Halma reaffirms its guidance for fiscal year 2026, with strong M&A activity.

2026-03-12 10:03:50

Investing.com - Halma plc (LON:HLMA) confirmed on Thursday that the company still expects to achieve its upgraded fiscal 2026 outlook, initially announced during the first-half earnings release.

The safety equipment and sensor manufacturer reported that order volumes continue to outpace revenue and the same period last year, with further strong progress in the second half of fiscal 2026.

The company completed five acquisitions in fiscal 2026, three of which occurred in the second half, with total expenditure of £451 million at the highest consideration. This is approximately £300 million more than the acquisition spend in fiscal 2025.

M&A opportunities across the three segments remain well-stocked.

Recently, Halma acquired UK-based Altomed, a bolt-on acquisition.

For fiscal 2026, management expects organic constant currency revenue to grow by double digits, with an EBITDA margin of around 22% (excluding one-time gains from Nuvonic), and a cash conversion rate of approximately 90%.

Foreign exchange factors are expected to negatively impact revenue and EBITDA by about £63 million and £14 million, respectively.

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