10th Jun 2026 10:58
(Alliance News) - Diales Group PLC on Wednesday posted higher profit in its first half, and guided full-year performance broadly in line with market consensus.
The London-based consultancy for the construction and engineering industries booked pretax profit of GBP968,000 for the six months ended March 31, up 52% from GBP635,000 a year prior.
Revenue advanced 10% to GBP23.7 million from GBP21.6 million. Diales kept left its interim dividend unchanged from the previous year at 0.75 pence per share.
The company's shares rose 7.9% to 30.21 pence on Wednesday morning in London, and are up 31% over the past year.
Diales ended March with net cash of GBP3.9 million, up 63% from GBP2.4 million on-year.
Looking to the second half, Diales said it has "strong momentum...with a robust pipeline". It expects a full contribution from its new service line in the second half and plans to continue investing in the company's growth.
It sees full-year results "at least in line with market expectations".
Analysts at Shore Capital have forecast pretax profit of GBP1.5 million in financial 2026. Equity Development researchers put the figure at GBP1.4 million.
In the year ended September 30, 2025, revenue was "stable" at GBP43.0 million, unchanged from the preceding year. The dividend per share was also unchanged at 1.5p, while annual pretax profit increased to GBP1.3 million from GBP916,000.
Chair Nicholas Stagg commented on Wednesday: "The group has delivered a strong performance in the first half, reflecting the resilience of our model and disciplined execution of our strategy. We have continued to make progress against our priorities despite a challenging macroeconomic backdrop. The board is confident in the group's positioning and prospects for the remainder of the year."
Chief Executive Mark Wheeler added: "Despite regional uncertainties, particularly in the Middle East, the business has remained resilient. With good momentum, a scalable model and clear strategic focus, the group is well positioned to deliver sustained growth and long-term shareholder value."
By Holly Munks, Alliance News reporter
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