4th Aug 2026 13:30
(Alliance News) - Keller Group PLC on Tuesday reported increased revenue and profit for its first half, and hiked its interim dividend by over 50%.
The London-based geotechnical specialist contractor said pretax profit increased 18% to GBP103.3 million in the first six months of 2026, from GBP87.4 million the year before. Operating profit rose 16% to GBP112.5 million from 97.3 million, while underlying operating profit increased 15%, or 17% at constant currency, to GBP117.9 million from GBP102.6 million.
Revenue increased 10%, or 11% at constant currency, to GBP1.61 billion from GBP1.46 billion. Keller cited its performance in North America, with this region benefitting from "record volume and profit growth, underpinned by significant demand for infrastructure and data centre projects." North America revenue rose 17% at CER to GBP984.4 million, while underlying operating profit increased 18% at CER to GBP93.8 million.
Keller declared an interim dividend of 28.7 pence per share for the period, up 57% from 18.3p the year before.
"I am delighted to report an excellent first half that reflects the group's strong operational execution and continued commercial discipline," commented Chief Executive Officer James Wroath. "Our teams around the world have delivered an outstanding performance with record revenue and profit growth in North America, our largest division.
"We are building further momentum, with a record order book of [GBP1.9 billion, up from GBP1.6 billion one year prior] demonstrating the benefits of our geographic and sector diversification. This also clearly illustrates our ability to capitalise on megatrends, such as recent increased investment in infrastructure and data centres."
Looking ahead, Keller remains "confident" that its full-year performance will be in line with "recently upgraded market expectations," citing analyst consensus of GBP3.34 billion in revenue and GBP242 million in underlying operating profit.
Previously, in early July, Keller had forecast results "materially" ahead of then-current market expectations of GBP3.15 billion in revenue and GBP223 million in underlying operating profit. It had reported revenue of GBP3.09 billion and underlying operating profit of GBP218.2 million for 2025.
"Looking ahead, we are well positioned to deliver another strong performance through the remainder of 2026 and beyond," Wroath said.
Keller shares traded 1.2% higher at 3,086.00p on Tuesday afternoon in London.
By Emma Curzon, Alliance News reporter
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