Rotork plc (ROR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

morning everyone thank you for joining us today for our 2025 four-year results presentation alongside me is Ben Peacock our CFO we're pleased to have the opportunity to walk you through our performance for the year and we'll follow our normal format with time for Q&A at the end I'm pleased with the progress made in 2025 as we continue to execute on the growth plus strategy and would like to thank all our staff at Roadtalk growth plus continues to deliver because of their hard work dedication and commitment I'd also like to take a moment to acknowledge our staff and their families in the Middle East given the current conflict in the region our priority has been their safety and I'm pleased to say all are safe and well and we will continue to monitor the ongoing developments closely moving now to the key financial highlights order growth of 6% on an OCC basis was particularly pleasing with each division driving mid single digit OCC growth despite mixed end markets sales grew 3.7% OCC and when including the contribution of NOA this increases to 5.3% on a constant currency basis CPI had a very strong second half with target segment revenues accelerating while oil and gas saw some customer-driven project delays at the end of the year, which we'll talk about in a later slide. Adjusted operating profits were very encouraging, up 100 basis points year on year to 24.6%. Margins were helped by mix and operational efficiencies. Combined with sales growth this resulted in a 10% OCC adjusted operating profit growth for the full year. Return on capital employed remained at a high level at 38.4% helped by margins and disciplined capital deployment. Our balance sheet remained strong and cash conversion was good. As expected, net cash ended the year lower, reflecting the £40 million ...