AGM Statement
Renew Holdings plc has announced that trading in the first quarter of the new financial year is strong, giving the Board confidence in meeting full-year expectations, supported by a record Group order book of £924 million as at 31 December 2025, up from £905 million a year prior. The company also highlighted its strong balance sheet, which is facilitating a robust M&A pipeline, with the recent acquisition of Emerald Power integrating well and performing as expected. Renew remains well-positioned to capitalize on long-term opportunities within the UK's regulated infrastructure markets.
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Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, will hold its Annual General Meeting at 11am today. David Brown, Chair, will open the meeting with the following remarks:
"Trading in the first quarter of the new financial year continues to give the Board confidence in meeting its full year expectations. This is supported by the Group's strong framework positions and a record Group order book as at 31 December 2025 of £924m (31 December 2024: £905m).
Our strong balance sheet continues to support our well-developed M&A pipeline where we have a number of opportunities in our target growth sectors. Emerald Power, acquired in October 2025, has integrated well and is trading in line with expectations.
The enduring structural growth drivers in the UK's regulated infrastructure markets and the strength of our business expertise, means the Group is well positioned to capitalise on its long-term opportunities, and the Board looks to the future with confidence."
A further trading update for the six months ending 31 March 2026 will be given on 1 April 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.