REG - Renew Holdings PLC - H1 Trading Update and Notice of Results

Renew HoldingsAnnouncement

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RNS Number : 9188Y  Renew Holdings PLC  01 April 2026

1 April 2026

Renew Holdings plc

("Renew" or the "Group" or the "Company")

H1 Trading Update and Notice of Results
First half in line with expectations, record order book drives confidence in
full year

Renew (AIM: RNWH), the leading Engineering Services Group supporting the
maintenance and renewal of critical UK infrastructure, provides the following
trading update for the six months ended 31 March 2026 ("H1").

Trading Update

The Board confirms that trading and net cash for H1 is anticipated to be in
line with its expectations.

Overall demand and momentum for our water services remain ahead of
expectations as we move into the second year of AMP8. Our broad exposure to
the water market across the UK and strong positioning across multiple services
and capabilities provides further growth opportunities through the cycle as
clients build momentum within this latest regulatory investment period.

The Group's performance within Rail remains in line with our expectations as
reduced volumes of renewals activity continues to be offset by an increase in
demand for maintenance services. Through our reactive maintenance frameworks,
we have responded to numerous high profile rail events over the winter period
helping to minimise the impact on the national rail network and its users.

Trading in Infrastructure has remained resilient throughout H1. Momentum has
continued to build across our offering and with further successful
collaboration and capability expansion, the Group remains well positioned to
capitalise on the significant opportunities available in the latest Highways
investment period, RIS3, which commences today.

In Energy, the broadening of our service offering in the Electricity
Transmission and Distribution sector has been well received and we are pleased
with the performances of Emerald Power, acquired in October 2025, and Excalon,
with both businesses maintaining good momentum into H2. Within our Civil
Nuclear business, the long running site-wide industrial action at Sellafield
continues to impact our performance at this site, albeit our existing
frameworks underpin our expectations of a very healthy pipeline over the
medium term. In onshore wind, Full Circle's short term performance has been
impacted by underperformance in its French subsidiary, which is currently
undergoing a restructuring review. We continue to be successful in winning new
service agreements and remain confident in Full Circle's growth prospects over
the medium term.

Supported by our strong balance sheet, we continue to actively assess a number
of acquisitions in the Environmental and Energy sectors, which we expect to
progress further in H2. Overall, we continue to review an active acquisition
pipeline in line with our strategy of acquiring and integrating
value-accretive businesses.

Underpinned by extensive Government spending commitments and long-term
framework positions, the Group's order book continues to be at record levels,
demonstrating our core capabilities and established presence in a diverse
range of long-term, sustainable growth sectors. The Group remains strongly
positioned with a well balanced portfolio of businesses, providing us with
confidence in delivering against our full year expectations.

Notice of Results

Renew's interim results for the six months ended 31 March 2026 will be
announced on Tuesday 12 May 2026.

(1) Company compiled analyst consensus for adjusted revenue of £1,185.8m,
adjusted operating profit of £77.6m and pre-IFRS 16 net cash of £20.0m

 

ENDS

 

For further information, please contact:

 

 Renew Holdings plc                                          www.renewholdings.com
 Paul Scott, Chief Executive Officer                         via FTI Consulting
 Sean Wyndham-Quin, Chief Financial Officer                  020 3727 1000

 Deutsche Numis (Nominated Adviser and Joint Broker)         020 7260 1000
 Stuart Skinner / Kevin Cruickshank / Will Wickham

 Peel Hunt LLP (Joint Broker)                                020 7418 8900
 Ed Allsopp / Charlotte Sutcliffe

 FTI Consulting (Financial PR)                               020 3727 1000
 Alex Beagley / Amy Goldup / Matthew Young / Harleena Chana  Renew@fticonsulting.com

 

 

About Renew Holdings plc

Renew is a leading UK Engineering Services business, performing a critical
role in keeping the nation's infrastructure functioning efficiently and
safely. The Group operates through independently branded subsidiaries across
its chosen markets, delivering non-discretionary maintenance and renewal tasks
through its highly skilled, directly employed workforce.

 

Renew's activities are focused on Engineering Services in the key markets of
Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental
which are largely governed by regulation and benefit from non-discretionary
spend with long-term visibility of committed funding.

 

For more information please visit the Renew Holdings plc
website: www.renewholdings.com (http://www.renewholdings.com)

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