Business
Interim Results, Analyst Briefing & Investor Pres
Van Elle Holdings plc reported interim results for the six months ended 31 October 2025, with revenue increasing 16% to £73.4 million, though underlying profit before tax decreased to £1.9 million from £2.2 million in the prior year period. The company experienced challenging market conditions, particularly impacting the residential sector due to Building Safety Act delays, but saw growth in Specialist Piling and Rail, and strengthened its position in energy and water sectors. The order book increased by 8% to £44.9 million, and the company remains confident in achieving full-year market expectations, with a £10 million asset lending facility in place and an interim dividend of 0.4 pence per share maintained. Disclaimer*
About this update from Van Elle Holdings Plc
[{"type":"text","content":"\n\n \nVan Elle Holdings plc\n('Van Elle', the 'Company' or the 'Group')\n \nInterim Results for the six months ended 31 October 2025\nAnalyst Briefing and Investor Presentation\n \nMarket conditions remained challenging in H1, but the Group remains in a very strong position to benefit from expected market improvements in the energy, water and residential sectors\n \nVan Elle Holdings plc, the UK's largest ground engineering contractor, announces its unaudited interim results for the six months ended 31 October 2025 (the 'Period').\n \nNote: Van Elle Canada Inc. is classified as a discontinued operation and is excluded from the Group's financial results, which are presented below as continuing operations. The prior year comparatives have been restated accordingly. As previously announced, the disposal of Van Elle Canada Inc. completed on 19 December 2025.\n \n \n\n\n\n\nAll KPI's are presented on a continuing basis\n£m\n\n\n6 months\nended\n31 October 2025\n\n\n6 months\nended\n31 October 2024\nRestated3\n\n\n\n\nRevenue\n\n\n73.4\n\n\n63.4\n\n\n\n\nUnderlying EBITDA 1\n\n\n5.7\n\n\n6.1\n\n\n\n\nUnderlying operating profit\n\n\n2.0\n\n\n2.2\n\n\n\n\nUnderlying operating profit margin\n\n\n2.8%\n\n\n3.4%\n\n\n\n\nOperating profit\n\n\n1.8\n\n\n2.0\n\n\n\n\nUnderlying profit before taxation\n\n\n1.9\n\n\n2.2\n\n\n\n\nProfit before taxation\n\n\n1.7\n\n\n2.0\n\n\n\n\nUnderlying basic earnings per share (p)\n\n\n1.4\n\n\n1.5\n\n\n\n\nBasic earnings per share (p)\n\n\n1.2\n\n\n1.4\n\n\n\n\nNet funds (excluding IFRS 16 property and vehicle lease liabilities) 2\n\n\n2.8\n\n\n3.1\n\n\n\n\nNet (debt)/ funds\n\n\n(2.1)\n\n\n(2.1)\n\n\n\n\nUnderlying return on capital employed\n\n\n10.4%\n\n\n11.4%\n\n\n\n\nInterim dividend per share (p)\n\n\n0.4\n\n\n0.4\n\n\n\n\n1 Underlying EBITDA is defined as earnings before interest, tax, depreciation and amortisation.\n2 IFRS 16 property and vehicle lease liabilities as at 31 October 2025 were £4.9m (31 October 2024: £5.1m).\n3 Results for the 6 months ended 31 October 2024 are restated as detailed in notes 8 and 10. \n \nPeriod highlights\n \n· Resilient performance delivered against a backdrop of macroeconomic uncertainty and continued market headwinds in end markets.\n· Revenue from continuing operations of £...