Adjusted EPS rose 5.4% to 253.5p, beating the 249.6p consensus estimate, as margin expansion of 90 basis points to 18.1% offset slightly weaker organic revenue growth of 3.9% against a 4.4% forecast. Consumer Products division delivered strong performance with margins expanding 250 bps to 30.4%, leading to an upgraded outlook. However, Corporate Assurance and World of Energy underperformed, with World of Energy reporting a 1.3% organic revenue decline. Free cash flow fell 14% year-on-year due to lower operating cash, higher costs, and capex, though the full-year dividend increased 5.4% to 165p. Intertek now targets mid-single digit 2026 revenue growth and continuous margin progression, with consensus already forecasting 18.6% margins by 2028.