The Rentokil Initial Plc. Board is recommending an interim dividend of 4.48 cents per share, up 8.0% year-on-year, in line with the Company's progressive dividend policy. The dividend is first determined in US dollars and the sterling amount will be announced on 27 August 2026 using the average of the market exchange rates for the three working days commencing 24 August 2026, using the closing spot rate. The dividend is payable to shareholders on the register at the close of business on 14 August 2026, to be paid on 21 September 2026.
Other financial highlghts include:
● H126 Group Organic Revenue Growth of 3.6%, with improving performance in Q2.
● Q2 Group Organic Revenue Growth of 3.8% including 3.6% in North America and 4.2% in International.
● Group Adjusted Operating Profit up 6.6%, benefiting from 10.2% growth in North America as they continue to deliver on our cost efficiency programme. Group Adjusted Operating Margin1 of 15.5%, up 0.3%pts.
● Free Cash Flow of $318m, up 12.8%, with Free Cash Flow Conversion of 96%, reflects continued disciplined working capital management and control of capital expenditure, leaving them on track to deliver a full year conversion rate in line with guidance of above 80%.
● Additional provision for termite damage claims of $47m. After $46m of cash settled claims in H126, closing provision of $392m (FY25: $384m). Current estimate for 2026 cash outflow of $115m-$125m.
● North America transformation costs of $38m, with cumulative gross savings delivered in the first half of $45m and net savings after investment of $28m. International transformation costs of $9m.
● Net debt to Adjusted EBITDA ratio reduced to 2.4x, now within their stated target range of 2-2.5x for the first time since the Terminix acquisition (FY25: 2.6x). There was a negligible foreign exchange impact on translation of period-end net debt.
