James Fisher and Sons (LON:FSJ) Announces Earnings Results

James Fisher and Sons (LON:FSJ) issued its earnings results on Thursday. The company reported GBX 20.20 EPS for the quarter, Digital Look Earnings reports. James Fisher and Sons had a return on equity of 23.85% and a net margin of 10.95%.

Here are the key takeaways from James Fisher and Sons’ conference call:

• James Fisher called 2025 a turning point, delivering 4% like‑for‑like revenue growth, underlying operating margin of 7.6%, operating profit of £28.6m (up ~56%), ROCE of 8.6%, and net debt reduced to £54m (covenant leverage 1.3x).
• The Defense division has a strengthened order book of £317m (plus ~£50m under frameworks) after material wins, but revenue conversion is phased (1–3 years) and its margin (6.2%) currently lags the group target.
• Energy delivered a solid year—revenue ~£141m and operating profit up ~23% with decommissioning returned to profit—though some offshore wind aftermarket areas (cable/blade repairs) remain below hurdle rates.
• Maritime Transport showed stronger utilization (Tankships revenue +7.5%, ~80% fleet on long‑term contract), FenderCare recovered in H2, and group initiatives delivered £4.6m of supply‑chain savings alongside planned fleet modernization (four new tankers 2026–27).
• Management added £25m of RCF headroom (total facilities £117.5m), reduced finance costs, committed ~£25m capex and increased R&D, and reiterated medium‑term targets of 10% UOP margin and 15% ROCE (potentially 1–2 years), while flagging the Middle East conflict as a short‑term uncertainty.

James Fisher and Sons Trading Up 2.4%

Shares of LON:FSJ traded up GBX 12 during midday trading on Thursday, hitting GBX 516. 120,607 shares of the stock were exchanged, compared to its average volume of 64,354. The business’s 50-day moving average price is GBX 437.44 and its 200 day moving average price is GBX 395.86. James Fisher and Sons has a 12 month low of GBX 285 and a 12 month high of GBX 534. The company has a debt-to-equity ratio of 109.73, a quick ratio of 1.12 and a current ratio of 1.23. The stock has a market capitalization of £260.40 million, a price-to-earnings ratio of 5.96 and a beta of 0.72.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 615 price target on shares of James Fisher and Sons in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 572.50.

About James Fisher and Sons

James Fisher and Sons plc is a leading provider of unique marine solutions in Energy, Defence and Maritime Transport. The Group pioneers safe, innovative solutions that solve complex customer challenges for industries and governments around the world.

For more information visit www.james-fisher.com