Halma (HLMA) Trading Update summary

Trading performance and outlook

• Achieved strong progress in H2, positioning for a 22nd consecutive year of record adjusted profit.

• Organic revenue growth supported by order intake exceeding both revenue and prior year levels.

• Adjusted EBIT margin now expected modestly above 21% for FY25, up from previous guidance of around 21%.

• Organic constant currency revenue growth guidance remains unchanged from November 2024.

• Sterling appreciation expected to negatively impact results, with estimated £29m revenue and £8m profit headwinds.

Acquisitions and financial position

• Completed seven acquisitions across all sectors, investing £158m on a maximum total consideration basis.

• Maintains a healthy acquisition pipeline and strong cash generation.

• Financial position remains robust, supporting ongoing and future investments.

• Cash conversion for the full year is expected to be strong.

Leadership and governance

• Carole Cran appointed CFO Designate on 8 January 2025, succeeding Steve Gunning as CFO on 1 April 2025.

• Succession aligns with established plans, ensuring continuity in financial leadership.