MEDTRONIC LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continuc as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “On May 21, 2025, the parent company, Medtronic Plc, announced its intent to separate its global Diabetes business into a new standalone public company.”
• “After the end of the financial period ended 25 April 2025, it has been brought to the attention of the directors that the Company had received the benefit of net operating losses ("NOLs") transferred from another Group entity without payment of any monetary consideration (i.e. assets with an intrinsic value were transferred by the Group entity for which the Group entity was not compensated)... The total amount expected to be paid by the Company is £7,720k.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +6.4%

  £648,549,000 → £689,964,000

• Cash

  -16.1%

  £78,194,000 → £65,629,000

• Net assets

  -4.1%

  £131,462,000 → £126,071,000

• Employees

  +2%

  978 → 998

• Operating profit

  +9.4%

  £21,926,000 → £23,994,000

• Profit before tax

  +4.7%

  £32,298,000 → £33,810,000

• Wages

  +5.7%

  £78,267,000 → £82,703,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers