Melrose Industries PLC experienced a significant 14% drop in its share price, making it the worst performer on the FTSE 100, despite reporting a strong financial performance for 2025.
The company swung to a pretax profit of GBP468 million from a loss, with adjusted diluted earnings per share rising to 32.1p, exceeding consensus. Revenue also saw an increase to GBP3.59 billion.
However, the market reacted negatively to the company's guidance for 2026, which projects an adjusted operating profit between GBP700 million and GBP750 million. Analysts at UBS noted this profit outlook was slightly below consensus expectations.
Despite the share price slump, Melrose announced a new share buyback program of GBP175 million and a 20% increase in its final dividend.
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