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2025 Annual Reports Cover

FY2025 Annual Report

Read more in our FY2025 Annual Report.

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Highlights 2025 Full-Year results

+8.9%

Organic revenue growth

17.4%

Operating profit margin (+60bps)

18.1%

ROCE (+170bps)

14.8%

Headline EPS growth

46p

Full-year dividend per share (+5.1%)

99%

Operating cash conversion (+2pps)

FY2026 guidance
Organic revenue growth: 4-6% Continuing margin expansion

Watch Smiths Group CEO interviewed by business journalist Ian King

Smiths Ceo Interviewed By Ian King
Roland Headshot FINAL
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We will become a more focused business with significant potential for future growth and value creation. Focusing on our world-class John Crane and Flex-Tek businesses and carefully managing the separation of Smiths Interconnect and Smiths Detection, we will deliver significant value for all stakeholders.

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Roland Carter
Smiths Group CEO

A fundamentally strong business

Smiths is a FTSE 100 company with a balanced portfolio of market-leading, industrial technology businesses. Our businesses have leading positions in critical markets, and deliver superior customer service through our global capabilities and sustained investment in R&D.

All of this supported by a robust financial framework with high proportion of recurring revenues through our aftermarket offering, and high and resilient margins.

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