Diploma PLC (DPLM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Diploma's 2025 results update. Thank you for being here. I'm joined by Wilson Ng. After various senior finance roles, Wilson joined Diploma about three years ago, and he's been an important member of our senior team since. He's doing a great job stepping up as our acting CFO, and I'm delighted that he's here today. He's going to take you through the numbers in a second. Before that, I'll give you a bit of an overview, and then I'll come back and do a strategy and business update at the end. We'll have Q&A as normal. It's been another great year for Diploma. We've delivered a very strong performance across all our key financial metrics and ahead of expectations, building on our long-term compounding track record. We continue to balance ambitious earnings growth with disciplined returns, key to sustainable success. The quality and diversity of our portfolio gives us exposure to attractive end markets, providing structural support for long-term organic growth. We accelerate organic growth with acquisitions that further compound our growth. We've got great momentum, having completed six since the start of quarter four. We've a strong pipeline and significant balance sheet capacity. The new year has started well, and we're confident in delivering another year of sustainable quality compounding. A moment now to reflect. Diploma has been delivering compounded double digit revenue and earnings growth for decades and a great return on capital too. Over the last seven years, we've developed the strategy, injected more ambition, improved our execution. The compounding has accelerated with a step up in both organic growth and acquisitions. But what's really exciting is that we're only just getting started. And so the group's future is promising. The foundations in the...