Genuit retains cautious outlook as shares rally after profit growth

(Alliance News) - Genuit Group PLC on Tuesday saw its shares jump after posting higher profit, and raising its payout.

The Leeds, England-based provider of water, climate and ventilation systems booked pretax profit of GBP58.2 million in 2025, up from GBP46.3 million on-year. Revenue rose 7.3% to GBP602.1 million from GBP561.3 million.

As a result, Genuit has proposed to hike its final dividend to 8.7 pence per share from 8.4p on-year, which brings 2025's total payout to 12.9p from 12.5p.

The company's shares rose 8.9% to 331.50 pence on Tuesday morning in London.

Nonetheless, Genuit remained cautious in its outlook, noting that "subdued market conditions" had persisted in the first quarter of 2026, bar "some positive signs" in order intake.

"The potential business impact of the evolving situation in the Middle East, including any wider macroeconomic or geopolitical effects, is difficult to assess at this time," Genuit added.

It reaffirmed medium-term guidance, saying it continues to target "continued market outperformance by focusing on higher growth segments, regardless of macroconditions".

Chief Executive Joe Vorih commented: "Our strategy remains unchanged despite uncertain market conditions. We remain focused on operational excellence, exposure to sustainability-led growth drivers and disciplined, strategic bolt-on M&A.

"With a resilient portfolio, cash generative model and a strong balance sheet, we are well positioned to continue outperforming through the cycle."

The CEO was keen to note that Genuit's success in 2025 came despite increased UK national insurance and living wage costs.

Back in November, ahead of the UK government budget, Genuit had lowered guidance for underlying operating profit to range from GBP92 million to GBP95 million, compared with GBP95 million to GBP99 million previously.

In 2025, the company reported that underlying operating profit was GBP94.4 million, up 2.4% on-year and "broadly flat on a like-for-like basis".

By Holly Munks, Alliance News reporter

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