IMI shares rose on Friday after the FTSE 100 flow control specialist announced steady revenue growth, a healthy increase in profits, and a fresh buyback.
The firm reported its fifth consecutive year of mid-single-digit organic revenue growth as the engineering group continued to grind out growth for shareholders who will be pleased to see a fresh £500m share buyback.
IMI grew organic revenue by 5% in 2025, while organic adjusted operating profit rose 8%. On a statutory basis, operating profit jumped 19% to £422m, with pre-tax profit up 27% to £419m.
The standout business area for IMI was Process Automation, where revenue grew 12% organically on the back of strong aftermarket demand, with aftermarket orders up 11%. The division’s Growth Hub posted record orders of £206m, up 38% on the prior year.
Industrial Automation had a tougher time, falling 1% organically. Together, the broader Automation platform delivered 8% organic revenue growth.
Life Technology was steadier, with revenue up 1% organically. Climate Control benefited from demand for energy-saving solutions, while Life Science & Fluid Control stabilised after a period of weakness. Transport declined 6% organically, in line with the softer global heavy-duty truck market.
Investors can expect more of the same from IMI. The firm said it expects to deliver a sixth consecutive year of mid-single digit organic growth in 2026, guiding to adjusted basic EPS of between 136p and 142p.
IMI shares were 3% higher at the time of writing.