Full year results presentation FY25

FY25 Results Presentation

March 2026

Chief Executive Officer

Chief Financial Officer

2 Nexus Infrastructure plc | FY25 results presentation March 2026

Civil engineering in infrastructure sectors critical to the UK

3 Nexus Infrastructure plc | FY25 results presentation March 2026

• Focussed on housebuilding sector

• Strong brand which has been developed over 49

  years with a loyal customer base

• Civil engineering of site enabling, earthworks, roads, drainage systems, trenching and foundations

• Recognised for its experience and capabilities in

  complex, long-term multi-phase developments

• Well positioned for the recovery of the housebuilding sector

  4 Nexus Infrastructure plc | FY25 results presentation March 2026

  
  
  ‌Coleman Construction & Utilities Limited

• Strategic acquisition providing diversification and sector expansion

• Delivering infrastructure projects for over 25 years in water, rail, highways and rivers & marine sectors

• Current operating areas - Kent / East Sussex through to Hampshire

• Water Sector - transitioning into new AMP8 five-year

  programme of activity

• Rail Sector - now involved in the CP7 delivery plan to 2029 and beyond

  5 Nexus Infrastructure plc | FY25 results presentation March 2026

  
  
  ‌FY25 Strategy and Progress

  Building and growing customer

  relationships, supported by high-quality service, competitive pricing and a longstanding focus on health and safety

  Secured several new awards on

  large multi-phase projects for the

  UK's major housing developers

  FY25

  £88.8m

  FY24

  £55.5m

  FY23

  £32.3m

  Introducing diversification to reduce the

  impact of market cycles and to access higher margin sectors

  Completed the acquisition of

  Coleman - positioned well in

  sectors including water and rail

  FY25

  31%

  
  
  Growing with our customers

  Housebuilding - New Contract Awards

6

Improving financial performance by

driving operational improvements whilst maintaining a tight control of costs

FY25

14.0%

FY24

13.5%

FY23

5.8%

FY25

£1.5m1

FY24

£1.9m

FY23

£2.4m

1 Excludes costs associated with Coleman acquisition, net of other income

Nexus Infrastructure plc | FY25 results presentation March 2026

‌Key Financials

7 Nexus Infrastructure plc | FY25 results presentation March 2026

Audited

• • Revenue increased by 16%

  • Gross margin 15.6% (FY24 13.5%)

  • Central overheads reduced by 21%

  • Operating loss before exceptionals

    reduced to -£1.1m

  • Exceptionals relate to cost of acquiring Coleman including £0.3m of deferred contingent consideration

    8 Nexus Infrastructure plc | FY25 results presentation March 2026

    ‌Balance Sheet

    Audited

    £m	FY 2025	FY 2024
    Property, plant & equipment	4.6	5.1
    Right of use assets	11.2	10.3
    Goodwill	3.6	2.4
    Receivables & contract assets	21.3	24.4
    Corporation tax asset	-	-
    Cash and cash equivalents	10.9	12.8
    Total Assets	51.6	55.0
    Trade & contract liabilities	12.1	13.8
    Lease liabilities	11.5	11.2
    Corporation tax	0.2	-
    Other payables	0.5	-
    Total Liabilities	24.3	25.0
    Net Assets	27.3	30.0

    9

• Reduction in overdue debt and retention payments due

• Cash remains strong - after the acquisition of Coleman - to support working capital during growth

• Net assets robust at £27.3m

• Dividends at 3.0p per share for the full year

  Nexus Infrastructure plc | FY25 results presentation March 2026

  ‌Review of Markets

  10 Nexus Infrastructure plc | FY25 results presentation March 2026

  ‌Housebuilding Sector
  
  

  Government Target 370,000

  Gap is significant

  Fundamentals remain strong

  • Long-term undersupply of housing

  • Government target 370,000pa

  • Sustainable increase in housebuilding

    needed

    Positives

  • Changes to planning regulations

  • Reduction in mortgage interest rates

  • Political 'pressure' may force further

    Government actions in 2026

    2001 2025

    Source: MHCLG

    11

    Nexus Infrastructure plc | FY25 results presentation March 2026

    ‌Housebuilding Sector

    Government Target 370,000

    Gap is significant

    
    
    

    Number of units Number of projects

Planning approvals

Source: Planning Portal / TerraQuest

16 Nexus Infrastructure plc | FY25 results presentation March 2026

‌Strategy in action

Vistry Group | Tovil, Kent

Type: Residential infrastructure and groundworks Value: c£17m

Duration: 4 years

• Project commenced in April 2025

• 272 residential units

• 6,500 metres of roads

  The Tovil site in Maidstone presents a technically challenging build, demanding smart engineering and careful co-ordination. Despite the complexity, the Team, in partnership with Tamdown, are driving a fast-paced delivery programme to achieve

  high-quality results for Vistry.

  Brendan Evans

  Regional Managing Director Vistry Group

• Complex Sustainable Urban Drainage System (SUDS) strategy to install 13 large underground tanks, which will help manage rainwater and prevent flooding

• 112 plots completed to date

  17

  
  
  

  ‌Strategy in action

  Bloor Homes| Basildon, Essex

  Type: Residential infrastructure and groundworks Value: c£16m

  Duration: 5 years

• Project commenced in November 2024

• 269 residential units

• 10,000 metres of adoptable roads

  At our development near Basildon, we have faced challenging ground conditions and foundation solutions. Working collaboratively with Tamdown we have maintained high standards of health & safety and build quality, as well as achieving key targets as part of a fast-paced programme, together with successfully controlling costs. Tamdown remain a key part of the success of this project.

  Steve Boreham Construction Director Bloor Homes

• Sustainable Urban Drainage System (SUDS) includes a large

  drainage basin and underground tank

• Seven areas of Section 278 works, enhancing local infrastructure and connectivity

  18

  
  
  ‌Water Sector
  
  

  Investment profile

  • 5-year AMP8 £104bn vs AMP7 £61bn

  • Strategy horizon 25 years

  • Drivers: climate change, population growth, aging infrastructure and environmental standards

    Positives

  • Non-discretionary spend

  • Framework contracts

  • Higher margins

    Source: DEFRA

    19 Nexus Infrastructure plc | FY25 results presentation March 2026

    ‌Strategy in action

    Coleman integration

• Coleman acquired early FY25

• Integration carefully planned

• Benefits of systems for People (HR), Operations, Payroll and Finance

  After nearly 25 years as Founder and Managing Director of Coleman Construction & Utilities, I felt it was the right time to take the next step and set the company up for future growth. Joining forces with Nexus was a big decision, but one that felt right for both our people and our long-term vision.

  Now, more than a year since the acquisition, I can honestly say it was the right move. Working with Nexus has been a fantastic experience - they're a driven, supportive and highly successful company that shares the same values we built Coleman on.

  Coleman's future in the water industry is expanding rapidly and successfully, and I couldn't be prouder of how far we've come - and I'm even more excited for what's ahead within Nexus Infrastructure.

  Barry Coleman

  Managing Director

  Coleman Construction & Utilities Limited

• Collaborative 'Building Sustainable Growth' programme to prepare for AMP8 growth opportunities

• Sharing of expertise across the wider Group

  20

  
  
  ‌Water Sector
  
  

  Southern Water

  • AMP8 £8.6bn expenditure (double AMP7)

  • Slower start than SW planned

  • Significant ramp-up

    Positives

  • Collaborative approach

  • Experience and know-how valued

  • 25-year horizon

    Source: Southern Water

    21 Nexus Infrastructure plc | FY25 results presentation March 2026

    ‌Strategy in action

    CMDP+ | Tunbridge Wells, Kent

    Type: Wastewater upgrade Value: c£2m

    Duration: >1 year

• Phase 2 awarded following performance on Phase 1

• Major excavation work, access roads and drainage

• New pumps and pipework in congested areas

  Coleman delivered exceptional performance at Tunbridge Wells South UIMP5 project, which was complex and demanding.

  Despite numerous technical challenges and shifting requirements, they consistently demonstrated strong problem-solving skills and clear communication with a proactive approach. Their expertise, attention to detail and commitment to meeting deadlines were instrumental to keeping the project on track.

  Jeff Tighe

  Construction and Delivery Lead CMDP+

• 600mm pipe installed at 5m depth

• Final Settlement Tank - 24.5 metre diameter

• Noted for maintaining delivery during challenging weather conditions

22

‌Summary

23 Nexus Infrastructure plc | FY25 results presentation March 2026

Strategy FY25

1 Before exceptionals

24 Nexus Infrastructure plc | FY25 results presentation March 2026

•

•

•

•

•

Set at end of FY23

Stabilise operations

New path for Nexus

Re-introduce growth

Return Group to profitability

•

•

•

•

•

Revenue up 16%

GM increased to 15.6%

21% reduction central costs

Order book up 62%

Operating loss reduced by

42% to £(1.1m)1

‌Appendix

25 Nexus Infrastructure plc | FY25 results presentation March 2026

Richard Kilner Independent Non-Executive Chairman

Charles Sweeney Chief Executive Officer

Dawn Hillman Chief Financial Officer

Appointed to Board: 2016

Core strengths and experience

• Significant M&A experience following 20 years with private equity companies

• Qualified Civil Engineer with over 20 years' experience within the civil engineering and construction sectors

• Strategic development, risk management, corporate governance, mergers and acquisitions, commercial

Appointed to Board: 2023

Core strengths and experience

• Extensive Board-level experience in listed companies involved in the energy, civil infrastructure and residential construction sectors

• Strategy development and implementation

• Business transformation, performance improvement, commercial and operational risk management

Appointed to Board: 2023

Core strengths and experience

• Extensive experience in the construction industry

• Experience in privately owned, equity-backed and plc businesses

• Accounting and finance, corporate governance, process improvement, risk, IT, strategic development, commercial

  Ffion Griffith Independent Non-Executive Director

  Claire Lacey Independent Non-Executive Director

  Dr Christian Wurst Non-Independent Non-Executive Director

  Appointed to Board: 2018

  Core strengths and experience

  • Over 30 years' experience in senior human resources

    roles

  • Significant experience in professional services,

    technology and private equity sectors

  • Organisational and culture, corporate governance, strategic development, compliance and regulation

    Appointed to Board: 2022

    Core strengths and experience

    • Significant experience in infrastructure and renewable energy sectors

    • Qualified Chartered Accountant

    Appointed to Board: 2026

    Core strengths and experience

• Significant experience in supply chain and industrial services including management of operational improvement, finance and commercial functions

• Currently Operational Performance Improvement Programs Director at Eurofins

26 Nexus Infrastructure plc | FY25 results presentation March 2026

‌Nexus Infrastructure plc Nexus Park, Avenue East Skyline 120, Great Notley Braintree, Essex CM77 7AL

https://www.nexus-infrastructure.com