Kier Group (KIE) Q4 2026 TU earnings summary

Executive summary

• Full-year revenue and profit for FY26 expected at the top end of market expectations, driven by strong trading momentum in both halves of the year.

• Significant growth in Infrastructure, particularly in Water, Highways, and Rail, and in Construction through major project ramp-ups and expanded in-house capabilities.

• Property segment saw increased activity compared to FY25, though transaction timings were affected by macroeconomic turbulence.

Financial highlights

• Order book as of 30 June 2026 grew 8% year-over-year to approximately £11.9bn, providing over 90% visibility for FY27 revenue.

• Expected period-end net cash position of approximately £232m, up 14% from £204m the previous year.

• Average month-end cash position for FY26 expected to be around £11m, a significant improvement from prior year net debt of £49m.

Outlook and guidance

• Revenue and profit for FY26 anticipated at the top end of market expectations.

• Substantial secured order book and framework positions underpin growth opportunities aligned with UK Government's 10 Year Infrastructure Strategy.

• FY26 results and strategic priorities update scheduled for 15 September 2026.