Kier Staff effects for the six months ended 31st December 2025 display benefit sooner than tax up 14% at £32.6m on earnings up 2% at £2,012m .
The board’s goal of a median internet money place used to be accomplished within the length, completing HY26 with £16.8m of internet money, in comparison to £37.6m internet debt for a similar length ultimate yr. It used to be 2013 when Kier used to be ultimate in a position to mention that.
The order ebook has additionally progressed, attaining £11.6bn, securing 94% of forecast revenues for the monetary yr
Kier has demonstrated sturdy money technology over a number of years, facilitating an preliminary percentage buyback of £20m, which finished in December 2025. Reflecting self belief on this sturdy money go with the flow profile, the board has now authorized a next percentage buyback of £25m, which is predicted to finish inside of twelve months.
Earnings from the Infrastructure Services and products department used to be up 5% within the half-year length to £1,083m, with working benefit up 9% to £37.8m. The Development department noticed a 1% dip in earnings to £920m and a 12% fall in working benefit at £25.6m.
Kier Belongings generated earnings of £24.9m (2025 H1: £13.1m) and an working benefit of £2.1m (2025 H1: £0.9m).
Leader govt Stuart Togwell, who took over from Andrew Davies in November 2025, mentioned: “We’ve delivered a robust first half of, with excellent expansion in each earnings and earnings, attaining a median internet money place for the primary time in 13 years, a vital milestone for the gang. Those effects replicate the energy of our buyer relationships, the standard of our groups and our operational excellence. Underpinned through our tough money technology, we’re happy to announce an building up for the time being dividend, consistent with profits, and an extra £25m percentage buyback programme.
“Our order ebook has grown to a report £11.6bn and now we have observed this momentum proceed into the second one half of with a lot of appointments to frameworks in key sectors of well being, training, water and roads, with additional transparent alternatives forward in power and defence. This underpins the arrogance now we have in our talent to form the way forward for infrastructure, supporting the supply of the United Kingdom govt’s 10-year pipeline of funding.
“Around the staff, there’s actual power and optimism supported through the new steps now we have taken to optimise our construction and management capacity, to maximize the alternatives forward and make sure we’re poised for additional sustainable expansion.
“Following our sturdy first half of efficiency, the gang continues to business smartly with complete yr efficiency forecast to be consistent with the board’s expectancies. With a rising, prime quality order ebook, professional venture supply, tough money technology and disciplined use of capital, we stay assured in riding additional returns for our stakeholders.”
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