Renew Holdings AIM:RNWH
- Founded
- Leeds, England
- Incorporated
- United Kingdom
- Chief executive
- Paul Scott
- Employees
- 4,583
- Reports in
- GBP
- Companies House
- 00650447
Engineering services group providing maintenance and renewal of the UK's critical infrastructure through directly delivered frameworks in rail (AmcoGiffen), water, energy, environmental and highways markets, plus nuclear decommissioning. Non-discretionary, regulation-driven spend gives unusually resilient revenues.
Read straight from the annual reports
975p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201509/15 | FY201609/16 | FY201709/17 | FY201809/18 | FY201909/19 | FY202009/20 | FY202109/21 | FY202209/22 | FY202309/23 | FY202409/24 | FY202509/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 543.7 | later 848.2 | ||||||||||
| Gross profit | later 62.6 | later 128.6 | ||||||||||
| Operating profit | later 20.1 | later 57.7 | ||||||||||
| Adjusted operating profit | later 28.4 | later 62.4 | ||||||||||
| Exceptional items | — | later 6.0 | vs 1.7 | later 0.56 | ||||||||
| Net finance cost | vs 0.77 | later 0.82 | vs 0.52 | later 0.93 | ||||||||
| Profit before tax | later 19.8 | later 56.8 | ||||||||||
| Adjusted profit before tax | later 61.5 | |||||||||||
| Tax charge | later 4.5 | later 10.7 | ||||||||||
| Profit for the year | ||||||||||||
| EBITDA | ||||||||||||
| Adjusted minus statutory PBT | ||||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | ||||||||||||
| Dividend per share | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.
Long-term regulated framework agreements (Network Rail CP7, AMP8 water, RIIO-ED2/T3 energy, RIS3 highways)
Group revenue driven by committed, long-term regulatory spending programmes; UK Government 10-year Infrastructure Strategy of £725bn
page 6Engineering Services order book
Order book of £915m at 30 September 2025 (2024: £889m), described as a good indicator of workload visibility
page 29Directly employed workforce reducing sub-contractor pricing volatility
Our directly employed workforce enables us to provide a more efficient and valuable service to our clients, reducing our exposure to sub-contractor pricing volatility
page 13Short-duration contracts with commercial terms protecting against inflation
The commercial terms and short project durations within our frameworks mean we can proactively and effectively manage cost inflation enabling us to maintain strong margins
page 13With a record order book, increasingly diversified business model and the clear revenue visibility afforded to us by committed regulatory spending cycles, we remain confident in our future success and ability to deliver against our FY26 expectations.
page 12On 9 October 2025 Excalon Holdings Ltd (wholly-owned subsidiary) acquired 100% of Emerald Power Ltd, a specialist in overhead line maintenance/upgrade for electricity DNOs, for total cost of up to £12.3m (£7.8m initial cash consideration plus up to £4.5m deferred conditional consideration payable 2026/2027)
page 160Progressive dividend policy; full year dividend of 20.0p per share (2024: 19.0p), a 5.3% increase, comprising interim 6.67p and proposed final 13.33p (subject to shareholder approval, to be paid 20 March 2026); dividend cover 3.47x (2024: 3.60x)
page 159Directors adopted the going concern basis, reviewing the period to 31 December 2026; RCF extended to £140.0m in October 2025 (committed to October 2029); reverse stress testing showed no plausible scenario leading to covenant breach. Auditor Ernst & Young LLP issued an unqualified opinion; key audit matter was revenue recognition on fixed price/target cost and reimbursable contracts (£1,080.9m revenue); Group materiality was £3.0m (5% of adjusted PBT)
page 125- Major accident or hazard - potential for personal/environmental harm, operational loss, regulatory/legal or financial penalties, or reputation lossp.78
- Loss of a major customer - concentration in fewer, larger clients (one customer at 36.8% of revenue) could result in financial and reputational consequencesp.78
- Major project loss - could result in significant financial loss; legacy risk from discontinued operations (Allenbuild)p.79
- Availability of key skills - resource pool could be impacted by competing UK infrastructure programmes, resulting in lost revenuep.79
Read from C001086-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 5 Dec 2026