IMI (IMI) Q3 2026 TU earnings summary

Executive summary

• Q3 delivered continued momentum against a strong comparator; on track for a sixth consecutive year of mid-single-digit organic revenue growth.

• FY adjusted EPS guidance increased to 137p–143p, principally reflecting Truflo Marine’s additional contribution ahead of its delayed disposal and stronger Transport growth.

Financial highlights

• Q3 organic revenue increased 2%, versus 12% organic growth in Q3 2025; YTD organic revenue increased 4%.

• Q3 statutory revenue increased 3%, reflecting foreign currency movements.

Outlook and guidance

• FY adjusted basic EPS guidance is 137p–143p, raised from 136p–142p; Truflo Marine disposal is expected to complete in Q4 2026, previously Q3.

• FY outlook assumes Middle East shipments planned for the year are delivered by year-end; YTD shipments are in line with Q1 expectations.

• 2027 assumptions: net interest charge ~£23m, adjusted effective tax rate similar to 2026, and weighted average shares ~231m; excludes further acquisitions or buybacks.

• FY 2026 assumptions include £20m net interest charge, 26.3% adjusted effective tax rate and 239m weighted average shares following completion of the £500m buyback.