

 

We are on track to deliver our fourth consecutive year of mid-single digit
organic revenue growth in 2025. We continue to expect that full year adjusted
basic earnings per share will be between 129p and 136p.

 

Full year results

 

IMI will present its preliminary results announcement for the year ending 31
December 2025 on 6 March 2026.

 

 Enquiries to:

 Edward Hann    IMI         Tel: +44 (0)7977 354 810
 Faeth Birch    FGS Global  Tel: +44 (0)7768 943 171
 James Gray     FGS Global  Tel: +44 (0)7814 379 412
                            IMI-UK@fgsglobal.com (mailto:IMI-UK@fgsglobal.com)

A conference call for analysts and investors will be held at 08:00 GMT today
to discuss this statement. To access the call, please register using the link:

 

https://www.netroadshow.com/events/login/LE9zwo4BQmHHKG55MHPdwaCnwOesU7ILdxv
(https://www.netroadshow.com/events/login/LE9zwo4BQmHHKG55MHPdwaCnwOesU7ILdxv)

 

 

Notes

 

IMI plc is a global leader in fluid and motion control. Its innovative
solutions, built around valves and actuators, enable vital sectors to become
safer, more productive and more energy efficient. IMI combines world-class
applications engineering expertise with a continued focus on commercial
excellence, market-led innovation and continuous improvement to solve its
customers most acute engineering problems. IMI employs approximately 10,000
people, has manufacturing facilities in 18 countries and operates a global
service network. IMI is a member of the FTSE 100 and is listed on the London
Stock Exchange. Further information is available at www.imiplc.com
(http://www.imiplc.com) .

 

References to adjusted figures reflect figures as reported to management and
do not include the impact of adjusting items. References to organic changes
are on a constant currency basis and exclude disposals and acquisitions.

 

IMI plc is registered in England No. 714275. Its legal entity identifier
('LEI') number is 2138002W9Q21PF751R30.

 

Brand materials can be found here
(https://imi-brand.com/d/bf8dsNivmjuw/brand-library#/-/photography-library) .

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