Operator
Good afternoon, women and gents, and welcome to the James Fisher & Sons plc Full 12 months Outcomes Investor Presentation. Questions are inspired. (Operator Directions) The corporate will not be ready to reply each query acquired through the assembly itself; nevertheless, the corporate can evaluation the questions submitted in the present day and can publish all responses the place it is acceptable to take action on the Investor Meet Firm platform. Earlier than we dive into the reside Q&A session, we’d identical to to play a recorded presentation masking the outcomes.
Jean Vernet
CEO & Director
Hey, everybody, and welcome to our 2025 full yr outcomes earnings name. Nicely, I am joined by our Chief Monetary Officer, Karen Hayzen-Smith. I’ll begin by going via the important thing highlights for the yr. Then Karen will take us via the monetary outcomes, each at group and division stage. And I’ll comply with with an replace on our enterprise turnaround and the way the actions taken over the previous 3 years are positioning us for progress. This can be adopted by our outlook earlier than we conclude with Q&A.
So let’s begin with the highlights. 2025 was a turning level for James Fisher. It is marked a yr by which our efforts to focus, simplify and ship have proven outcomes and laid the groundwork for future progress. Over the previous 3 years, we now have each streamlined and strengthened the group, making a extra resilient enterprise and a coherent platform that may unlock our strategic potential.
In 2025, we delivered a strong monetary efficiency with a 4% uplift in like-for-like income and 60 foundation factors enchancment in underlying working margin to 7.6% as