Rentokil Initial plc (RTO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the RentalKill 4 Year Results 2025. My name is Carla and I will be coordinating your poll today. During the presentation, you can register to ask questions by pressing star followed by 1 on your telephone keypad. If you change your mind, please press star followed by 2. I will now hand you over to your host, Andy Ransom, Chief Executive, to begin. Please go ahead when you're ready. Good morning everyone and welcome to our full year results presentation for 2025. After my opening remarks, Paul will provide a review of our financial performance. I will then focus on the execution of our plan in North America, as well as providing a brief update on our international region, our categories and our adoption of AI. We'll then open the floor for your questions and, as usual, details of how to ask a question can be found on the web portal. 2025 has been a year of encouraging progress, with group revenues increasing by 3.8% and with organic revenue growth of 2.6%. Our H2 performance was particularly encouraging with group revenues increasing by 4.5% and with organic revenue growth being 3.5%. My main focus for today, however, will be on North America, looking at our performance in 2025 and how we're building on that platform in 2026. This time last year, we set out our plan for growth in North America and it has been a year of encouraging progress with our performance, particularly in the second half, improving significantly. Whilst we're not there yet where we want to be, organic growth reached 2.6% in the fourth quarter. This was underpinned by strong execution, rolling out our new marketing plan, investing in our regional brands opening 150 small local branches through our satellite program and delivering $25 million of in-year cost savings through our...