Restore plc (LSE:RST) delivered a strong first-half performance in 2026, with revenue increasing 21% to £175.4 million and adjusted earnings per share rising 24%. The growth was supported by a combination of organic expansion and acquisitions. Information Management was the standout performer, recording revenue growth of 26%, while the Technology division returned to stronger trading. Improved profitability and reduced leverage, which fell to 1.7x, enabled the company to increase its interim dividend while continuing to invest in future growth initiatives.
During the period, Restore completed four strategic bolt-on acquisitions and continued progressing its £20 million share buyback programme, repurchasing £4.6 million of shares in the first half. The group also advanced the consolidation of its Information Management property portfolio, a move expected to generate further cost efficiencies. With every division performing at or above management expectations and robust cash generation supporting both acquisitions and shareholder returns, the company expects to deliver full-year profits in line with current market forecasts. Restore also confirmed that a planned leadership transition will take place in early 2027.
The company’s outlook remains balanced. While recurring cash generation continues to provide financial flexibility, profitability has been subject to periods of inconsistency and leverage remains at a moderate level. Technical indicators offer a mixed picture, with no clear momentum trend emerging. Valuation also remains a consideration, as the shares trade on a relatively high price-to-earnings multiple, although this is partially supported by the company’s dividend yield.
About Restore plc
Restore plc is a UK-based provider of secure and sustainable business services specialising in the management of data, information, communications and physical assets. The company operates across several divisions, including Information Management, Datashred and Technology, with recurring revenues supported by long-term document storage services and steady demand for secure shredding and information management solutions.
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