Kier Group (KIE) Trading update summary

Growth

• Awards include a £600m Devonport Royal Dockyard 10 Dock programme, delivered through the KierBAM joint venture for Babcock International Group.

• Appointed under a significant PCSA for the H50 high-containment building at the UK Health Security Campus, part of the wider £3.5bn Harlow programme.

• Secured ~£100m of water contracts across Thames Water, Yorkshire Water and Severn Trent, plus a major Sizewell Link Road contract through Sizewell C’s Major Civils Framework.

• New framework appointments provide future bidding access, including Pagabo civil engineering and major works (up to £5bn each), Thames Water (£4.8bn), Constructing West Midlands 3 (£3.0bn) and NHS SBS HardFM3 (£400m); values are total advertised framework values.

• September 2026 order book was £11.7bn vs £11.9bn in June, following strong quarterly revenue growth; growth expected in December as recent wins enter the order book.

Resilience

• Consistently strong cash generation is strengthening the balance sheet, with excellent early progress towards >£200m of average monthly net cash by end FY29.

Performance

• Positive start to FY27, trading in line with expectations and the enhanced medium-term financial targets set out in September 2026; focus remains on disciplined delivery.