Business
Half-year Report
Half-year Report.
About this update from Renew Holdings Plc
[{"type":"text","content":"\n\n13 May 2025\n \nRenew Holdings plc\n \n(\"Renew\" or the \"Group\" or the \"Company\")\n \nHalf-year Report\n \nStrategic progress delivered and first half performance in line with expectations positioning the Group well for future growth\n \nRenew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, announces its interim results for the six months ended 31 March 2025 (\"the period\").\n \nFinancial Highlights\n \n\n\n\n\nSix months ended 31 March 2025\n\n\nHY25\n \n\n\nHY24\n(Restated)\n \n\n\nChange\n \n\n\n\n\nGroup revenue\n\n\n£569.3m\n\n\n£505.4m\n\n\n+13.0%\n\n\n\n\nAdjusted operating profit\n\n\n£32.0m\n\n\n£32.3m\n\n\n-1.0%\n\n\n\n\nOperating profit\n\n\n£33.6m\n\n\n£29.7m\n\n\n+13.0%\n\n\n\n\nAdjusted operating margin\n\n\n5.6%\n\n\n6.4%\n\n\n-0.8%\n\n\n\n\nProfit before tax\n\n\n£31.0m\n\n\n£29.5m\n\n\n+5.0%\n\n\n\n\nAdjusted earnings per share\n\n\n28.2p\n\n\n30.5p\n\n\n-7.6%\n\n\n\n\nInterim dividend\n\n\n6.7p\n\n\n6.3p\n\n\n+5.4%\n\n\n\n\n \n\n\n\n\n· \n\n\nGroup revenue increased 13% to £569.3m driven by our diversified end market exposure and the consistent demand for our mission-critical services.\n\n\n\n\n· \n\n\nAs guided in our Trading Update on 24 January 2025, adjusted operating profit remained flat during the first half of the year due to the delay and deferment within certain Rail programmes. \n\n\n\n\n· \n\n\nPre-IFRS16 net debt position of £11.8m as at 31 March 2025 (HY24 net cash: £42.5m), following the acquisition of Full Circle in October 2024.\n\n\n\n\n· \n\n\nGroup order book development continues at record levels to £908m (HY24: £831m).\n\n\n\n\n· \n\n\nIncreased interim dividend reflects management's confidence in the Group's trading performance, cash generation and forward order book visibility.\n\n\n\n\n \nOperational Highlights\n\n\n\n\n· \n\n\nExited Specialist Building in October 2024; now a pureplay engineering business. \n\n\n\n\n· \n\n\nAcquisition of Full Circle in October 2024, with integration progressing well, significantly strengthening Renew's...