Weir profit rises 4% to £447m as revenue tops £2.5bn

Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said its 2025 revenue from continuing operations rose 6% to £2.565 billion and orders rose 7% to £2.598 billion.

Adjusted profit before tax rose 4% to £447 million and dividend per share rose 4% to 41.7p.

Weir’s net debt rose to £1.274 billion from £535 million.

Weir has 12,000 employees operating in over 50 countries.

Weir Group CEO Jon Stanton said: “In 2025 we made significant strategic progress in advancing our growth strategy with meaningful investments in digital, geographic expansion and product extensions.

“Together with several new product launches, we have considerably expanded our addressable market of mission critical solutions.

“We executed strongly throughout the year, particularly in the fourth quarter, with flawless execution of our OE orderbook. Our Performance Excellence programme continues to run ahead of plan, and combined with high quality software margins, delivered a significant increase in profit for the year.

“Looking ahead to 2026, I am encouraged by the strength of our business. Our market‑leading hardware portfolio and growing suite of software solutions position us to benefit from the long‑term structural tailwinds across the mining industry.

“We expect to deliver another year of revenue growth and margin expansion, supported by full year contributions from our recent acquisitions as well as a final £30m of Performance Excellence savings, bringing the total cumulative benefits of the programme to £90m.”