(Alliance News) - Linde PLC on Friday said its sale-and-gas project backlog "will ensure attractive growth for years to come", as it reported improved earnings amid a "muted industrial economy".

The Dublin-based industrial gases and engineering company said net income rose 6.2% to USD1.77 billion in the second quarter that ended June 30 from USD1.66 billion a year prior.

Diluted earnings per share increased to USD3.73 from USD3.44.

Driving the improved earnings was a 2.8% advance in sales to USD8.50 billion from USD8.27 billion, with Chief Executive Sanjiv Lamba saying Linde "demonstrated strong resiliency as our employees delivered high-quality results against a muted industrial economy".

Linde said it continues to secure future, contractual growth owing to the addition of several wins to its project backlog. Its existing USD7.1 billion sale-of-gas backlog "will ensure attractive growth for years to come".

For the half-year as a whole, net income edged 4.5% higher to USD3.44 billion from USD3.29 billion, bolstered by a revenue rise of 1.5% to USD16.61 billion from USD16.37 billion. Diluted EPS improved to USD7.24 from USD6.79.

Shares in Linde were up 1.2% at USD465.96 in pre-market dealings in New York on Friday.

Looking to the rest of the year, CEO Lambda said: "For the second half of 2025, we maintain a more measured view of the underlying macro trends. But regardless of this economic outlook, we will continue to generate long-term shareholder value."

Linde is targeting adjusted diluted EPS for the full financial year in the range of USD16.30 to USD16.50, up 5% to 6% on the prior financial year. Additionally, it expects capital expenditures in the range of USD5.0 billion to USD5.5 billion, up from USD4.5 billion and "to support growth and maintenance requirements."

By Christopher Ward, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.