London · Delayed Price · Currency is GBP · Price in GBX James Fisher and Sons Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 4% year-over-year with operating profit up 56% and margin at 7.6%. Defense, energy, and maritime transport divisions all improved, supported by new product launches and strategic investments. The group targets a 10% margin and 15% ROCE within two years.
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Solid H1 2025 results with 14.4% operating profit growth, margin up to 5.8%, and a 45% order book increase. Energy and defense segments showed strong performance, while investments in innovation and new markets support future growth.
Fiscal Year 2024
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Adjusted revenue grew 8.6% year-over-year, with operating profit up 31% and net debt reduced to £61m. Strong performance in Energy and Defense, ongoing cost savings, and a simplified portfolio position the business for growth, despite non-recurring 2024 items and LNG market challenges.
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First half 2024 saw revenue down 12% year-on-year but operating profit up 20% due to business closures and asset sales. Net debt was significantly reduced, and the group is on track for further deleveraging and improved profitability in H2, with supportive end markets and a strong contract pipeline.