**Summary**
Oxford Instruments PLC released a half-year trading update for the six months ended 30 September 2025, highlighting contrasting performance across its two divisions: Imaging and Analysis (I&A) and Advanced Technologies (AT). The company experienced market turbulence due to tariffs and global economic uncertainty, which disproportionately affected the I&A division, leading to a 6% decline in order intake for H1. In contrast, the AT division saw strong growth, driven by the compound semiconductor market and expansion into volume manufacturing customers, with a 25% increase in H1 orders.
At the Group level, first-half order intake was up 1% on an organic constant currency (OCC) basis, with Q2 showing improved momentum after a 3% decline in Q1. Revenues for H1 are expected to be down 8% OCC, primarily due to the I&A divisions performance. However, the company anticipates a stronger H2, with modest revenue growth, cost savings, and margin improvement initiatives.
Key highlights include
I&A division faced challenges due to tariff disruptions and delayed purchases, but business improvement actions in Belfast are expected to boost margins in H2.
AT division continued its strong momentum, particularly in compound semiconductors, with a full order book for H2.
The sale of the NanoScience business is on track for completion in Q3.
Full-year revenue, adjusted operating profit (AOP), and AOP margin are expected to be similar to the prior year on an OCC basis.
CEO Richard Tyson expressed confidence in the companys ability to navigate the dynamic global trading landscape and deliver progress in H2, driven by strategic actions and team agility. Interim results will be announced on 11 November 2025.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt, the table focuses on key financial metrics such as revenue, adjusted operating profit, and margins for both divisions and the group.
### Notes:
1. **OCC**: Organic Constant Currency.
2. **H1 2025**: Actual figures provided for the first half of 2025.
3. **H2 2025 (Forecast)**: Forecasts for the second half of 2025.
4. **Full Year 2025 (Forecast)**: Full-year forecasts based on the provided guidance.
5. **Debt**: Not explicitly mentioned in the text, so it is not included in the table. This table provides a clear comparison of key financial metrics for Oxford Instruments PLC across divisions and the group for H1 2025, H2 2025, and the full year 2025.