Porvair has announced that its full-year revenue and profits reached record levels in its 2024 financial year.

The specialist filtration, laboratory and environmental technology group saw its revenue increase by 9% to £192.6m in the year to 30 November 2024.

Porvair also saw its profit before tax jump by 4% to £20.9m, while its operating profit increased by 8% to £22.8m.

The firm’s basic earnings per share increased by 3% annually to 35.8 pence, with the firm stating that the full year dividend reached 6.3 pence per share.

Chief executive at Porvair, Ben Stocks, said: "Porvair delivered record revenue and profits in 2024, posting percentage revenue growth in line with its 20-year trading record. Trading conditions were mixed, with strength in aerospace and petrochemical markets offsetting weakness in laboratory and industrial consumables. The group's strategy, unchanged since 2004, continues to deliver consistent results despite some end-market inconsistency.

"The group focuses on markets with long-term secular growth drivers: tightening environmental regulation; the growth of analytical science; the need for clean water; the development of carbon-efficient transportation; the replacement of plastic and steel by aluminium; and the drive for manufacturing process quality and efficiency. These trends underpin our trading record and enable the board to make longer-term plans, as set out in our ESG report published alongside these results."

Looking ahead, the firm said that its strategy is "unchanged since 2004" and that it would continue to "deliver consistent results despite some end-market inconsistency".

Stocks added: "In the nearer term there is much to look forward to in 2025: new product introductions in aerospace, Seal Analytical and Kbiosystems; the installation of a new manufacturing line for aluminium filtration; industrial demand recovery in the US; and increased laboratory in-house manufacturing through Hungary.

"[This year] will also be a year of management transition as I will retire as CEO and the new team of Hooman Caman Javvi and James Mills will take the group forward and build on the strength of our model. The board is optimistic for the future."

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