12th Mar 2026 11:43
(Alliance News) - Vesuvius PLC on Thursday reported an increased total dividend for 2025, despite posting weaker earnings amid a top-line contraction.
The London-based firm specialises in molten metal flow engineering and technology.
Vesuvius reported pretax profit of GBP97.2 million for 2025, down 30% from GBP138.6 million in 2024.
Revenue fell 0.6% to GBP1.81 billion from GBP1.82 billion, as Vesuvius described the year as "challenging" and marked by "difficult" end market conditions, particularly in the EU and UK.
On a like-for-like basis, revenue improved 0.7%, with Vesuvius noting a foreign exchange headwind of 2.5% and a small contribution from acquisitions in the year.
Vesuvius proposed a final dividend of 16.5 pence, up 0.6% from 16.4p a year earlier. This brought its total dividend to 23.6p, up 0.4% from 23.5p.
Looking ahead, the company said it expects 2026 to mark a transition to recovery in the Steel and Foundry markets, although it noted that the impact of recent events in the Middle East "remains difficult to assess".
Vesuvius anticipates delivering profit growth in 2026 in line with expectations at constant currency. The company did not provide these expectations.
Shares in the company rose 2.2% to 446.60 pence late on Thursday morning in London.
"2025 has been a challenging year for Vesuvius, specifically in EMEA where both our Steel and Foundry end-markets contracted and where we experienced significant price pressure.
"We were, however, able to re-establish a globally positive net pricing in the second half of the year and were also able to offset part of the negative market impact with significant and above-expectation progress on our cost reduction programme and with market share gains," said Chief Executive Patrick Andre.
"In 2026 our performance will benefit from the continued execution of our cost reduction programme, from the full year contribution of our recent acquisitions and some modest volume growth," Andre continued. "On this basis, we expect our cash flow to grow in 2026, both from improved trading profit and from investment capex returning to a normalised level, both of which will also reduce leverage."
By Christopher Ward, Alliance News reporter
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