**Summary of Weir Group PLCs Final Results for the Year Ended 31 December 2025**
Weir Group PLC reported strong financial results for 2025, highlighting significant strategic progress and operational execution. Key highlights include
**Revenue Growth**Revenue increased by 6% to £2,565 million, driven by strong demand in the mining sector, particularly in aftermarket (AM) sales, which grew by 8%. Original equipment (OE) revenue also saw a 2% increase.
**Profitability**Adjusted operating profit rose by 15% to £518 million, with an adjusted operating margin of 20.2%, up 150 basis points. This improvement was attributed to the Performance Excellence program and software margins.
**Strategic Acquisitions**The company made significant acquisitions, including Micromine, Fast2Mine, and Townley, which strengthened its software solutions and geographic presence, particularly in North America.
**Cash Flow and Debt**Free operating cash conversion was 92%, within the target range. Net debt to EBITDA was 1.9x, in line with guidance, reflecting recent M&A activities.
**Dividend**A final dividend of 22.1 pence per share was recommended, bringing the total full-year dividend to 41.7 pence per share, a 4% increase.
**Outlook for 2026**Weir Group expects further growth in constant currency revenue, operating profit, and margins, supported by brownfield expansions, positive activity levels, and contributions from recent acquisitions. The Performance Excellence savings target was increased to £90 million.
**CEO Commentary**Jon Stanton emphasized the companys strategic progress in digital transformation, geographic expansion, and product extensions. He highlighted the resilience of the aftermarket-biased business model and the strength of Weirs technology and customer relationships. Stanton expressed confidence in delivering another year of revenue growth and margin expansion in 2026, supported by structural tailwinds in the mining industry.
**Divisional Performance**
**Minerals**AM orders grew by 7%, driven by ore production trends and installed base expansion. Revenue increased by 6%, with AM revenue up 7% and OE revenue up 5%. Operating margin improved by 100 basis points to 21.9%.
**ESCO**Orders grew by 11%, with strong demand for core ground engaging tools (GET) and MOTION METRICSTM products. Revenue increased by 6%, and operating profit rose by 22%, with a 260 basis points improvement in operating margin to 21.4%.
**Sustainability and Safety**Weir Group made progress in reducing scope 1&2 emissions by 31% and maintained its A score for climate transparency from CDP. However, the total incident rate (TIR) increased to 0.52, prompting strengthened safety initiatives.
**Future Prospects**The company is well-positioned to benefit from the multi-decade growth opportunity in critical minerals and sustainable mining technologies. Weir Group aims to grow faster than its markets, maintain margins above 20%, and generate consistent cash flows, driving sustained growth in total shareholder returns.