• Double-digit earnings growth and significant EBIT margin expansion
• On track to offset higher US tariffs
• Maintaining FY26 Adjusted EPS guidance range of US137¢ to US149¢

Ansell Limited (ASX:ANN), a global leader in personal protection safety solutions, has announced its financial results for the half year ended 31 December 2025. Key highlights include double-digit earnings growth and significant EBIT margin expansion in subdued market conditions, being on track to offset the effects of higher US tariffs, and maintaining the guidance range for FY26 Adjusted EPS of US137¢ to US149¢. Sales for the period were $1,026.6m, representing a decline of 0.6% on an organic constant currency-basis, improving to growth of 2.1% on an adjusted-basis after excluding temporary order pattern favorability in the prior period. EBIT grew 15.4% on an organic constant currency-basis and 15.3% on a reported-basis, with EBIT margin increasing by 180 basis points to 14.3%. Adjusted EPS was US66.3¢, excluding Significant Items. Operating Cash Flow was $91.9m, with Cash Conversion of 112%, funding a $47m share buyback and supporting a reduction in Net Debt/EBITDA to 1.5x. An interim dividend of US26.60¢ per share has been declared, with a 40% payout ratio. The company's balance sheet remains strong, and the on-market share buyback program will continue in the second half of FY26.

Maintaining guidance range for FY26 Adjusted EPS of US137¢ to US149¢. Other key FY26 assumptions include foreign exchange unfavourable to EBIT by ~$5m, net interest cost of ~$43m, book tax rate of 23.5% to 24.5%, one-off pre-tax costs (Significant Items) of ~$15m, and capex of $60m to $70m.

Anticipate organic constant currency sales growth in FY26 H2, with earnings momentum in FY26 H1 expected to be sustained in FY26 H2, supported by higher sales, improved manufacturing and supply chain productivity, and increased KBU net cost synergies.