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Ashtead Technology Holdings PLC - Aberdeen, Scotland-based provider of subsea technology to offshore energy sector - Says 2025 results will be ‘slightly ahead’ of market expectations for adjusted earnings before interest, tax and amortisation of £57.7 million. This would be up 15% from adjusted Ebitda of £50.3 million in 2024. Revenue is estimated to be £203 million, below market consensus of £205.8 million but up 21% from £168.0 million in 2024. Ashtead Technology says revenue in the second half of the year was 5% ahead of the first half. The 21% annual increase is mostly thanks to the late 2024 acquisitions of Seatronics and J2 Subsea, but also includes 3% organic growth. Strong cash conversion has allowed Ashtead Technology to reduce net debt, it says. Leverage was 1.4 times at the end of 2025 and is expected to fall to 1.0x by the end of 2026, even as the company plans £35 million in capital expenditure this year. ‘We are focussed on executing our strategic growth plans and remain confident in the group’s ability to generate significant value for shareholders over the medium-term,’ Chief Executive Officer Allan Pirie says. Current stock price: 374.50 pence, up 12% in London on Monday 12-month change: down 31% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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