Half year results presentation

Half Year 2026 Results Presentation

May 2026

Chief Executive Officer

Chief Financial Officer

2 Nexus Infrastructure plc | HY26 results presentation May 2026

3 Nexus Infrastructure plc | HY26 results presentation May 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 | HY26 results presentation May 2026

  
  
  ‌Coleman Construction & Utilities Limited

• 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

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Building and growing customer

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

Further increase in the order book -

large multi-phase projects for the

UK's major housing developers

£87.9m

£80.8m

£83.4m

£51.6m

Introducing diversification to reduce the

impact of market cycles and to access higher margin sectors

Coleman - early-stage activities on

AMP8 - expected to ramp up later in the year

£2.8m

£3.1m

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Improving financial performance by

continually seeking improvements in productivity and managing costs

Financial performance improving -

gross margins increasing

14.9%

15.1%

Nexus Infrastructure plc | HY26 results presentation May 2026

‌Key Financials

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-£0.8m

+27.3%

H1 26

H1 25

H1 24

• Group revenue increased by 5.6%

• Housing sector revenue increased by 4.5%

• Revenue from Coleman increased by 15.6%

  Order Book (£m)
  £87.Gm H1 26 +8.7% H1 25 H1 24	87.G
  	80.8
  	72.0

• Increased order book in Tamdown since FY25 year end (FY25 £83.4m)

  • Group gross margin 15.1%

  • Housing sector gross margin 13.7%

  • Water sector gross margin 27.8%

    Cash (£m)
    £8.5m H1 26 -11.5% H1 25 H1 24	8.5
    	G.6
    	G.2

  • Cash to support working capital requirements of order book

• Loss reduced by £300k

• Tamdown operating loss halved

• Coleman continues to add profit to the Group

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  ‌Group Performance

  £m	H1 2026	H1 2025
  Revenue	32.3	30.6
  Gross Profit	4.9	4.6
  Operating loss before exceptionals	(0.8)	(1.1)
  Exceptional items	-	(0.5)
  Operating loss after exceptionals	(0.8)	(1.6)
  Net finance expense	(0.2)	(0.3)
  Tax	-	-
  (Loss) attributable to equity holders	(1.1)	(1.9)

  Unaudited

  • Group revenue increased by 5.6% to

    £32.3m (HY25: £30.6m), in line with market expectations, with an improvement in gross margin to 15.1% (HY25: 14.9%).

  • Group operating loss before exceptional items reduced to £0.8m (HY25: £1.1m).

  • Gross margin 15.1% (HY25 14.9%)

    9 Nexus Infrastructure plc | HY26 results presentation May 2026

    ‌Balance Sheet

    £m	H1 2026	H1 2025
    Property, plant & equipment	4.5	6.5
    Right of use assets	11.6	10.1
    Goodwill	3.6	4.6
    Receivables & contract assets	22.4	22.6
    Corporation tax asset	0.1	-
    Cash and cash equivalents	8.5	9.6
    Total Assets	50.7	53.4
    Trade & contract liabilities	12.5	13.2
    Lease liabilities	12.0	11.7
    Corporation tax	-	0.3
    Other payables	-	0.1
    Total Liabilities	24.5	25.3
    Net Assets	26.2	28.1

    Unaudited

  • Strong balance sheet maintained, with cash and cash equivalents of £8.5m (HY25: £9.6m).

  • Net assets remain robust at £26.2m

    (HY25: £28.1m).

  • Cash seeing the impact of revenue increases in the latter part of H1

  • Receivables tightly controlled

  • An interim dividend of 1.0 pence per share will be paid to shareholders on the register on 22 May 2026. The shares will go ex-dividend on 21 May 2026 with payment being made to shareholders on 19 June 2026.

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‌Review of Markets

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Tamdown's Position

Pre Middle East Conflict Middle East Conflict

• Early indications of an improving market -planning applications significantly up, mortgage rates easing, sales rates increasing

• Tamdown submitted tenders - highest level since pre-Covid

• Market news from developers on near-term outlook varies

• Some have expressed concerns on future sales and cost inflation

• Key question - how long before there is a resolution to the conflict?

• Site activity high

• Order book very healthy

• Tender activity remains strong

• Proactive actions on costs

• Flexible operating model

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‌Strategy in action

Persimmon | Haverhill Phase 4A

Type: Residential infrastructure and groundworks Value: c£4m

Duration: 18 months

• Project Awarded - January 2026

• 300 meters of Infrastructure: roads, sewers, and

  utilities

• 90 residential units (30% affordable housing)

• Consideration of impact on existing phases to mitigate disruption to residents

• Phase 3B is in its final stages, running concurrently with the commencement of this new phase

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  ‌Strategy in action

  Bellway Homes | Rivenhall, Essex

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

  Duration: 5 years

• Project Awarded - January 2025

• 225 residential units (30% affordable housing)

• Tamdown have constructed 78 plots to oversite

  with 16 plots ready for handover.

• Over 1,575m of the 2,000 metres of infrastructure: roads, sewers, and utilities has been installed

• Surface and foul water outfalls have been connected

• Earthworks plateaus underway for the various build

  parcels

• The permanent golf course access road diversion works have been completed

  PROJECT UPDATE

  18 months of progress

  14

  
  
  ‌Water sector

  Coleman's Position

  AMP8 Planned Activity AMP8 After Year 1

  • £104bn total expenditure

    (vs £61.5bn AMP7)

  • Southern Water expenditure £8.5bn (vs

    £4.3bn AMP7)

  • Estimated project expenditure Year 1 ~ 7.5% of project budgets

  • Commitments unchanged but much slower start than planned

  • Delays in design phase

  • Concerns being expressed in press about potential steep ramp-up to come

  • Working on other (smaller)

    projects

  • Active on early phases of AMP8 projects

  • Pro-active Building Sustainable Growth programme

  • In discussion with supply-chain

  • Flexible operating model

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  ‌Strategy in action

  Bridges | Fordcombe

  Type: Smaller project Value: <£0.5m Duration: 5 months

• Pre-cast concrete retaining wall

• Concrete slabs and hardstandings

• Pipeworks and chambers

• Ducting and drawpits

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‌Summary

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Strategy HY26

• On-track with more to do

• Continued growth trajectory

• Revenue up 5.6%

• Gross Margin increased to 15.1%

• Strong order book of £87.9m

  up 9%

• Operating loss reduced by 27% to £(0.8m)1

1 Before exceptionals

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‌Appendix

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Claire Lacey

Interim Chair

Charles Sweeney Chief Executive Officer

Dawn Hillman Chief Financial Officer

Appointed to Board: 2022

Core strengths and experience

• Significant experience in infrastructure and renewable energy sectors

• Qualified Chartered Accountant

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

  Dr Christian Wurst Non-Independent Non-Executive Director

  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

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

https://www.nexus-infrastructure.com