Smiths Group has recorded a 6.5% increase in its full-year revenue, reaching £3.33bn in the 12 months to 31 July.

The engineering firm had increased its revenue guidance twice in the last year.

In this period, Smiths’ operating profit jumped by 10.3% to £580m, while its earnings per share increased by 14.8% in this period to 121.2 pence per share.

The announcement comes after the firm launched its separation processes for Smiths Interconnect and Smiths Detection, which are progressing. An announcement on Smiths Interconnect is expected by the end of December.

Furthermore, Smiths stated that its acceleration plan is on track, with £22m of costs incurred in the last 12 months.

Chief executive officer at Smiths Group, Roland Carter, said: "This has been another successful year for the group, building on our strong track record of consistent growth and returns.

"This strong performance reflects the quality of our business and agility managing ongoing macro-economic uncertainties. Our order book and momentum in the business support our confidence in our positive outlook for FY2026, and we expect organic revenue growth of 4-6% and continuing margin expansion towards our medium-term targets."

In its outlook for the 2026 financial year, Smiths expects organic revenue growth of between 4% and 6%.

The firm said that its outlook reflects the strength of its order book, as well as the ongoing macro environment uncertainty, with tariffs and increased geopolitical risks casing market instability.

Carter concluded: "FY2025 has been a pivotal year and the strategic actions we have announced to focus Smiths as a world-class industrial engineering company to unlock significant value and enhance returns to shareholders are well underway.

"None of this would be possible without our dedicated people, and I would like to thank colleagues across Smiths for their support, diligence and commitment, particularly as we navigate a period of rapid change."

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