RELX Plc (REL) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.018 Good morning, everybody. Thank you for taking the time to join us today. 00:00:05.018 -- 00:00:09.704 As you may have seen from our press release this morning, we delivered strong financial 00:00:09.704 -- 00:00:11.747 results in 2025. 00:00:11.747 -- 00:00:16.834 We made further operational and strategic progress, and we continue to see positive 00:00:16.834 -- 00:00:20.196 momentum across the group. 00:00:20.900 -- 00:00:23.723 Underlying revenue growth was 7%. 00:00:23.723 -- 00:00:27.385 Underlying adjusted operating profit growth was 9%. 00:00:27.385 -- 00:00:32.969 and adjusted earnings per share growth was 10% at constant currency. 00:00:34.272 -- 00:00:37.215 All four business areas continue to perform well. 00:00:37.215 -- 00:00:41.960 On this chart, you can see the relative sizes of the business areas and their growth 00:00:41.960 -- 00:00:46.645 rates, with underlying adjusted operating profit growth exceeding underlying revenue 00:00:46.645 -- 00:00:50.467 growth in each business area. 00:00:51.070 -- 00:00:56.497 In risk, Underlying revenue growth was 8%, and underlying adjusted operating 00:00:56.497 -- 00:01:02.403 profit growth was 10%. Strong growth continues to be driven across segments 00:01:02.403 -- 00:01:07.728 by the development and rollout of our deeply embedded AI-enabled analytics 00:01:07.728 -- 00:01:13.693 and decision tools, with over 90% of divisional revenue coming from machine-to-machine 00:01:13.693 -- 00:01:18.738 interactions. In business services, which represents over 40% of 00:01:18.738 -- 00:01:24.433 divisional revenue, Strong growth continues to be driven by financial crime compliance 00:01:24.433 -- 00:01:29.399 and digital fraud and identity solutions and strong new sales. 00:01:29.399 --...