HY26 trading update and notice of results
Nexus Infrastructure plc expects to report revenue of £32.2m for the six months ended 31 March 2026, a 6.6% increase on the prior year, despite market challenges including Middle East tensions. The company maintains a strong balance sheet with £8.5m in cash and cash equivalents. Tamdown demonstrated growth and secured new contracts, increasing its order book to £87.9m, while Coleman also improved performance, with early-phase AMP8 projects now underway. Nexus anticipates further momentum in the second half of the financial year, though it remains aware of potential geopolitical impacts.
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Nexus Infrastructure plc (AIM: NEXS), a leading provider of essential infrastructure solutions, announces an update on trading for the six months ended 31 March 2026 (HY26).
During HY26, early signs of a modest recovery in market conditions were impacted by growing tensions and the subsequent conflict in the Middle East.
Nevertheless, Nexus expects to report revenue in line with management expectations of £32.2m for HY26, an increase of 6.6% on HY25. The Group's balance sheet remains strong with cash and cash equivalents of £8.5m (HY25: £9.6m).
Tamdown continued its growth trajectory, delivering an improved performance in HY26. Although site operations were curtailed by an unusually wet winter, activities ramped up significantly thereafter, reaching high levels of cadence by period end. In addition, there were successes in securing new contracts, resulting in a further increase to the order book, which ended HY26 at £87.9m (HY25: £80.8m).
Coleman, active in both the water and rail sectors, also delivered an improvement in performance. As previously mentioned, AMP8 work has been slow to start though some early-phase projects are now underway and are expected to build momentum in the latter part of the financial year.
Charles Sweeney, Chief Executive of Nexus, commented: "We have continued to grow and make good progress against our strategic objectives, despite a challenging market backdrop. Tamdown maintained its upward trajectory, and in addition secured new contracts to further enhance its order book. Coleman performance also improved. Whilst AMP8 has been slower to commence than initially anticipated, we have been encouraged by the early-stage activity now underway and expect this to build later in the year.
"Nexus is well placed as we head into the second half of the year, though we are mindful of the potential future impact of the ongoing conflict in the Middle East."
Notice of Half Year Results
The Group will announce its results for the six months ended 31 March 2026 on Thursday, 14 May 2026.
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