The Ashtead Group Board announce they are increasing the interim dividend to 37.5¢ per share (2024: 36¢ per share). This will be paid on 6 February 2026 to shareholders on the register on 9 January 2026.
Other financial highlights include:
●Reaffirming full-year Group rental revenue, capex, and free cash flow guidance
●Group rental revenue up 2%; revenue up 1%
●Operating profit of $1,346m (2024: $1,484m) after non-recurring costs relating to US relisting and UK restructuring of $69m (2024: $nil)
●Adjusted profit before taxation of $1,208m (2024: $1,255m)
●Adjusted earnings per share of 212.1¢ (2024: 213.6¢)
●$1.3bn of capital invested in the business (2024: $1.7bn)
●Free cash flow of $1,109m (2024: $420m)
●Total returns to shareholders of $1,021m (2024: $387m), comprising $714m on share buyback and $307m through dividends
●Net debt to adjusted EBITDA leverage of 1.6 times (2024: 1.7 times)
●Announcing new $1.5bn share buyback commencing with relisting
●Primary listing on track to move to NYSE and Investor Day in New York City in March 2026
