Business
Full Year Trading Update and Notice of Results
James Fisher and Sons plc announced a full-year trading update indicating underlying operating profit is expected to be ahead of market expectations at approximately £28 million, with an improved margin of around 7%, on revenue of approximately £395 million, representing like-for-like growth of about 4%. The company maintained its net debt to EBITDA within the target range of 1.0-1.5x, benefiting from supportive end markets, particularly in Defence with recent contract wins enhancing FY26 visibility, and strong performance in Maritime Transport, despite some softness in oil and gas. Full year results are scheduled for release on March 12, 2026. Disclaimer*
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n\n29 January 2026\nJames Fisher and Sons plc\n('James Fisher', 'the Group')\n \nFull Year Trading Update and Notice of Results\nUnderlying operating profit ahead of expectations, with improved margin\n \nJames Fisher and Sons plc (FSJ.L), a leading marine services company providing innovative solutions across energy, defence and maritime transport, provides an update on trading for the year ended 31 December 2025 ('FY25'), ahead of its full year results on 12 March 2026.\nHighlights\n\n\n\n\n· \n\n\nImproved overall trading performance through the second half, on the back of largely supportive end markets\n\n\n\n\n· \n\n\nRevenue expected of c.£395m represents like-for-like revenue growth of c.4%\n\n\n\n\n· \n\n\nStrategic improvement initiatives benefited Group underlying operating profit, which is anticipated to be ahead of current market expectations1 at c.£28m with an improved margin of c.7%\n\n\n\n\n· \n\n\nNet debt / EBITDA maintained within target range of 1.0-1.5x\n\n\n\n\n· \n\n\nContinued momentum in Defence with recent contract wins improving FY26 visibility\n\n\n\n\n \nJean Vernet, Chief Executive Officer, commented: \"I am encouraged by our continued progress in 2025, where good second half delivery is anticipated to result in a full year underlying operating profit performance ahead of market expectations. We have made further progress across our key strategic priorities, bringing us closer to our medium-term targets and enabling the businesses to focus increasingly on their long-term growth opportunities.\n\"Throughout the year we followed our core principles of 'focus, simplify and deliver' resulting in a streamlined business portfolio, strengthened product base and international expansion. Despite softness in oil and gas in the second half, overall market conditions remain largely supportive, and we have entered 2026 well positioned to deliver further progress.\"\n \nFY25 Trading\nTrading improved seasonally in the second half where conditions, outside of some softness in well testing, remained largely supportive across key end markets.\nRevenue of c.£395m grew 4% like-for-like, adjusted for 2024 disposals2 and the staged closures of the IRM Middle...