IMI Reports Strong First-Half Performance for 2026
IMI plc delivered a strong first half of 2026 with organic revenue up 5% and adjusted operating profit rising by 8% to £217 million. The company maintained its full-year EPS guidance between £1.36 and £1.42, supported by growth across Automation, Life Technology, and Transport platforms. Cash generation improved significantly, with free cash flow increasing from £30 million in the first half of 2025 to £171 million this year. IMI also raised its interim dividend by 10% and returned over £300 million to shareholders through buybacks and dividends as part of a £500 million share repurchase program. Automation growth was driven by strong demand in nuclear, power, and LNG sectors. Management expects flat-to-slightly higher operating margins for the year with mid-single-digit organic revenue growth from Transport.
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