Kier Group plc Q2 2026 Earnings Recap

Kier Group delivered a solid first half for FY '26, with a 2.6% revenue increase and a strengthened order book, leading to enhanced cash flow and dividends for shareholders.

Key Takeaways

• Revenue grew to GBP 2.029 billion, driven primarily by a 4.9% increase in Infrastructure Services.
• Adjusted operating profit rose by 6.6% to GBP 71 million, maintaining margins within targeted ranges.
• Record order book of GBP 11.6 billion, providing 94% revenue visibility for FY '26 and 78% for FY '27.
• Significant improvement in net cash position to GBP 103 million, with an average net cash of GBP 17 million for the first time in over a decade.
• Announcement of a GBP 25 million share buyback program and an increase in interim dividend to 2.6p per share underline robust cash generation.