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Investing.com -- Renishaw (LON:RSW) delivered record revenue and stronger adjusted profit despite weak demand in some product areas, with a cautious but steady outlook for the new fiscal year.
Revenue for fiscal 2025 (FY25) rose 3.1% to £713m, with adjusted profit before tax up 3.8% at £127.2m.
Statutory profit fell 3.7% to £118m, hit by one-off costs from portfolio restructuring.
Adjusted EPS climbed 3.5% to 137.8p.
Operating margins held at 15.7% as cost controls offset inflationary pressures.
Manufacturing technologies revenue grew 3.6%, led by encoders and metrology systems, though additive manufacturing remained soft.
Analytical instruments and medical devices slipped 3.8% on weaker spectroscopy sales.
Cash and deposits climbed to £273.6m, while cash conversion was strong at 91%.
Renishaw raised the full-year dividend by 2.5% to 78.1p.
“I am pleased to report record revenue in FY2025, combined with an increase in adjusted profit in what remain challenging market conditions," said CEO Will Lee. He added that FY26 has begun “in line with our expectations” and the group expects “further steady revenue growth in the year ahead”.
Renishaw is targeting high single-digit growth and a margin lift above 20% over time, supported by new product launches, productivity improvements, and a £20m payroll reduction set for FY26.