IMI Group said it recorded "another year of high-quality" revenue and profit growth, with its adjusted revenue increasing by 4% year-on-year to £2.3bn.

The FTSE 100 engineering firm said the latest figure marks a fifth consecutive year of mid-single digit organic growth.

IMI stated that around 45% of its revenue was generated from the higher margin aftermarket, with a record £206m of growth hub orders, which jumped by 38% year-on-year.

In the year to 31 December, the firm’s operating profit rose by 6% to £460m, while its profit before tax increased by the same proportion to £442m.

In this period, its automation revenue increased by 8% organically, while its life technology revenue jumped by 1%.

Chief executive officer at IMI, Roy Twite, said: "The execution of our growth strategy is creating significant value for shareholders, and we delivered another strong performance in 2025. We have now delivered five consecutive years of mid-single digit organic revenue growth and expanded margins to meet our medium-term target of 20%+.

"With our world-class engineering expertise and relentless focus on commercial excellence, we are well placed to address our customers' needs for bespoke, high value-add fluid and motion control solutions. Supported by our three long-term megatrends - energy, automation and healthcare - and our focus on the attractive aftermarket, we are compounding earnings growth."

As part of its full-year update, IMI announced a new £500m share buyback, reflecting its "disciplined approach" to capital allocation, creating value for shareholders.

In its outlook, the firm anticipates delivering its sixth consecutive year of mid-single digit organic revenue growth in 2026, based on current market expectations. Meanwhile, its adjusted basic earnings per share is set to land between £1.36 and £1.42.

Investment director at AJ Bell, Russ Mould, concluded: "If there’s one area where the UK market has a surfeit of high-class operators it is complex engineering and one of these names, IMI, topped the list of FTSE 100 gainers thanks to its latest results.

"The company makes valves, actuators, and control systems for the control of steam and fluids and serves a variety of sectors including healthcare, energy and climate control.

"A 5% increase in organic revenue translating into an 8% increase in operating profit tells a story of improved profitability and there was an impressive uplift in cash generation. Management demonstrated their confidence in what looks to be a solid outlook, with a generous buyback announced alongside a meaningful increase in the dividend."

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