Techtronic Industries Company Limited (TTI, stock code: 669) released its audited consolidated results for the year ended December 31, 2025. The announcement shows revenue rising 4.4% year on year to US$15.26 billion, while net profit grew 6.8% to US$1.20 billion.

Driven by strong performances in its two core brands, MILWAUKEE and RYOBI, TTI’s overall sales maintained an upward trajectory. MILWAUKEE recorded 8.1% reported growth (7.9% in local currency), including gains in major markets such as North America and Europe, while RYOBI delivered a 5.4% increase in local currency. The exit from the HART business and a weaker Floorcare & Cleaning segment partially offset these gains: Floorcare & Cleaning sales declined 9.7%.

Profit margins rose, with reported EBIT at US$1.34 billion (up 5.2%). EBIT margin stabilized at 8.8%, supported by productivity initiatives and favorable product mix. Gross margin advanced 91 basis points to 41.2%. The company ended 2025 with US$1.40 billion in free cash flow and a net cash position of US$700 million.

Regionally, TTI posted 3.5% sales growth in local currency for North America, 9.0% for Europe, and a 0.3% decrease in other regions. Working capital stood at 15.5% of sales, with inventory days at 106 days.

The board proposes a final dividend of HK132.00 cents (approximately US16.99 cents) per share. Together with the interim dividend paid, the total dividend per share for 2025 stands at 33.08 US cents, a 13.7% increase over the prior year. A share buyback program of up to US$500 million over the next 18 months was also announced.

Looking ahead, the announcement states that TTI expects continued growth in its MILWAUKEE and RYOBI lines, alongside further margin optimization and consistent free cash flow generation, supported by its diversified production footprint and stable capital expenditure.