KIER Group has announced a 15% rise in pre-tax profits to £78.1 million for the year ended 30 June 2025. Group revenue is up 4% to 4,077 million.
The firm’s order book has increased by 2% to £11 billion, while net cash has risen from £167.2 million to £204.1 million. Average month-end debt has fallen significantly from £116.1 million to £49.2 million.
Outgoing chief executive Andrew Davies said, “In the first year of our long-term sustainable growth plan the group delivered strongly, with profit performance, in particular, ahead of our initial expectations. Our adjusted operating profit margin of 3.9% has progressed well towards our target range of 4%-4.5%, while we also grew our order book to a record £11bn, providing considerable, multi-year revenue visibility.
“These achievements, together with our strong recurring cashflow and balance sheet discipline, enabled us to invest further in our property business; commence an initial £20m share buyback programme; and significantly increase the level of dividends payable to shareholders. Building on our outperformance in FY25, the group has started the current financial year well and for FY26 is trading slightly ahead of the board’s expectations.
“Kier remains well positioned to continue to deliver infrastructure that matters and benefit from the UK Government’s 10-year Infrastructure Strategy spending commitments. We remain confident in our strong sustainable cash generation, allowing us to allocate capital efficiently, utilising our integrated capabilities to drive compounding returns for our stakeholders.
“On a personal note, it has been a privilege to lead Kier over the last six years and to see the group transformed into a strong and sustainable business with enhanced resilience and a reinforced financial position. That transformation has only been possible due to the capability, professionalism and hard work of Kier’s teams and the support of our customers and partners.
“I would like to thank them for their support and commitment in ensuring Kier’s continued success in delivering infrastructure that is vital to the UK. Finally, I would like to congratulate Stuart on his well-deserved appointment as the next chief executive of Kier and wish him every success.”
