Keller Group (LSE:KLR) achieved record results in 2025, reporting a 3.4% increase in revenue to £3.09 billion. Underlying operating profit rose 2.6% to £218.2 million, sustaining a margin of 7.1% despite currency pressures and varied regional trading conditions.
The group generated its strongest return on capital in 17 years at 30.7% and moved into a net cash position for the first time in over a quarter of a century. Its order book remained solid at £1.5 billion, supported by robust contributions from North America, EME and APAC operations.
Reflecting structurally improved cash generation, Keller increased its total dividend by 41.6% to 70.4 pence per share and announced plans for a further £100 million share buyback. The enhanced capital returns signal management’s confidence in the durability of earnings and future cash flows.
New chief executive James Wroath reaffirmed the company’s strategic priorities, which include expanding local market share, targeting higher-growth end markets and maintaining investment in people, safety standards and sustainability initiatives. The group aims to capitalise on long-term themes such as infrastructure investment and the global energy transition.
From an investment standpoint, Keller’s strong revenue growth, profitability and disciplined cash management underpin a constructive outlook. Technical indicators point to bullish momentum, while valuation metrics suggest the shares may offer relative value. The announced buyback programme further reinforces shareholder return prospects.
More about Keller Group plc
Keller Group plc is the world’s largest geotechnical specialist contractor, delivering advanced foundation engineering and ground-improvement solutions to the global construction industry. Employing around 10,000 people across five continents and completing approximately 5,500 projects annually, the company generates roughly £3 billion in revenue from infrastructure, residential and commercial markets.
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