Melrose Industries PLC

MRO: XLON (GBR)

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Melrose Earnings: Strong Results but Shares Down on Revenue Growth Phasing; Long-Term Case Intact

Loredana Muharremi

Feb 27, 2026

Amid strong 2025 results, Melrose guided for a softer near‑term growth path. In 2025, revenue grew 8% like-for-like, driven by midteens growth in engines. Margins grew 240 basis points to 18%, and free cash flow turned positive above GBP 100 million, a key inflection after years of restructuring.

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Melrose Industries PLC

Melrose Earnings: Strong Results but Shares Down on Revenue Growth Phasing; Long-Term Case Intact

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