REG - Vp PLC - Trading Update

VPAnnouncement

10/10/2025 07:00

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RNS Number : 8187C  Vp PLC  10 October 2025

      10 October 2025

 
Vp plc

('Vp', or the 'Group')

 
Trading Update

 

Solid first half performance against a challenging macro-economic backdrop

Vp plc, the specialist equipment rental business, today provides a trading
update for the six months ended 30 September 2025.

 

The Group has delivered a solid first half performance in challenging
macro-economic conditions. Areas of particular strength in the period include
activities in Germany and Ireland where the Group continues to take advantage
of supportive market conditions.

 

Conditions have been varied across Vp's end markets.

 

In Infrastructure:

·    Activity levels in Transmission remain strong, particularly in
Germany.

·    Prospects in Water remain extremely positive. Albeit as referenced
across the industry, revenue in the first half of the year is lower than the
previous financial year as capital delivery programmes undertake their normal
transition from AMP7 to AMP8. We expect activity levels to increase in the
second half of the financial year and beyond.

·    Activity levels in Rail remain subdued due to the continued slow
start to Network Rail's CP7. The Group remains in a strong position to take
advantage of planned investment in Rail over the medium term.

 

In Construction:

·   Performance continues to be strong in Specialist Construction, however
the General Construction market remains challenging.

·   The Group's recovery plan for Brandon Hire Station is progressing well
and remains on course to materially complete by the end of the financial year.
Further detail will be provided at Vp's interim results in November.

 

In the Group's smaller end markets, performance in Housebuilding has
benefitted from operating model changes made in the last financial year.
Energy activity levels are satisfactory, with projects expected to be weighted
towards the second half of the year.

 

The Board continues to anticipate performance for the year ending 31 March
2026 being in line with market expectations* with revenue and profit expected
to be modestly weighted towards the second half of the financial year.

 

Vp is continuing to progress its strategy, which is underpinned by the Group's
digital roadmap and includes simplifying operations and improving the customer
experience.

 

Anna Bielby, Chief Executive of Vp, commented: "Despite challenges in some of
our end markets, the first half of the financial year has again demonstrated
the strength and resilience of our diverse business model.

 

"We remain optimistic about the second half of the financial year and expect
to see increased activity levels across areas such as Rail and Water as
long-term investment programmes gain traction, with Infrastructure, in
particular, being further supported by the UK Government's revitalisation
initiatives.

 

"With a clear strategy, a robust balance sheet and a growing pipeline of
opportunities, we are well positioned to continue to deliver sustainable
shareholder value."

 

- Ends -

 

* Vp compiled analyst consensus for 2025/2026: Revenue of £386.1m, Profit
before tax, amortisation and impairment of goodwill, trade names and customer
relationships and exceptional items of £37.3m and pre-IFRS 16 net debt of
£137.3m.

For further information:

 Vp plc
 Anna Bielby, Chief Executive               Tel: +44 (0) 1423 533 400
 Keith Winstanley, Chief Financial Officer  www.vpplc.com (http://www.vpplc.com)

 

 Media enquiries:
 Sodali & Co
 Justin Griffiths / Nick Johnson / Amy Gibson  Tel:  +44 (0) 2039 840 163
                                               vp@client.sodali.com

 

 

Notes to Editors

Vp plc is a specialist equipment rental business providing equipment, people,
services and support for specialist projects. It focusses on niche sectors
principally in the Infrastructure, Construction, Housebuilding and Energy
markets in the UK and overseas. Businesses include: Groundforce, TPA, Torrent
Trackside, Brandon Hire Station, ESS, MEP Hire, CPH, UK Forks, Airpac Rentals
and Tech Rentals. Vp Rail is the Group's integrated rail solution providing
customers with direct access to all of Vp's rail specialisms through a central
team.

 

Our approach to environmental and social impact is guided by our core values
and responsible business framework, for more information go
to: www.vpplc.com/esg-and-governance/
(http://www.vpplc.com/esg-and-governance/)

 

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