London · Delayed Price · Currency is GBP · Price in GBX Melrose Industries Earnings Call Transcripts
Fiscal Year 2025
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2025 saw robust revenue, margin, and cash flow growth, driven by Engines and defense, with transformation complete and strong aftermarket momentum. 2026 guidance points to continued double-digit growth, margin expansion, and increased shareholder returns, underpinned by strong demand and operational execution.
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Strong H1 2025 results with revenue up 6% and operating profit up 29%, driven by Engines and margin expansion. Guidance for 2025 and five-year targets reaffirmed, with robust cash flow and market demand despite supply chain and tariff challenges.
Fiscal Year 2024
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Profit and margins reached the top end of expectations in 2024, driven by Engines' aftermarket growth and restructuring benefits. Five-year targets include high single-digit revenue CAGR, margin expansion to 24%+, and £600m+ free cash flow, with strong cash generation expected from 2025.