Accelerating
breakthroughs 

Annual Report 2025

Oxford Instruments Annual Report 2025

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2025 adjusted financial highlights*

Revenue
£500.6m
+6.5% at organic constant currency
Adjusted operating profit
£82.2m
+10.8% at organic constant currency
Adjusted organic constant currency margin
17.8%
+70 basis points
Adjusted earnings per share
112.4p
+3.1%

*Adjusted items exclude the amortisation and impairment of acquired intangible assets, acquisition items, business reorganisation costs, other significant non-recurring items, and the mark-to-market movement of financial derivatives.

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At a glance

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Reasons to invest

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Our business model

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Our strategy

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Chair’s statement

Strategic actions beginning to unlock the full potential of Oxford Instruments

Our Chair, Neil Carson reports on an
excellent year for Oxford Instruments,
with strong financial results and
significant early progress on the
delivery of our strategy.

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Chief Executive Officer’s review

Excellent performance with
significant progress

on strategic priorities

Our CEO, Richard Tyson explains how the
actions we have taken to simplify the
Group, improve commercial execution
and realign our regional presence, have
resulted in a stronger performance

Read the CEO's review

Operating divisions

Imaging & Analysis

The Imaging & Analysis division develops and manufactures microscopes, scientific cameras, analytical instruments and software, with manufacturing bases in the UK (High Wycombe and Belfast), Europe (Aix-en-Provence, Ulm and Zurich) and the USA (Santa Barbara).

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Advanced Technologies

The Advanced Technologies division develops and manufactures compound semiconductor fabrication capital equipment (Severn Beach, UK), cryogenic and superconducting magnet technology (Oxford, UK), and X-ray tubes (Scotts Valley, USA).

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Our strategy in action

Successfully growing
our Raman business

Our Raman spectroscopy products are finding new markets and delivering strong growth as WITec, acquired in 2021, integrates more fully into Oxford Instruments

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Ramping up to meet
growing demand

Our brand new state-of-the-art compound semiconductor facility outside Bristol enables a growing number of customers all over the world to develop, produce and test next-generation capabilities in technology.

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