Half Year 2025 Grainger PLC Earnings Call Transcript

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May 15, 2025

May 15, 2025 / 08:00AM GMT
Helen Gordon - Grainger PLC - Chief Executive, Executive Director

Thank you. Good morning, everybody and welcome to Grainger's half year results.

I'm pleased to be able to tell you that we've delivered another excellent set of results as we continue to accelerate our growth. We're adding to recent years of record delivery with another strong year.

This is a resilient business in a structurally supported sector, and it's delivering growth immediately. And of course, this is a significant year for Grainger as we plan to convert to a REIT before we present the next set of results, delivering on our long-term promise to shareholders ahead of time.

So, the agenda this morning is I'll take you through the highlights. Rob will talk you through the financial results, and then I'll come back and talk about Grainger's shareholder value creation model, the market, and the drivers of growth.

Before I get to the results, I want to take a moment to remind people of just how resilient this business has been over this period of financial volatility.

And also, how we're in a

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