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Vp (VP) investor relations material

Vp Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary10 Oct, 2025

Executive summary

  • Delivered a solid first half performance despite challenging macro-economic conditions, with particular strength in Germany and Ireland.

  • Diverse business model demonstrated resilience, with optimism for increased activity in the second half of the year.

Financial highlights

  • Analyst consensus for FY 2025/2026: Revenue of £386.1m, profit before tax, amortisation, impairment, and exceptional items of £37.3m, and pre-IFRS 16 net debt of £137.3m.

  • Revenue and profit expected to be modestly weighted towards the second half of the financial year.

Outlook and guidance

  • Performance for the year ending 31 March 2026 anticipated to be in line with market expectations.

  • Increased activity levels expected in Rail and Water as long-term investment programmes progress.

  • Infrastructure to benefit from UK Government revitalisation initiatives.

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Frequently asked questions

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company operates through UK Forks, Brandon Hire Station, ESS, Groundforce, TPA, MEP Hire, Torrent Trackside and TR Group businesses. The UK Forks business engages in the rental of telescopic handlers and tracked access platforms use for construction and housebuilding sites. The Brandon Hire Station business is involved in the rental of tools and specialist products to the industry and construction markets, as well as homeowners. The ESS business engages in the rental of safety, survey, communication, and test and measurement equipment. The Groundforce business rents excavation support systems and specialist products to the water, civil engineering

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