Porvair records higher revenue of about $140.5M with strong aluminium sector demand

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UK filtration technology company Porvair reported record first-half revenue of GBR 106.20 million (USD 140.5 million), up 9 per cent from the same period last year. The company's Metal Melt Quality division recorded strong growth, supported by demand from the aluminium and superalloy markets. Adjusted basic earnings per share increased 11 per cent year on year.

The Metal Melt Quality division also benefited from the Drache acquisition. In addition to aluminium and superalloys, demand from the aerospace, nuclear, and life sciences sectors contributed to the division's growth.

During the first half, adjusted operating profit reached GBR 13.80 million (USD 18.3 million), while adjusted pretax profit stood at GBR 13.20 million (17.5 million). Reported operating profit was GBR 12.70 million (USD 16.8 million), and pretax profit totalled GBR 12 million (USD 16 million).

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Porvair's Aerospace & Industrial division recorded lower revenue as the petrochemical market remained weak. However, stronger demand from the aerospace and nuclear sectors partly offset the decline.

The company said operating margins improved because of operational improvements and higher volumes in some end markets. These gains helped offset the impact of weaker petrochemical activity and the effect of recent acquisitions on margins.

Porvair has kept its full-year 2026 guidance unchanged, excluding part-year contributions from its recent acquisitions, GV and Carekem. The company expects petrochemical market conditions to remain subdued for the rest of 2026. It also expects the recent acquisitions to contribute to earnings and margins during the current financial year.