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Renew Holdings PLC on Tuesday increased its dividend as it said profit sank despite higher revenue in the 2025 financial year. The Leeds, England-based engineering services group said pretax profit fell 5.8% to £56.7 million in the 12 months to the end of September from £60.2 million a year ago. Revenue climbed 7.1% to £1.08 billion from £1.01 billion, but administrative expenses jumped 23% to £103.5 million from £84.5 million. Basic earnings per share increased 17% to 61.67 pence from 52.53p Renew declared a full-year dividend of 20.0p per share, up 5.3% from 19.0p a year ago due to the ‘strong trading performance, forward momentum and the board’s positive outlook for the coming period’. ‘I am very pleased with the performance delivered across the group during FY25. Despite well-documented headwinds in specific areas, our teams have worked tirelessly to deliver another year of record revenues and operating profit alongside the successful execution of a number of our key strategic priorities. As a result, the foundations of this business have never been stronger,’ said Chief Executive Officer Paul Scott. Looking ahead, Renew said it has started financial 2026 with ‘positive momentum’ as a pureplay engineering services provider. The company said it is ‘strategically well positioned’ to capitalise on the UK government’s committed investment and said it continues to diversify into new, complementary markets. The firm said it has a ‘compelling’ M&A pipeline along with other organic investment opportunities. Renew said it has a record order book heading into 2026 which provides confidence in delivering against financial 2026 expectations. ‘The momentum with which we have entered the new financial year provides the board with confidence in our ability to meet our [financial 2026] expectations and we look forward to continuing to execute against our growth strategy in the current period and beyond,’ said CEO Scott. Shares in Renew Holdings were up 4.9% at 958.00 pence on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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