DCC (DCC) H2 2026 earnings summary

Executive summary

• Achieved strong financial performance in FY 2026, with adjusted operating profit up 3.6% to GBP 634 million and adjusted EPS rising 9.9%, outperforming expectations amid transformation and market volatility.

• Completed the sale of DCC Healthcare and Info Tech businesses, returning GBP 700 million to shareholders and planning a further GBP 100 million.

• Rebranded remaining technology business as Nexora, with sale targeted by end of 2026, aiming for a sole focus on energy.

• Proposed name change to DCC Energy plc, reflecting the strategic shift to a focused multi-energy business.

• DCC Energy now represents 87% of group adjusted operating profit, with sharpened focus on energy solutions and mobility.

Financial highlights

• Adjusted operating profit rose 3.6% to GBP 634 million, with adjusted EPS up 9.9%.

• Revenue declined 2.9% to GBP 15.4 billion, mainly due to lower volumes.

• Free cash flow conversion was 108%, generating GBP 689 million from GBP 638 million operating profit.

• Net debt at year-end was GBP 690 million, or 0.9x EBITDA, maintaining investment-grade credit rating.

• Dividend increased by 5% to GBP 216.72, marking 32 consecutive years of growth.

Outlook and guidance

• Expects continued strategic progress and growth in FY27, with ambition to double EBITA to GBP 830 million by 2030, though this is aspirational.

• FY27 guidance includes flat FX impact, net finance costs c.GBP 95 million, and effective tax rate c.22.4%.

• Significant opportunities for growth in both existing and new markets, especially in energy.