Judges Scientific H1 2026 Profit Drops Amid Revenue Decline

Judges Scientific Plc reported a sharp decline in first-half 2026 profit, with revenue slipping 21% year-over-year to £55.7 million, though orders improved from a steep downturn in the first quarter. Adjusted earnings per share (EPS) fell 72% to £0.389, while adjusted operating profit dropped by about two-thirds compared to the same period in 2025. The company’s gross profit margin remained robust at 68.3%, but operating cash flow stood at £4.3 million, with a cash conversion rate of 90%. Despite these challenges, Judges Scientific announced an interim dividend of 36 pence per share—a 10% increase year-over-year—with a dividend yield of 3.0% at the current share price and coverage of 1.1x.