The Kier Group plc have proposed a final dividend of 5.2p, making a full year dividend of 7.8p per share (FY25: 7.2p per share). The final dividend will be paid on 4 December 2026 to shareholders on the register at close of business on 30 October 2026. The shares will be marked ex-dividend on 29 October 2026.
Other Financial Highlights:
- Strong growth in revenue and adjusted operating profit, with average net cash position achieved across FY26:
- Year-on-year revenue growth of 7.5% delivered at an adjusted operating margin of 3.9% (FY25: 3.9%)
- Growth in adjusted operating profit of 6.7% to £169.8m (FY25: £159.1m)
- Operating free cash flow grew to £206m (FY25: £199m) representing 121% cash conversion, significantly above the Group’s medium-term target of 90%
- Strong balance sheet with year-end net cash at £232m, representing a 13.9% increase year-on-year (FY25: £204m)
- £10.7m of average net cash1 for FY26, materially improved versus average net debt of £(49.2)m in FY2
- £25m share buyback announced in March 2026 (over 30% complete at 30 June 2026)
Average month-end net cash, an alternative performance measure.
- Record order book of high-quality work and excellent forward visibility:
- Order book grew 8% to £11.9bn as at 30 June 2026 (June 2025: £11.0bn, December 2025: £11.6bn) providing good visibility over future revenues, earnings and cash flows
- >95% of expected FY27 revenue and >70% of FY28 revenue secured1
- Momentum from significant wins continuing into FY27: Hinchingbrooke (New Hospitals Programme), East/West Rail, Greater Manchester stations
- Extensive framework positions across diverse sectors:
- Increased framework positions to £200bn through wins and renewals across healthcare, water, defence, energy, education, transportation and regional construction
- Framework win/renewal success rate over 80%
- These positions underpin the Group's commercial mix, with 95% of revenues under a combination of either cost reimbursable or two-stage processes
