Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said that for continuing operations, its orders rose 8% to £1.304 billion in the first half of the year.
In its results for the six months ended June 30, 2025, Weir said that for continuing operations, revenue rose 4% to £1.195 billion on a constant currency basis and statutory profit before tax was unchanged at £165 million.
First half dividend per share rose 9% to 19.6p.
Weir has 12,000 employees in over 50 countries with a presence in every major mining region of the world.
In its outlook, Weir’s constant currency revenue guidance was reiterated, and margin was upgraded to 20%.
“Activity levels in our mining markets are positive as customers look to invest in projects that address structural critical metal demand,” said Weir.
“Supported by favourable commodity prices, customers continue to prioritise maximising ore production and improving the efficiency of existing mine sites which, together with ongoing installed base expansion, provides a strong underpin for demand for our aftermarket solutions …
“Further out, the long-term value creation opportunity for Weir is compelling. The fundamentals for our business are highly attractive, underpinned by long-term structural growth trends in our mining markets, and our technology strategy to accelerate sustainable mining.”
Weir Group CEO Jon Stanton said: “Our strong performance in the first half of this year demonstrates our leadership in mining technology and the unique capabilities of our business model.
“We have made significant strategic progress, strengthening our position in digital solutions with the purchase of Micromine, and enhancing our presence in North America with our agreement to acquire Townley.
“Mining markets are strong, particularly copper and gold, and customers are choosing Weir to provide the novel, mission critical solutions they need to scale up and clean up their operations.
“Our businesses are focused, and with a continuous improvement mindset, driving excellent operational execution and mitigating any impacts of US tariffs.
“As we look to the full year, I am excited by the opportunities that lie ahead to support the urgent need for the minerals essential for a sustainable future.
“We are deepening relationships with our customers and bringing the full breadth of Weir’s capabilities to accelerate the path for smart, efficient and sustainable mining.
“Our Performance Excellence programme continues at pace, underpinning delivery of sector-leading margins and cash.
“Taken together, we are on track to deliver our full year guidance for growth in revenue, upgrade our operating profit margin to c.20%, all while maintaining strong cash conversion.”