Nexus Infrastructure H1 revenue rises on Tamdown activity

Nexus Infrastructure

14/05/2026 07:12

Overview

UK civil engineering firm's H1 revenue rose 5.6% yr/yr to £32.3 mln

Group operating loss before exceptionals items narrowed to £0.8 mln from £1.1 mln last year

Tamdown order book grew to £87.9 mln, providing improved revenue visibility

Outlook

Nexus expects Tamdown revenue to increase in H2 2026 as it delivers its order book

Company sees Coleman turnover rising later in 2026 as AMP8 activity builds

Board remains confident in delivering FY26 results in line with market expectations

Result Drivers

TAMDOWN ACTIVITY - Increased site activity at Tamdown and new contract wins contributed to revenue growth and improved performance

COLEMAN CONTRIBUTION - Early-stage AMP8 work at Coleman began, with improved performance and expectations for increased activity later in the year

OPERATIONAL DISCIPLINE - Improved gross margin attributed to productivity gains and ongoing cost management

Company press release: ID:nRSN2272Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 32.31 mln
H1 Adjusted EBIT
-GBP 835,000
H1 EBIT
-GBP 835,000
H1 Gross Profit
GBP 4.88 mln
H1 Pretax Profit
-GBP 1.07 mln


Analyst Coverage

Wall Street's median 12-month price target for Nexus Infrastructure PLC is GBp265.00, about 138.7% above its May 13 closing price of GBp111.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)