The Weir Group plc Board has approved an interim dividend of 19.6 pence per share (2024: 17.9p). This is in line with their policy of distributing one third of adjusted EPS and represents a 9% increase on the prior year. The interim dividend will be paid on 4 November 2025 to Shareholders on the register on 3 October 2025.
Other financial highlights include:
Executing their strategy to deliver compounding growth
• Micromine acquisition completed - significantly accelerating digital strategy
• Townley acquisition brings exposure to attractive US phosphate market and foundry
• CiDRA P29 investment complementing their partnership with Eriez on transformational separation solutions
Positive demand environment driving order momentum
• OE order growth +7% supported by brownfield activity and £40m order in Talabre, Chile
• High activity levels driving strong AM order growth; +8%
◦ Minerals AM +10%; underlying growth +7% excluding multi-period order
◦ ESCO AM +1% like-for-like; +7% growth in core GET offset by dredge phasing
◦ Micromine £12m contribution, in line with deal model
Excellent operational performance; US tariff effects mitigated
• Strong demand for aftermarket driving revenue +4%
• Adjusted operating profit margin of 19.8%; +220bps YoY
• Cumulative Performance Excellence savings of £40m; £11m incremental savings in H1 as expected
Strong cash conversion and extension of debt maturities
• Free operating cash conversion of 62%, -6pp following exceptional FY 2024 performance
• Net debt to EBITDA of 2.0x, to reduce below 2.0x by the end of 2025
• Long dated debt maturity profile after refinancing of UK and US public bonds
FY Outlook: Constant currency revenue guidance reiterated, operating profit margin upgraded
• Growing pipeline of sustainable solutions and positive activity levels in AM
• Prior operating profit margin guidance upgraded to c.20%
• Free operating cash conversion of 90% to 100%
