18th Sep 2025 09:05
(Alliance News) - Renishaw PLC on Thursday said it is confident in progress towards margin improvement as it posted an adjusted profit growth and higher revenue.
The Gloucestershire, England-based provider of manufacturing technologies, analytical instruments, and medical devices said statutory pretax profit fell 3.7% to GBP118.0 million in the financial year ended June 30, from GBP122.6 million a year prior.
However, adjusted pretax profit climbed 3.8% to GBP127.2 million from GBP122.6 million.
The company explained it had non-recurring costs of GBP4.4 million in financial 2025 included in statutory pretax profit, relating to the closure of its Edinburgh research facility and the drug delivery aspect of the firm's Neurological business. Further, there were GBP4.9 million of provisions relating to other interest payable on historical and non-recurring tax matters.
Revenue grew 3.1% to GBP713.0 million from GBP691.3 million. The company noted "strong" demand for laser encoders for semiconductor wafer inspection in financial 2025.
It added: "Lower demand from the automotive sector affected sales of our Industrial Metrology, IM, products. However, opportunities in other sectors, including consumer electronics, helped offset that weakness and highlighted the strength of having a business that serves multiple sectors."
Renishaw proposed a final dividend of 61.3 pence per share, up 3.2% from 59.4p a year prior. This brings the total payout for financial 2025 to 78.1p, up 2.5% from 76.2p a year prior.
Chief Executive Officer Will Lee said: "To improve our margins, we are continuing to invest in our IT transformation and productivity improvements, and we are reducing our fixed costs in relation to the size of the business with clear targets for production, engineering, distribution and administration costs.
The board remains confident in our long-term sustainable growth model to drive shareholder value. This is built on solving customer problems with innovative products, global service and world-class in-house manufacturing."
Renishaw shares rose 7.2% to 3,425.00 pence each on Thursday morning in London. The company has a market capitalisation of GBP2.50 billion.
By Tom Budszus, Alliance News slot editor
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