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James Fisher & Sons PLC on Tuesday hailed a ‘solid first half performance’, as it reported weaker revenue but with growth in interim earnings. The Barrow-in-Furness, England-based marine services company reported pretax profit of £1.4 million for the six months that ended June 30, multiplied from £200,000 a year earlier. Revenue, however, fell 13% to £191.9 million from £221.5 million, as its Maritime Transport division recorded an 8.4% decline to £68.5 million, and its Energy division fell 1.8% to £85.8 million. By contrast, revenue in the Defence division grew 3.0% to £37.6 million. The improved earnings amid the weaker top line can be attributed to a mix of lower finance expenses and net unrealised foreign exchange gains. Finance expenses fell 42% to £8.1 million from £14.0 million, with James Fisher & Sons reporting a net unrealised foreign exchange gain of £3.3 million, up from nothing a year earlier. Shares in James Fisher & Sons were down 0.8% at 327.50 pence on Tuesday morning in London. On the new financial year, the company said trading to the end of August has mirrored management’s expectations, with the outlook for the full-year unchanged, ‘notwithstanding growing short-term macro-economic uncertainty in the energy market.’ Chief Executive Jean Vernet said: ‘We have delivered a solid first half performance in 2025, with further structural improvements moving us closer to our financial targets and selective investment unlocking the next chapter of growth aligned to our strategic priorities. ‘The second half of this year will see continued focus on our turnaround priorities, building on what we have achieved so far, while positioning the Group for growth...With performance weighted to the second half, trading is in line with management expectations and the outlook for full year remains unchanged.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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