**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on September 25, 2025, highlighting strong progress in the first half of its financial year. Key points include
1. **Revenue Growth**Halma increased its full-year organic constant currency revenue growth guidance from upper single digits to low double digits, primarily driven by stronger-than-expected performance in the photonics segment of the Environmental & Analysis Sector.
2. **Financial Performance**Order intake remains ahead of revenue, and the Adjusted EBIT margin is expected to stay modestly <mark style="background-color:yellow">above</mark> the mid-point of its 19-23% target range.
3. **Cash Generation**Strong underlying cash generation supports strategic investments in organic growth and acquisitions, with full-year cash conversion expected to align with the 90% KPI.
4. **M&A Activity**Halma completed two acquisitions (Brownline for €150m and Nu Perspectives for £1.5m) and one disposal (AAI for £10m). It maintains a healthy acquisition pipeline.
5. **Currency Impact**Sterling’s appreciation is expected to negatively impact revenue and profit by approximately £74m and £17m, respectively, in the 2026 financial year.
6. **Half-Year Results**Scheduled for release on November 20, 2025.
Halma continues to focus on its purpose of growing a safer, cleaner, healthier future, supported by its Sustainable Growth Model and diverse market participation.