Smith & Nephew PLC has announced its new strategy called 'RISE' and set ambitious financial targets for 2028 during its Capital Markets Day on December 8, 2025. The company aims for a revenue compound annual growth rate of 6-7%, a trading profit margin of at least 19.5%, and over $1 billion in free cash flow by 2028, alongside a $200 million non-cash inventory provision for 2025 to simplify operations.