6 November 2025

Excellent third quarter performance

On track to deliver fourth consecutive year of mid-single digit organic revenue growth

Full year guidance reconfirmed

IMI plc ("IMI" or the "Group"), a global leader in fluid and motion control, issues the following trading update which covers results for the third quarter from 1 July to 30 September 2025.

Roy Twite, Chief Executive, commented:

"IMI has delivered an excellent performance in the third quarter. Organic revenue was 12% higher than the same period last year and is now 5% higher year to date. This demonstrates the continued success of our growth strategy and the strength of our One IMI operating model.

We delivered an outstanding performance in the Process Automation sector, supported by rising global energy demand and our focus on high-margin aftermarket orders, which are now up 7% organically year to date. The Climate Control, Industrial Automation and Life Science & Fluid Control market sectors all performed well.

With strong momentum across the business, we remain on track to deliver our fourth consecutive year of mid-single digit organic revenue growth. I am therefore pleased to reconfirm our full year guidance. Our strong balance sheet and cash generation give us the flexibility to invest in organic growth, pursue bolt-on acquisitions, and return capital to shareholders."

Excellent third quarter performance

Third quarter organic revenue was 12% higher than the same period last year, with the Group now 5% higher year to date. Statutory revenue in the quarter was 11% higher than last year, reflecting the foreign currency movements seen in the period.

Automation

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Automation (64% of 2024 sales) delivered an excellent performance. Organic revenue was up 17% in the third quarter and is 8% higher year to date.

·      Process Automation (41% of 2024 sales) had another outstanding quarter, with organic revenue now 14% higher year to date, and up 26% in the period reflecting the phasing of shipments in the orderbook. As expected, total orders are flat organically year to date, against a strong comparator. Excluding the multi-year £33m Marine order in the comparator, total orders are up 5% organically year to date. High-margin Aftermarket orders are up 7% organically year to date and were up 1% against a strong performance in the third quarter last year.

·      Industrial Automation (23% of 2024 sales) organic revenue was 2% higher than the same period last year, as we benefitted from catch-up shipments following the first quarter cyber incident.

Life Technology 

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Life Technology (36% of 2024 sales) organic revenue was up 4% in the third quarter and is 1% higher year to date.

·      Climate Control (18% of 2024 sales) organic revenue was 5% higher than the same period last year as we saw continued demand for our products that reduce energy consumption in buildings. We are also benefiting from demand for our advanced cooling technologies in the fast-growing data centre market.

·      Life Science and Fluid Control (10% of 2024 sales) organic revenue was up 13% in the third quarter as we saw a period of improved demand and benefited from catch-up shipments following the cyber incident. Organic revenue is now up 1% year to date.

·      Transport (8% of 2024 sales) organic revenue was 9% lower than the same period last year, in line with the global heavy duty truck market. The strategic review of our Transport sector is progressing.

Exchange rates

If exchange rates as at 24 October 2025 of US$1.33 and €1.14 remain constant for the remainder of the year, it would negatively impact revenue by approximately 1% and adjusted operating profit by approximately 1.5% in the full year when compared to 2024.

Full year guidance reconfirmed

We are on track to deliver our fourth consecutive year of mid-single digit organic revenue growth in 2025. We continue to expect that full year adjusted basic earnings per share will be between 129p and 136p.

Full year results

IMI will present its preliminary results announcement for the year ending 31 December 2025 on 6 March 2026.

A conference call for analysts and investors will be held at 08:00 GMT today to discuss this statement. To access the call, please register using the link:

https://www.netroadshow.com/events/login/LE9zwo4BQmHHKG55MHPdwaCnwOesU7ILdxv

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Notes

IMI plc is a global leader in fluid and motion control. Its innovative solutions, built around valves and actuators, enable vital sectors to become safer, more productive and more energy efficient. IMI combines world-class applications engineering expertise with a continued focus on commercial excellence, market-led innovation and continuous improvement to solve its customers most acute engineering problems. IMI employs approximately 10,000 people, has manufacturing facilities in 18 countries and operates a global service network. IMI is a member of the FTSE 100 and is listed on the London Stock Exchange. Further information is available at www.imiplc.com.

References to adjusted figures reflect figures as reported to management and do not include the impact of adjusting items. References to organic changes are on a constant currency basis and exclude disposals and acquisitions.

IMI plc is registered in England No. 714275. Its legal entity identifier ('LEI') number is 2138002W9Q21PF751R30.

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