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Visual21 Nov 2025
Data center suppliers
Spirax Group (SPX) investor relations material
Spirax Group Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings 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 a challenging global industrial production environment.
Strategic focus on growth and margin has offset weakness in key markets and project delays.
Financial highlights
Net borrowings (excluding leases) at 31 October were £596 million, down from £658 million at 30 June.
Net debt to EBITDA ratio improved to 1.6x from 1.8x at 30 June.
Outlook and guidance
Full year guidance unchanged, with organic revenue growth expected to match 2024 and outpace global industrial production.
Adjusted operating profit margin anticipated to exceed 2024 (currency adjusted), supporting mid-single digit organic growth in adjusted operating profit.
Outlook for large project demand recovery?
What drives Biopharm's sustained double-digit growth?
How are restructuring savings fueling organic growth?
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Next Spirax Group earnings date
Q4 20256 Mar, 2026
Next Spirax Group earnings date
Q4 20256 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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