Keller Group (KLR) Q4 2025 TU earnings summary

Executive summary

• Strong trading in the first four months of 2026, particularly in North American foundations operations, despite macroeconomic and geopolitical uncertainty.

• Operational and financial performance improvements are expected to be sustained, with full-year results anticipated to meet Board expectations.

• Order book strengthened to approximately £1.7bn at the end of April 2026, with robust tendering activity and good visibility of future opportunities.

Outlook and guidance

• Management remains confident in sustaining momentum and delivering strong performance for the remainder of 2026.

• Full-year results are expected to be in line with Board expectations.

• Continued focus on bolt-on acquisition opportunities across markets.

Significant events and developments

• Completion of a £50m share buyback in 2025, followed by the launch of a new £100m buyback programme in March 2026; £18m spent on 834,000 shares to date.

• Interim results to be announced on 4 August 2026; Capital Markets Day scheduled for 14 October 2026 in London.