Restore

RST · AIM · Industrial Goods and Services · mcap £404m · 308.0p

Restore stores and digitises business and public-sector records, runs secure document shredding, and provides IT recycling and related services. Most income is recurring, from storage and multi-year contracts such as those with the DWP and HMRC.

Target	Promise	Said	Status
2024
End FY24	Remove majority of boxes from Redhill and Paddock Wood sites	31 Jul 2024	… In progress
	“on track to remove majority of boxes from our Redhill and Paddock Wood sites by year-end” Status so far Not yet due.
End 2024	£3m annualised savings from scanning integration, mostly complete by end 2024	21 Nov 2024	… In progress
	“we continue to expect annualised savings of £3 million” Status so far Not yet due.
2025
2025	Datashred margin to move towards 15% in 2025	13 Mar 2025	… In progress
	“we have hedged our paper sales price for approximately half of our recycled paper volume in 2025 at a level which should support the division's adjusted operating margin moving towards 15%” Status so far Not yet due.
2026
Jul 2026	Identify third new consolidation site	29 Jul 2025	… In progress
	“We expect to identify a third new site within the next year to complete the property consolidation programme” Status so far Not yet due.
Today · 11 Oct 2026
FY26	Sustain adjusted operating margin above 20% in FY26 and beyond	9 Dec 2025	… In progress
	“This gives me real confidence in our ability to sustain adjusted operating margins above 20% for the foreseeable future.” Also stated 12 Mar 2026 Status so far Not yet due.
2027
31 Mar 2027	Complete £20m buyback in two tranches	16 Mar 2026	… In progress
	“it is anticipated it will end no later than 31 March 2027, subject to market conditions” Status so far Not yet due.