11th Feb 2026 10:54
(Alliance News) - Renishaw PLC on Wednesday reported first-half revenue growth amid higher adjusted profit, as it "enters the second half with momentum".
The Gloucestershire, England-based firm supplier of manufacturing technologies, analytical instruments, and medical devices said revenue in the six months to December 31 rose 7.1% to GBP365.6 million from GBP341.4 million.
Renishaw shares were up 5.4% to 4,095.00 pence each on Wednesday morning in London, making it the best performer in the FTSE 250 index.
Adjusted operating profit increased 11% to GBP57.5 million from GBP51.6 million, as the adjusted operating margin improved to 15.7% from 15.1%.
However, statutory operating profit fell 22% to GBP40.1 million from GBP51.6 million, with the statutory margin declining to 11.0% from 15.1%, reflecting GBP18.0 million of restructuring and other one-off costs.
Adjusted pretax profit climbed 11% to GBP64.1 million from GBP57.5 million, while statutory pretax profit declined 20% to GBP46.0 million from GBP57.5 million.
The company cited "redundancy and impairment costs relating to previously announced restructuring activities, and other one-off costs".
The interim dividend is maintained at 16.8 pence per share.
Renishaw said second-quarter revenue was a record and 14% higher than the first quarter.
It expects revenue for financial 2026, which ends in June, between GBP740 million and GBP780 million. This would be 3.8% to 9.4% higher compared with GBP713.0 million in financial 2025. Further, the company anticipates adjusted pretax profit of GBP132 million to GBP157 million, up by between 3.8% and 23% versus GBP127.2 million.
Renishaw said positive momentum has continued into the early part of the third quarter, with strong demand across specific sectors and product lines offsetting more subdued conditions in general industrial markets.
Chief Executive Officer Will Lee said: "We have made strong progress in the first half, with a notable pick-up in revenue and order intake in Q2 and improving profitability. It is pleasing to see revenue growth in all three business segments, with significant progress in our emerging product lines.
"Our markets present significant structural growth opportunities, and we are excited about the prospects for the innovative products that we have recently launched. We enter H2 with momentum and we expect to achieve strong revenue and profit growth in the remainder of the year."
By Tom Budszus, Alliance News slot editor
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