Slide 1: Full Year Results 2025
Full Year Results 2025 12 June 2025 Marc Ronchetti – Group Chief Executive Carole Cran – Chief Financial Officer
Slide 2: Introduction
Introduction Marc Ronchetti Group Chief Executive Hong-Nga Nguyen Growing a safer, cleaner, healthier Manufacturing Technician, MST future for everyone, every day Halma Full Year Results 2025 – 12 June 2025 2
Slide 3: Record results; increased confidence in future
Record results; increased confidence in future 22nd consecutive year of profit growth Strong organic growth, above long-term average Margins and returns increased; in upper part of target ranges Cash generation supporting further substantial investment 46th year of dividend increase of 5% or more Ha
Slide 4: Financial Review
Financial Review Carole Cran Chief Financial Officer Levi Pike Growing a safer, cleaner, healthier Technical Resources Manager, Deep Trekker future for everyone, every day Halma Full Year Results 2025 – 12 June 2025 4
Slide 5: Full year 2025: Record revenue and profit
Full year 2025: Record revenue and profit Revenue EBIT1 ROTIC3 Strong growth and increased returns +11% +15% 15.0% £2,248m margin: 21.6% (FY24: £2,034m) (FY24: 20.8%) (FY24: 14.4%) R&D spend 7 acquisitions5 Acquisition profit6 Continued strategic £108m £157m 3.5% investment 4.8% of revenue (FY24: £1
Slide 6: Good organic revenue growth momentum
Good organic revenue growth momentum +3.1% £2,248m +10.5% +9.4% (0.4)% (1.6)% £2,034m FY24 Organic1 Acquisitions Disposals Currency FY25 1: On an organic constant currency basis. Halma Full Year Results 2025 – 12 June 2025 6
Slide 7: Adjusted EBIT – strong growth and margin
Adjusted1 EBIT – strong growth and margin Adjusted1 EBIT margin 21.6% +4.1% £486.3m (0.1)% +14.7% +12.6% (1.9)% Adjusted1 EBIT margin 20.8% £424.0m FY24 Organic2 Acquisitions Disposals Currency FY25 1. Adjusted EBIT is profit before interest and taxation, amortisation and impairment of acquired inta
Slide 8: Safety Sector
Safety Sector Revenue by destination Other Revenue R&D spend £902m: +9% +7% £50m: +11% +5% organic USA Organic1 +8% FY24: £45m +11% Asia Pacific 9% +9% organic +10% 27% Profit2 +12% organic 16% R&D % of revenue £218m: +14% 5.6% Organic1 +12% £902m FY24: 5.5% UK 19% +11% 29% Profit2 margin +9% organi
Slide 9: Environmental & Analysis Sector
Environmental & Analysis Sector Revenue by destination Other Revenue R&D spend Asia Pacific +7% £777m: +18% £28m: +4% Organic1 +19% +13% +6% organic FY24: £27m +13% organic 5% 11% Profit2 UK R&D % of revenue USA £186m: +25% +4% 12% 3.7% +4% organic £777m +27% Organic1 +26% +28% organic FY24: 4.2% Eu
Slide 10: Healthcare Sector
Healthcare Sector Revenue by destination Other Revenue R&D spend +1% £570m: +3% (1)% organic £30m: (4)% Organic1 +0.3% Asia Pacific FY24: £31m3 +8% 7% +4% organic 13% Profit2 USA R&D % of revenue £131m: +4% UK 5.2% +3% 9% £570m 53% +6% Organic1 +0.3% +4% organic FY24: 5.6%3 +1% organic 18% Profit2 m
Slide 11: Strong cash flows and balance sheet
Strong cash flows and balance sheet £100m 0 Working capital £(100)m inflow £30m Investment £(200)m (R&D and capex)3 £154m £(300)m Net acquisition spend4 £(400)m £162m Dividend £84m £(500)m FY25 Tax, interest £(600)m FY24 & other5 £160m £(700)m EBITDA2 Net debt1 Net debt1 pre-R&D £653m £536m £647m Ge
Slide 12: Broad-based strong performance against financial KPIs
Broad-based strong performance against financial KPIs Organic revenue* Organic profit* Adjusted EBIT margin EPS growth +12.6% +14.4% +9.4% 21.6% Threshold 10% Range 19-23% Threshold 5% Threshold 5% R&D investment Acquisition profit** Cash conversion Return on Total (% of revenue) Invested Capital Th
Slide 13: Sustainable compounding growth
Sustainable compounding growth Revenue (£m) Adjusted1 EBIT(£m) £486m 2,500 £2,248m 500 2,250 10-year CAGR 450 10-year CAGR 2,000 12% 400 12% 1,750 350 1,500 300 1,250 250 1,000 200 750 150 500 100 250 50 0 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY
Slide 14: FY26 outlook
FY26 outlook Positive start to FY26 Strong order book; order intake ahead of revenue and last year While geopolitical and economic environment remains uncertain… …expect upper single digit percentage OCCY revenue growth …incl. benefit from further very strong growth in photonics Adjusted EBIT margin
Slide 15: Strategy Update
Strategy Update Marc Ronchetti Group Chief Executive Ann Vongphouthone Growing a safer, cleaner, healthier Manufacturing Technician, MST future for everyone, every day Halma Full Year Results 2025 – 12 June 2025 15
Slide 16: Sustainable Growth Model
Sustainable Growth Model Clear growth strategy Culture and DNA Ambitious Long-term purpose growth markets Agile business Sustainable model financial model Halma Full Year Results 2025 – 12 June 2025 16
Slide 17: Anatomy of Halma companies and leaders
Anatomy of Halma companies and leaders Aligned Purpose with driven purpose Strong High Strong cash cultural Low ego intellect generation fit and EQ Anatomy Anatomy High Global Build margins and returns of a Halma niche markets trust and networks of a Halma Entrepreneurial and ambitious company leade
Slide 18: Purpose-aligned M&A in new and existing areas
Purpose-aligned M&A in new and existing areas Electrical testing Pipeline inspection Minimally-invasive surgery April 2024 October 2024 November 2024 £43m £24m £41m Standalone Minicam bolt on Standalone Bolt-ons for technology and market reach Recycling capital – disposal June 2024 July 2024 July 20
Slide 19: Purpose-aligned M&A: MK Test Systems
Purpose-aligned M&A: MK Test Systems Keeping people safe by testing critical electrical equipment Strong long-term growth drivers • Increasingly complex electrical requirements • Growing high voltage electrification • Increasing safety regulation • Greater automation of electrical testing • Increasi
Slide 20: Benefits of being part of Halma
Benefits of being part of Halma Collaboration with Halma network M&A support to accelerate growth Attract and develop world-class talent Brand and communications advice International network for growth Finance, legal and risk analysis Technology and digital support Capital strength Halma Full Year R
Slide 21: Video
Video Sentric, Crowcon, Minicam https://youtu.be/A8tZhHeT4L4 (click to view)
Slide 22: The benefits of being part of Halma
The benefits of being part of Halma Halma Full Year Results 2025 – 12 June 2025 22
Slide 23: Photonics: enabling success as part of Halma
Photonics: enabling success as part of Halma Significant technical skills Long-term Entrepreneurial customer leadership relationships Deep Agility to understanding scale rapidly of customer needs Supporting the build of a major “hyperscaler” technology customer’s data centre capabilities Halma Full
Slide 24: Video
Video BEA/IZI https://youtu.be/YTBAoIKrtEk (click here)
Slide 25: Working closely with our customers
Working closely with our customers Halma Full Year Results 2025 – 12 June 2025 25
Slide 26: Sustainable Growth Model
Sustainable Growth Model Clear growth strategy Culture and DNA Ambitious Long-term purpose growth markets Agile business Sustainable model financial model Halma Full Year Results 2025 – 12 June 2025 26
Slide 27: Summary
Summary Strong FY25 performance Expect another successful year in FY26 Enabled by Sustainable Growth Model Well positioned for the longer-term Halma Full Year Results 2025 – 12 June 2025 27
Slide 28: Questions
Questions Ashley Bridge Warehouse Manager, MK Test Halma Full Year Results 2025 – 12 June 2025 28
Slide 29: Appendices
Appendices Halma
Slide 30: Revenue and profit: first and second half performance
Revenue and profit: first and second half performance First half FY25 Second half FY25 Full year FY25 Reported revenue £1,074.3m (+13.0%) £1,173.8m (+8.3%) +10.5% Organic revenue3 +11.5% +7.5% +9.4% Reported EBIT1 £222.5m (+17.2%) £263.7 (+12.7%) +14.7% Organic EBIT1,3 +14.8% +10.8% +12.6% EBIT1 mar
Slide 31: Broad-based revenue growth across all regions
Broad-based revenue growth across all regions Revenue and revenue change by destination Reported Organic constant currency Other Other +5% +4% Asia Pacific 7% Asia Pacific +11% +10% 14% USA USA £2,248m 46% +16% +9.4% +16% UK 14% +10.5% UK +7% +6% 19% Europe Europe +3% (0)% Halma Full Year Results 20
Slide 32: Sector performances
Sector performances Revenue Profit* Environmental Environmental Safety & Analysis Safety & Analysis +9.5% 35% +18.0% +13.7% 35% +25.4% 40% 41% £2,248m £534m 25% xx% 24% xx% Healthcare Healthcare +3.2% +4.0% * For the sectors, profit represents adjusted operating profit before central administration
Slide 33: Sector performances: Organic constant currency
Sector performances: Organic constant currency Revenue Profit* Environmental Environmental Safety & Analysis Safety & Analysis +7.7% +19.0% +11.6% +25.5% +9.4% +13.0% Healthcare Healthcare +0.3% +0.3% * For the sectors, profit represents adjusted operating profit before central administration costs,
Slide 34: Safety Sector
Safety Sector £902.0m +3.4% +9.5% +7.7% (0.2)% (1.4)% Revenue £823.8m FY24 Organic2 Acquisitions Disposals Currency FY25 +3.6% +0.3% £217.9m +13.7% +11.6% (1.8)% Sector £191.6m profit1 FY24 Organic2 Acquisitions Disposals Currency FY25 1: See notes on slide 36. 2: On an organic constant currency bas
Slide 35: Environmental & Analysis Sector
Environmental & Analysis Sector +1.7% £776.6m +19.0% +18.0% (1.1)% (1.6)% Revenue £658.4m FY24 Organic2 Acquisitions Disposals Currency FY25 +2.4% £185.5m +25.5% +25.4% (0.7)% (1.8)% Sector profit1 £147.9m FY24 Organic2 Acquisitions Disposals Currency FY25 1: See notes on slide 36. 2: On an organic
Slide 36: Healthcare Sector
Healthcare Sector +4.5% £570.4m -% +3.2% (1.6)% £552.9m +0.3% Revenue FY24 Organic2 Acquisitions Disposals Currency FY25 +5.4% £130.6m -% +4.0% (1.7)% £125.6m +0.3% Sector profit1 FY24 Organic2 Acquisitions Disposals Currency FY25 1: See notes on slide 36. 2: On an organic constant currency basis Ha
Slide 37: Sector history
Sector history £m FY20 FY21 FY22 FY23 FY24 FY25 Revenue Safety 620.8 587.0 641.4 745.6 823.8 902.0 Environmental & Analysis3 370.7 361.1 442.9 552.1 658.4 776.6 Healthcare3 347.2 371.3 442.3 556.4 552.9 570.4 Inter-segment sales (0.3) (1.2) (1.3) (1.3) (1.0) (0.9) Group revenue 1,338.4 1,318.2 1,525
Slide 38: Currency effects
Currency effects US$ % change Euro % change FY25 FY24 FY25 FY24 Average rates 1.28 1.26 +1.5% 1.19 1.16 +2.5% versus Sterling Movement for every 1% change* US$ (~52% of revenue) Euro (~13% of revenue) Revenue £11.5m £2.8m Profit £2.8m £0.7m * Based on FY25 results. Halma Full Year Results 2025 – 12
Slide 39: Profit adjustments
Profit adjustments* £m FY25 FY24 Intangible amortisation and (56.9) (49.5) impairment Acquisition items** (20.2) (7.1) Disposal of operations 3.0 0.5 Impairment of associate company (1.0) - (75.1) (56.1) * items (charged)/credited in arriving at statutory profit. ** including acquisition costs, adju
Slide 40: Pensions
Pensions Defined Benefit Pension Schemes 31 March 2025 31 March 2024 (£m) Assets 216.5 278.5 Liabilities (214.5) (247.6) Surplus 2.0 30.9 • Discount rate 5.70% (31 March 2024: 4.75%) • Closed DB schemes to future accrual December 2014 • Buy-in policies purchased in September 2024 for the Group’s two
Slide 41: Acquisition contribution
Acquisition contribution FY25 FY26 Run-rate at Actual* Run-rate at acquisition acquisition (£m) (£m) (£m) Revenue 68.3 63.6 16.9 Operating profit 22.0 17.4 5.1 Profit (net of financing cost) 11.7 7.1 3.2 Profit margin** (%) 32.2 27.3 30.2 The table above gives the results for VIR, Sewertronics, Laze
Slide 42: Full Year 2026 forecasts
Full Year 2026 forecasts Notes FY26 forecasts FY25 actual Capex c.£50m £45.6m Effective tax rate 1 c.22.5% 22.6% Central costs c.£53m £47.7m Net finance expense 2, 3 c.£22m £26.9m Notes: 1. FY26 based on expected mix of profit. 2. Assuming no further acquisitions. 3. FY26 includes estimated £3.8m le
Slide 43: Disclaimer
Disclaimer This document contains statements about Halma plc that are or may be forward-looking statements. Forward-looking statements include statements relating to (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, div