Renew Holdings plc (LSE:RNWH) said trading in the first quarter has been in line with expectations, supported by strong positions on key frameworks and a record order book. As at 31 December 2025, the group’s order book stood at £924m, up from £905m a year earlier, providing increased revenue visibility.
In a statement ahead of its annual general meeting, Renew also pointed to the strength of its balance sheet and an active acquisition pipeline focused on its core growth markets. The recently acquired Emerald Power has integrated well and is trading in line with expectations, reinforcing management’s confidence in the group’s ability to execute its buy-and-build strategy.
The board said Renew remains well positioned to benefit from long-term structural growth in regulated UK infrastructure markets, underpinned by non-discretionary spending and long-term funding visibility. A further trading update is scheduled for 1 April 2026.
Overall, the outlook is supported by consistent revenue growth, disciplined cash management and a reasonable valuation, including a moderate dividend yield. While technical indicators suggest some short-term share price weakness, management believes the fundamentals provide scope for a potential rebound over time.
More about Renew Holdings plc
Renew Holdings plc is a leading UK engineering services group providing essential maintenance and renewal services across the nation’s infrastructure. Through a portfolio of independently branded subsidiaries, the group operates in regulated markets including rail, wider infrastructure, energy—particularly wind and nuclear—and environmental services. Its activities are supported by a directly employed, highly skilled workforce and long-term, visibility-backed funding streams.
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