REG - Nexus Infrastructure - Half Year Trading Update and Notice of Results

Nexus InfrastructureAnnouncement

08/04/2025 07:00

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RNS Number : 0106E  Nexus Infrastructure PLC  08 April 2025

8 April 2025

Nexus Infrastructure plc

("Nexus" or the "Group")

 

Half Year Trading Update and Notice of Results

 

Nexus Infrastructure plc (AIM:NEXS), a leading provider of essential
infrastructure solutions, announces an update on trading for the six months
ended 31 March 2025 (HY25).

 

The Group expects to report revenue in line with management expectations of
£30.2m for HY25, an increase of 17.1% on HY24. The Group retains a strong
balance sheet with cash and cash equivalents of £9.6million, an increase of
3.2% versus HY24.

 

Over the period, whilst the UK economy has continued to struggle due to a
range of domestic and global factors, there has been a slight improvement in
the housebuilding sector, though the much-anticipated start to a full recovery
is now predicted to be delayed by some months.

 

Tamdown made progress in HY25, with its quality of service and longstanding,
loyal customer base enabling it to win new contracts on several multi-phase
projects. This momentum is reflected in the growth of the order book which
increased by 11.1% to £80m versus £72m in HY24.

 

Following the acquisition of Coleman Construction & Utilities (Coleman) in
October 2024, integration is progressing well with operational efficiencies
already being delivered. Coleman's activities in the water sector have been
focused on the completion of a number of high-profile, long-term AMP7 projects
(Asset Management Project 7), and on preparation for the start of the AMP8*,
which is the next five-year regulatory cycle set by Ofwat to increase
efficiencies in the water sector in England and Wales.

 

The acquisition of Coleman provides diversification of revenue streams, with
the opportunities in the water sector from AMP8 and the work being carried out
in the rail sector, resulting in the Group having less reliance on the housing
sector.

 

Charles Sweeney, Chief Executive of Nexus, commented: "The Group has made good
progress on its strategy in the first half of FY25, with positive momentum
notwithstanding the continued headwinds faced by the ongoing macro-economic
uncertainties which have delayed the anticipated recovery of the housebuilding
sector. As a result of actions taken, Tamdown is now leaner, more agile, and
better placed for growth when the recovery begins.

 

"Coleman joined the Group at the beginning of this financial year, and it has
been a pleasure getting to know the team and the business. As AMP7 work comes
to a successful conclusion, our attention has turned towards the new AMP8
period starting later in the year, which is expected to bring a significant
increase in activities."

Notice of Half Year Results

The Group will announce its results for the six months ended 31 March 2025 on
Thursday, 15 May 2025.

 

*An Asset Management Period (AMP) is a is a five-year regulatory cycle set by
Ofwat to increase efficiencies in the water sector in England and Wales. AMP8
is, the eighth cycle of this regulatory framework, which runs until 2030. It
sets out the financial and operational expectations for water companies across
England and Wales.

 

For more information, please contact:

 Nexus Infrastructure plc                               via Alma
 Charles Sweeney, Chief Executive Officer               nexus@almastrategic.com
 Dawn Hillman, Chief Financial Officer

 Zeus (Nominated Adviser and Sole Broker)               Tel: 020 3829 5000
 Antonio Bossi, James Hornigold (Investment Banking)
 Dominic King (Corporate Broking)

 Alma Strategic Communications                          Tel: 0203 405 0205
 Justine James                                          nexus@almastrategic.com
 Hannah Campbell
 Will Merison

 

 

Notes to Editors

 

Nexus is a leading provider of civil engineering infrastructure solutions
through its two subsidiaries: Tamdown Group Limited ("Tamdown") and Coleman
Construction & Utilities Limited ("Coleman").

 

Tamdown provides a range of civil engineering and infrastructure solutions to
the UK housebuilding sector, with operations focused on the South-East of
England and London. It has an established market-leading position, having been
in operation for over 48 years.

 

Coleman delivers civil engineering and building projects in the water, rail,
highways and rivers & marine sectors. Since its foundation in 2000, the
business has grown based on a reputation for quality of service and customer
satisfaction.

 
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