Rosebank declares first dividend and raises full-year guidance again

Rosebank Industries PLC on Thursday lifted guidance for the second time in six weeks as it hailed progress with recent acquisitions.

In response, shares in the London-based industrial company investor jumped 5.0% to 359.00 pence each in London on Thursday, one of the best performing stocks on the FTSE 250, which was virtually flat.

Pretax loss widened to USD52 million in the six months ended June 30 from USD42 million the year prior, with diluted loss per share of 7.2 US cents compared to 208.7c the year before.

This includes adjusting items of USD144 million related to acquisitions and disposals, restructuring spend and other non-cash items.

On an adjusted basis, operating profit totalled USD110 million, swung from a USD3 million loss, with EPS of 10.3c compared to LPS of 7.4c.

A 2.1c dividend was declared, the company's first, compared to nil the year before.

Revenue was USD733 million compared to nil the year before. This includes a full six months of ownership of ECI, together with a short period of trading from CPM and MW Components following completion of their acquisitions in May.

Chief Executive Simon Peckham said Rosebank is "delighted with the acquisitions of CPM and MW Components and along with ECI, all three of these high quality businesses have significant potential for improvement in our ownership."

For 2026, Rosebank said adjusted operating profit and adjusted earnings per share are expected to be ahead of current market expectations.

Company compiled consensus for adjusted operating profit is USD314 million for 2026 and USD468 million for 2027, it said.

Late July, Rosebank said it expected 2026 adjusted operating profit to be ahead of company compiled consensus, which at the time was put at USD294 million for 2026 and USD452 million for 2027.

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