LSE:SN. 1 December 2025 - 2 December 2025

London – 2 December 2025 – Smith & Nephew plc heads into the final weeks of 2025 as a classic “turnaround in progress” story: margins are rising, cash generation is strong and a $500 million buyback has been completed, yet the shares are still digesting a sharp sell‑off after a softer‑than‑hoped third quarter.Smith & Nephew+2TipRanks+2

LONDON — December 1, 2025 — Smith & Nephew plc heads into the final month of 2025 with its turnaround story largely on track, but investor sentiment still split between cautious “hold” and selective “strong buy”.