Porvair

PRV · Main Market · Industrial Goods and Services · mcap £408m · 896.0p

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Financials · LTM to 31 May 26

Source: results 29 Jun 26 ↗

Revenue: £202m
Operating profit: £25.2m
Net income: £18.7m
Free cash flow: £10.8m
Net cash: £9.3m
Market cap: £418m
EV / EBIT: 16.3×
FCF yield: +2.6%
Price / book: 2.4×

Latest half-year · H1 May 26 vs H1 May 25 results 29 Jun 26 ↗

Revenue: £106m
Operating profit: £12.7m
Net income: £9.3m
Cash from operations: £7.7m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 May 26 (six months to 31 May 26), published 29 Jun 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM May 26	FY Nov 25	FY Nov 24
Revenue	202.5	194.0	192.6
Gross profit	72.1	68.7	65.1
Adjusted EBITDA	34.5	32.8	30.5
Adjusted operating profit	27.5	26.2	24.5
Operating profit	25.2	24.5	22.8
Depreciation (owned assets)	4.2	3.8	3.6
Depreciation (right-of-use)	2.7	2.6	2.2
Finance costs	(1.3)	(1.3)	(1.9)
Profit before tax	24.0	23.3	20.9
Tax	(5.4)	(5.1)	(4.3)
Net income (owners)	18.7	18.1	16.5
EPS basic	40.5p	39.3p	35.8p
EPS diluted	40.4p	39.3p	35.8p
Dividend per share	–	6.7p	6.3p

	H1 May 26	vs H1 May 25	H2 Nov 25	H1 May 25
Revenue	106.2	+9%	96.3	97.7
Gross profit	38.1	+10%	33.9	34.7
Adjusted EBITDA	17.4	+11%	17.1	15.7
Adjusted operating profit	13.8	+10%	13.7	12.6
Operating profit	12.7	+6%	12.5	11.9
Depreciation (owned assets)	2.2	+26%	2.0	1.7
Depreciation (right-of-use)	1.4	+6%	1.3	1.3
Share-based payments	0.4	+18%	–	0.4
Finance costs	(0.7)	+8%	(0.6)	(0.6)
Profit before tax	12.0	+6%	12.0	11.3
Tax	(2.7)	+10%	(2.6)	(2.5)
Net income (owners)	9.3	+6%	9.4	8.8
EPS basic	20.2p	–	20.3p	19.0p
EPS diluted	20.1p	–	20.3p	19.0p

	LTM May 26	FY Nov 25	FY Nov 24
Cash from operations	23.6	23.8	21.5
Interest paid	(0.3)	(0.3)	(0.7)
Tax paid	(4.8)	(5.1)	(3.5)
Capex (PP&E)	(9.1)	(7.5)	(4.8)
Capex (intangibles)	(0.3)	(0.2)	(0.3)
Lease principal paid	(3.3)	(3.2)	(3.5)
Dividends paid	–	(3.0)	(2.8)
Share buybacks	(0.9)	(0.9)	(0.7)
Shares issued	0.0	0.0	0.6

	H1 May 26	vs H1 May 25	H2 Nov 25	H1 May 25
Cash from operations	7.7	−3%	15.9	7.9
Interest paid	(0.2)	+33%	(0.1)	(0.2)
Tax paid	(1.8)	−13%	(3.0)	(2.1)
Capex (PP&E)	(3.9)	+72%	(5.3)	(2.2)
Capex (intangibles)	(0.1)	n/m	(0.2)	(0.0)
Lease principal paid	(1.7)	+4%	(1.6)	(1.6)
Dividends paid	(2.1)	–	–	–
Share buybacks	(0.5)	+10%	(0.5)	(0.4)
Shares issued	0.0	n/m	0.0	0.0

	Latest May 26	FY Nov 25	FY Nov 24
Property, plant & equipment	38.2	32.6	29.3
Inventories	37.7	33.0	32.0
Trade receivables	37.8	33.7	31.7
Cash	17.6	22.9	15.8
Current assets	93.1	89.5	79.5
Trade payables	31.2	29.5	27.4
Borrowings, current	8.3	0.0	–
Lease liabilities, current	2.7	2.4	2.5
Current liabilities	48.0	35.2	36.9
Lease liabilities, non-current	12.0	12.0	15.0
Pension surplus / (deficit)	(1.1)	(3.3)	(5.9)
Non-controlling interests	0.1	0.1	0.1
Total equity	173.5	167.7	153.3
Net cash / (debt) ex leases	7.1	–	–
Net cash / (debt) incl. leases	(7.5)	8.4	(3.7)

	H1 May 26	H2 Nov 25	H1 May 25	H2 Nov 24
Property, plant & equipment	38.2	32.6	29.0	29.3
Inventories	37.7	33.0	30.2	32.0
Trade receivables	37.8	33.7	32.2	31.7
Cash	17.6	22.9	18.8	15.8
Current assets	93.1	89.5	81.5	79.5
Trade payables	31.2	29.5	25.7	27.4
Borrowings, current	8.3	0.0	0.0	–
Lease liabilities, current	2.7	2.4	2.2	2.5
Current liabilities	48.0	35.2	34.8	36.9
Lease liabilities, non-current	12.0	12.0	12.1	15.0
Pension surplus / (deficit)	(1.1)	(3.3)	(3.4)	(5.9)
Non-controlling interests	0.1	0.1	0.2	0.1
Total equity	173.5	167.7	156.4	153.3
Net cash / (debt) ex leases	7.1	–	17.1	–
Net cash / (debt) incl. leases	(7.5)	8.4	2.8	(3.7)

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.