Diploma Plc (DPLM.L) on Tuesday said it raised fiscal 2026 guidance after reporting higher profit for the first half, helped by revenue growth and acquisitions.
On the LSE, shares of Diploma were gaining 4.23 percent, changing hands at 6,905.00 pence.
Johnny Thomson, Diploma's Chief Executive said, "The second half has started well and, despite the uncertain environment, we're confident in our upgraded full year guidance."
In the six months ended March 31, profit before tax rose 14 percent to 139.4 million pounds from 122.3 million pounds last year
Basic earnings per share were 74.7 pence, versus 71.5 pence in the previous year.
Adjusted pre-tax profit advanced to 195.9 million pounds from 142.8 million pounds a year earlier.
Adjusted earnings per share rose 36 percent to 109.2 pence from 80.2 pence last year.
Operating profit was 165.1 million pounds, compared to 139.4 million pounds in the prior year.
On an adjusted basis, operating profit increased 33 percent to 208.9 million pounds from 156.9 million pounds a year earlier. Adjusted operating margin improved 300 basis points year-over-year to 24.5 percent.
Revenue was 851.1 million pounds, an increase of 17 percent from 728.5 million pounds a year ago.
Organic revenue growth was 15 percent compared with 9 percent growth a year before, building on a five-year average of 10 percent.
Looking ahead for fiscal 2026, the technical products and services distributor said it now expects organic revenue growth of 12 percent, up from previously expected 9 percent, at constant currency.
Acquisitions announced to date will add 6 percent to reported growth, up from 3 percent expected earlier.
Meanwhile, the firm kept its operating margin target at about 25 percent.
Operating profit growth is expected to exceed 30 percent for the full year, representing a 6 percent upgrade to consensus.
Further, the company announced interim dividend of 19.1 pence per share, up 5 percent from 18.2 pence a year earlier. It will be paid on June 12 to shareholders on the register on May 29.
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