Weir Group reports strong strategic and financial performance in H1 2025

Glasgow, UK — The Weir Group PLC has released its half-year results for the six months ending June 30, 2025, highlighting strong strategic execution, favorable market conditions, and improved operational efficiency. The company reaffirmed its full-year revenue guidance and upgraded its operating profit margin forecast to approximately 20%.

Weir achieved key strategic milestones during the period, including the completion of its acquisition of Micromine, a move that accelerates its digital transformation and strengthens its position in mining technology. The acquisition of Townley expanded Weir’s presence in the U.S. phosphate market and enhanced its foundry capabilities. The company also invested in CiDRA’s P29 separation technology, complementing its partnership with Eriez and reinforcing its commitment to sustainable mining solutions.

Financially, Weir reported an 8% increase in orders, reaching £1.304 billion, driven by strong aftermarket demand and a major order in Talabre, Chile. Revenue rose to £1.195 billion, reflecting a 4% increase on a constant currency basis. Adjusted operating profit climbed 17% to £237 million, with margins improving to 19.8%. Adjusted earnings per share grew to 58.7p, and the dividend per share was increased to 19.6p.

Although statutory profit after tax dipped slightly to £113 million, the company maintained strong free operating cash conversion at 62%, consistent with seasonal trends and exceptional performance in the previous fiscal year.

Operationally, Weir’s Performance Excellence programme delivered £11 million in incremental savings during the first half, contributing to cumulative savings of £40 million. Efficiency gains and a favorable revenue mix toward aftermarket services helped boost margins across both the Minerals and ESCO divisions.

Looking ahead, Weir expects continued growth in sustainable mining solutions and maintains its upgraded operating profit margin guidance of around 20%. The company also anticipates free operating cash conversion between 90% and 100% for the full year.

Jon Stanton, CEO of Weir Group, stated that the company’s strong performance in the first half of the year reflects its leadership in mining technology and the strength of its business model. He emphasized Weir’s deepening customer relationships and its commitment to smart, efficient, and sustainable mining, noting that the company is well-positioned to deliver compounding growth and sector-leading margins.