Kier flags opportunities from UK infrastructure and cash progress

(Alliance News) - Kier Group PLC on Tuesday said it continued to trade well in the first half of the financial year with estimated full year performance in line with expectations.

The Manchester, England-based infrastructure services, construction and property investment business said its order book at the end of 2025 of GBP11.6 billion, up from GBP11.0 billion on-year, remains at record levels.

Around 94% of full-year revenue is estimated to be secured, providing a "high degree of visibility", Kier added.

The FTSE 250 listing said it expects a net cash position at the end of December "substantially" above the prior year comparative of GBP58 million.

While looking ahead, Kier said investment plans in the UK government's 10-year infrastructure strategy provide "significant growth opportunities".

"We performed strongly in the first half of FY26, in line with our expectations, taking good momentum into the second half of the year. In particular, the achievement of an average net cash position for the period represents a significant milestone and is testament to our culture of operational delivery and focus on working capital management," said Kier Chief Executive Stuart Togwell.

Shares in Kier were down 1.1% at 219.50 pence each in London on Tuesday.

By Jeremy Cutler, Alliance News reporter

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