Business
Progressive publishes new research
Watkin Jones plc has released a new research note from Progressive Equity Research highlighting a resilient financial year 2025, with adjusted profit before tax of £5.6 million, exceeding estimates of £5.0 million but down from £9.2 million in the prior year due to a challenging market. Net cash before leases decreased to £70.5 million from £83.4 million, aligning with expectations. The research forecasts a conservative 20% increase in adjusted profit before tax to £6.8 million for FY26E, with further growth anticipated in net cash. Disclaimer*
About this update from Watkin Jones Plc
[{"type":"text","content":"\n\n \nWatkin Jones\n \nNew Progressive research note\n \nProgressive Equity Research has been commissioned by Watkin Jones to produce ongoing research coverage. A new research document has been published this morning, and is freely available to UK investors. \n \nResearch note summary:\nEarnings beat estimates after 'resilient' FY25\nWatkin Jones this week delivered adjusted PBT of £5.6m for the 12 months to 30 September, ahead of our estimate of £5.0m and down from a prior-year result of £9.2m, reflecting the 'challenging backdrop over the last three years'. Net cash before leases declined from £83.4m to £70.5m, in line with our estimates. We introduce FY26E forecasts, conservatively pointing to a 20% rise in adjusted PBT to £6.8m and further growth in net cash.\n \n \n \nClick here for full analysis\n \nSubscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement. \n \n \n \nAbout Progressive:\nProgressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.\n \nwww.progressive-research.com\n \nFor further information please contact:\n +44 (0) 20 7781 5300\[email protected]\n \n\n","length":3463,"tagName":"div"}]