Halma plc (HLMA) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our full year 26 results presentation. I'm delighted to be here to present a very strong set of results for the year. Results which once again demonstrate the quality of our businesses and the strength of our sustainable growth model. A model built on decades of disciplined choices around the markets we operate in, the companies we acquire and the leaders we trust to run them. And I'd like to start today by thanking everyone at Halma for their individual contributions to our record performance, a performance we should all be incredibly proud of. Together, we continue to make a meaningful difference by pursuing our purpose of growing a safer, cleaner, healthier future for everyone, every day. Carol will provide more insight into our financial performance shortly, But first, let me start with the highlights. It's fantastic to report our 23rd consecutive year of profit growth. And I'm really pleased to see these results underpinned by strong, broad-based organic growth delivered across all three sectors. Our results include a premium growth contribution from the continued scaling of our photonics business. More here from Carol shortly. We've delivered strong margins, high returns and good cash conversion. And this performance enabled us to reinvest at a record level well over £600 million in the significant opportunities we see for future growth, including a record year for both R&D spend and M&A. These results reflect the cumulative benefit of decades of disciplined choices, and a model that enables a virtuous cycle of growth where strong performance funds further investment in innovation, talent and acquisitions. You'll recognise the core elements of our sustainable growth model on this slide. In our half year results in November, I shared ...