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Spirax Group
Spirax Group (SPX) investor relations material
Spirax Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary13 Nov, 2025
Executive summary
Organic revenue growth and adjusted operating profit margin for the ten months to 31 October exceeded first half performance, despite challenging industrial production conditions globally.
Strategic focus on growth and margin, with continued investment in organic growth priorities and restructuring savings being reinvested.
Financial highlights
Net borrowings (excluding leases) reduced to £596 million at 31 October from £658 million at 30 June.
Group net debt to EBITDA ratio improved to 1.6x from 1.8x at 30 June.
Outlook and guidance
Full year guidance reiterated, expecting organic revenue growth consistent with 2024 and well ahead of global industrial production.
Adjusted operating profit margin anticipated to be above 2024 currency-adjusted margin, supporting mid-single digit organic growth in adjusted operating profit.
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Next Spirax Group earnings date
H2 202510 Mar, 2026
Spirax Group
Next Spirax Group earnings date
H2 202510 Mar, 2026
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Frequently asked questions
Spirax-Sarco Engineering plc is a global engineering company specializing in thermal energy management and niche pumping solutions. The company operates through three primary segments: Steam Specialties, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions. Its products include steam traps, control systems, electric heaters, and peristaltic pumps, which serve industries such as food and beverage, pharmaceuticals, chemicals, and energy. The company is headquartered in Cheltenham, United Kingdom, and its shares are listed on the LSE (London Stock Exchange).
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