Porvair reports half-year of growth

(Sharecast News) - Porvair reported a period of growth in the six months ended 31 May on Monday, with revenue rising 3% to £97.7m, or 5% higher on a constant currency basis. Adjusted operating profit edged up 1% to £12.6m, while operating profit increased 3% to £11.9m.

The London-listed firm said adjusted profit before tax rose 4% to £12m, and statutory profit before tax climbed 7% to £11.3m.

Adjusted basic earnings per share were up 3% at 20p, while basic earnings per share increased 5% to 19p.

Cash at the period end stood at £17.1m, up from £4.1m a year earlier, despite £2.3m of capital investment.

The interim dividend was raised slightly to 2.2p per share from 2.1p.

"The group has performed in line with expectations during the first six months of 2025," said chief executive Hooman Caman Javvi, reporting on his first set of results since taking the role.

"Trading has been mixed across our end markets, with strength in certain industrial businesses and laboratory instruments, offsetting softness in aerospace and foundry together with foreign exchange headwinds.

"Currently, the trading outlook for the second half of the year remains positive."

Javvi said that, since joining the group, he had visited its locations and met with its team across the business.

"I have been encouraged by our technical capabilities and the potential of the company, as it is facing end-markets with long-term growth potential."

Porvair said it was well positioned to benefit from long-term trends including tightening environmental regulation, demand for clean water, the growth of analytical science, the drive for carbon-efficient transport, the shift from plastic and steel to aluminium, and the push for higher manufacturing quality and efficiency.

At 1151 BST, shares in Porvair were down 3.96% at 741.4p.

Reporting by Josh White for Sharecast.com.