Oxford Instruments (OXIG.L) on Tuesday reported higher annual profit for the year ended March 31, 2026, despite lower revenue, benefiting from the absence of goodwill impairment charge recorded in the previous year.
Profit before tax increased to £58.5 million from £38.2 million a year earlier, reflecting the absence of the £26 million goodwill impairment charge reported in the prior year.
Excluding one-time items, adjusted profit before tax fell to £75 million from £80.7 million a year earlier.
Operating profit rose to £58 million from £37.6 million in the previous year.
Adjusted operating profit decreased to £73.7 million from £79.5 million in the previous year.
Profit from continuing operations increased to £44.5 million or 77.3p per share from £25.2 million or 42.9p per share a year earlier.
Adjusted profit from continuing operations declined to £57.4 million or 99.7p per share from £63.3 million or 107.8p per share a year earlier.
Profit attributable to equity shareholders of the parent increased to £48.2 million or 83.7p per share from £26.0 million or 44.3p per share a year earlier.
Adjusted profit dropped to £54.3 million or 94.3p per share from £65.2 million or 111.1p per share last year.
Revenue fell to £423.2 million from £443.4 million in the prior year.
The company proposed a final dividend of 8.2p per share, to be paid on August 18, 2026, to shareholders of record on July 10.
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