World’s Largest Heat Treater Announces Financial Results

“Bodycote”, the world’s largest commercial heat treater released their 2025 Full Year Results, March 11, 2026-the report can be found at “Bodycote plc-2025 Full Year Results”. 
 
For those looking for the abbreviated report, “Mr. AI” has this to say; 
 
“Bodycote’s 2025 results showed a mixed performance with total revenue declining 4% to £727.1m, though core organic revenue was relatively stable. The company experienced a second-half recovery (3.2% growth), driven by strong aerospace demand. Adjusted operating profit dropped 11.4% to £114.3m.
 
Key 2025 financial results:
 
  • Revenue: £727.1m (down 4.0% year-over-year).
  • Core Revenue: £671.6m (down 0.3% organically).
  • Adjusted Operating Profit: £114.3m (down 11.4%).
  • Statutory Operating Profit: £83.6m (up from £37.9m in 2024).
  • Adjusted Earnings per Share (EPS): 44.4p (down 8.6%).
  • Dividend: Maintained at 23.0p per share. 
Key Takeaways:
 
Growth Segments: Aerospace & Defense and Industrial Gas Turbines showed strong demand, with Aerospace & Defense growing by 14% in H2 2025.
 
  • Weak Segments: Oil & Gas revenues fell by 40% in the Specialist Technologies division, while automotive and industrial markets remained challenging.
  • Strategic Initiatives: The “Optimise” program is underway, with a new £80 million share buyback program launched for 2026.