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KIE 06:03

Kier Group PLC

Commencement of £25m share buyback programme

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Kier Group PLC, a leading UK infrastructure services, construction, and property group, announced the commencement of a £25 million share buyback programme on March 3, 2026. The programme, executed through a non-discretionary agreement with Deutsche Bank AG, London Branch, aims to return capital to shareholders by purchasing ordinary shares of 1 pence each. Repurchased shares will be held as treasury shares. The buyback will be conducted on the London Stock Exchange and other trading venues, adhering to regulatory requirements and pre-set parameters. The programme will continue until the total purchase price reaches £25 million, with transactions announced within 7 business days of execution. As of the announcement, Kier’s share capital comprises 452,875,390 ordinary shares, with 10,978,468 held in treasury, resulting in total voting rights of 441,896,922. The company emphasized that the programme does not constitute an offer of securities or a profit forecast, and forward-looking statements are subject to risks and uncertainties.

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KIE 06:08

Kier Group PLC

Results for the period ended 31 December 2025

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Kier Group PLC, a leading UK infrastructure services, construction, and property group, reported strong results for the six months ended December 31, 2025. Here’s a summary of the key points

### **Financial Performance**

**Revenue Growth**Revenue increased by 2.6% to £2.029 billion, driven primarily by the Infrastructure Services segment.

**Profit Growth**Adjusted operating profit grew by 6.6% to £71.0 million, with an adjusted operating margin of 3.5%.

**Net Cash Position**The Group achieved an average net cash position of £16.8 million, a significant milestone after 13 years of net debt.

**Order Book**The order book grew by 5% to a record £11.6 billion, with 94% of FY26 revenue and 78% of FY27 revenue secured.

### **Strategic Highlights**

**Share Buyback**A new £25 million share buyback program was announced, following the completion of the initial £20 million buyback.

**Dividend Increase**The interim dividend was increased by 30% to 2.6p per share, reflecting strong cash generation and confidence in future performance.

**Operational Excellence**The Group continued to win profitable, cash-generative work across key sectors, including health, education, water, and roads.

### **Segment Performance**

**Infrastructure Services**Revenue grew by 5% to £1.083 billion, with strong growth in water projects. The order book increased by 6% to £7.1 billion.

**Construction**Revenue remained stable at £920 million, with a 5% increase in the order book to £4.5 billion. The segment benefited from key framework positions in education, healthcare, and defense.

**Property**Revenue increased by 90% to £24.9 million, with progress on projects and a clear path to achieving a 15% ROCE target by FY28.

### **Sustainability and Social Impact**

**Environmental Focus**Achieved a CDP A rating for climate disclosure, placing it in the top 4% of companies globally.

**Employee Recognition**Recognized in Glassdoors 50 Best Places to Work and as a sector leader for women in senior roles.

**Apprenticeships**Over 500 employees are engaged in apprenticeship programs, with Kier ranked among the Top 100 Apprenticeship Employers.

### **Outlook**

**Full-Year Expectations**The Group expects full-year performance to be in line with Board expectations, supported by a growing, high-quality order book and robust cash generation.

**Strategic Growth**Kier is well-positioned to benefit from UK Government infrastructure spending commitments, with a focus on delivering vital social and economic infrastructure.

### **Conclusion**

Kier Group PLC delivered a strong first half, marked by revenue and profit growth, a record order book, and a shift to an average net cash position. The Group remains confident in its ability to drive sustainable growth and deliver value to stakeholders, supported by its strategic focus on infrastructure, operational excellence, and disciplined capital allocation.

Here is a comparison of the financials and debt year on year for Kier Group PLC, presented as an HTML table:

Kier Group PLC Financials and Debt Comparison (Year on Year)

Metric	Six months to 31 Dec 2025 (£m)	Six months to 31 Dec 2024 (£m)	Change
Revenue	2,029.2	1,978.6	2.6%
Adjusted Operating Profit	71.0	66.6	6.6%
Adjusted Operating Margin	3.5%	3.4%	10bps
Net Cash/(Debt)	102.9	57.9	78%
Average Net Cash/(Debt)	16.8	(37.6)	145%
Order Book (£bn)	11.6	11.0	5%
Free Cash Flow (£m)	(41.9)	(49.8)	15.9%
Interim Dividend per Share (p)	2.6	2.0	30%

**Key Observations:** 1. **Revenue Growth:** Revenue increased by 2.6% year on year, driven primarily by the Infrastructure Services segment. 2. **Profitability Improvement:** Adjusted operating profit grew by 6.6%, with a slight improvement in the operating margin. 3. **Net Cash Position:** The company achieved a net cash position of £102.9m, a significant improvement from £57.9m in the previous year, reflecting strong cash management. 4. **Order Book Growth:** The order book increased by 5% to a record £11.6bn, providing a strong pipeline for future revenue. 5. **Dividend Increase:** The interim dividend per share increased by 30%, reflecting confidence in the company's financial performance. This table provides a concise comparison of key financial metrics, highlighting the company's improved financial health and operational performance year on year.

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KIE 06:08

Kier Group PLC

Results for the period ended 31 December 2025

AI Expand: Explanation + Tables

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Kier Group PLC, a leading UK infrastructure services, construction, and property group, reported strong results for the six months ended December 31, 2025. Here’s a summary of the key points

### **Financial Performance**

**Revenue Growth**Revenue increased by 2.6% to £2.029 billion, driven primarily by the Infrastructure Services segment.

**Profit Growth**Adjusted operating profit grew by 6.6% to £71.0 million, with an adjusted operating margin of 3.5%.

**Net Cash Position**The Group achieved an average net cash position of £16.8 million, a significant milestone after 13 years of net debt.

**Order Book**The order book grew by 5% to a record £11.6 billion, with 94% of FY26 revenue and 78% of FY27 revenue secured.

### **Strategic Highlights**

**Share Buyback**A new £25 million share buyback program was announced, following the completion of the initial £20 million buyback.

**Dividend Increase**The interim dividend was increased by 30% to 2.6p per share, reflecting strong cash generation and confidence in future performance.

**Operational Excellence**The Group continued to win profitable, cash-generative work across key sectors, including health, education, water, and roads.

### **Segment Performance**

**Infrastructure Services**Revenue grew by 5% to £1.083 billion, with strong growth in water projects. The order book increased by 6% to £7.1 billion.

**Construction**Revenue remained stable at £920 million, with a 5% increase in the order book to £4.5 billion. The segment benefited from key framework positions in education, healthcare, and defense.

**Property**Revenue increased by 90% to £24.9 million, with progress on projects and a clear path to achieving a 15% ROCE target by FY28.

### **Sustainability and Social Impact**

**Environmental Focus**Achieved a CDP A rating for climate disclosure, placing it in the top 4% of companies globally.

**Employee Recognition**Recognized in Glassdoors 50 Best Places to Work and as a sector leader for women in senior roles.

**Apprenticeships**Over 500 employees are engaged in apprenticeship programs, with Kier ranked among the Top 100 Apprenticeship Employers.

### **Outlook**

**Full-Year Expectations**The Group expects full-year performance to be in line with Board expectations, supported by a growing, high-quality order book and robust cash generation.

**Strategic Growth**Kier is well-positioned to benefit from UK Government infrastructure spending commitments, with a focus on delivering vital social and economic infrastructure.

### **Conclusion**

Kier Group PLC delivered a strong first half, marked by revenue and profit growth, a record order book, and a shift to an average net cash position. The Group remains confident in its ability to drive sustainable growth and deliver value to stakeholders, supported by its strategic focus on infrastructure, operational excellence, and disciplined capital allocation.

Here is a comparison of the financials and debt year on year for Kier Group PLC, presented as an HTML table:

Kier Group PLC Financials and Debt Comparison (Year on Year)

Metric	Six months to 31 Dec 2025 (£m)	Six months to 31 Dec 2024 (£m)	Change
Revenue	2,029.2	1,978.6	2.6%
Adjusted Operating Profit	71.0	66.6	6.6%
Adjusted Operating Margin	3.5%	3.4%	10bps
Net Cash/(Debt)	102.9	57.9	78%
Average Net Cash/(Debt)	16.8	(37.6)	145%
Order Book (£bn)	11.6	11.0	5%
Free Cash Flow (£m)	(41.9)	(49.8)	15.9%
Interim Dividend per Share (p)	2.6	2.0	30%

**Key Observations:** 1. **Revenue Growth:** Revenue increased by 2.6% year on year, driven primarily by the Infrastructure Services segment. 2. **Profitability Improvement:** Adjusted operating profit grew by 6.6%, with a slight improvement in the operating margin. 3. **Net Cash Position:** The company achieved a net cash position of £102.9m, a significant improvement from £57.9m in the previous year, reflecting strong cash management. 4. **Order Book Growth:** The order book increased by 5% to a record £11.6bn, providing a strong pipeline for future revenue. 5. **Dividend Increase:** The interim dividend per share increased by 30%, reflecting confidence in the company's financial performance. This table provides a concise comparison of key financial metrics, highlighting the company's improved financial health and operational performance year on year.

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KIE 06:03

Kier Group PLC

Commencement of £25m share buyback programme

AI Expand: Explanation + Tables

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Return to today’s catalyst cards, chart beacons and AI charts.

Kier Group PLC, a leading UK infrastructure services, construction, and property group, announced the commencement of a £25 million share buyback programme on March 3, 2026. The programme, executed through a non-discretionary agreement with Deutsche Bank AG, London Branch, aims to return capital to shareholders by purchasing ordinary shares of 1 pence each. Repurchased shares will be held as treasury shares. The buyback will be conducted on the London Stock Exchange and other trading venues, adhering to regulatory requirements and pre-set parameters. The programme will continue until the total purchase price reaches £25 million, with transactions announced within 7 business days of execution. As of the announcement, Kier’s share capital comprises 452,875,390 ordinary shares, with 10,978,468 held in treasury, resulting in total voting rights of 441,896,922. The company emphasized that the programme does not constitute an offer of securities or a profit forecast, and forward-looking statements are subject to risks and uncertainties.

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