Kier Group (LSE:KIE) reported a 7.5% increase in revenue to £4.39 billion for the year ended 30 June 2026, while adjusted operating profit rose 6.7% to £169.8 million.
The UK infrastructure and construction group reported an adjusted operating margin of 3.9%, unchanged from the level implied by the reported figures. Average net cash was £10.7 million during the year, while year-end net cash reached £232 million.
Operating free cash flow was £206 million. Kier increased its full-year dividend by 8% and is also carrying out a £25 million share buyback.
The group’s order book increased 8% to £11.9 billion. Kier said more than 95% of its expected revenue for the 2027 financial year and more than 70% for FY28 has been secured.
Contract awards include Hinchingbrooke under the New Hospitals Programme, work on East West Rail and projects involving Greater Manchester stations.
Kier Updates Medium-Term Financial Targets
Kier has simplified its divisional structure and identified growth, resilience and performance as its three strategic priorities. The group has also stopped making new investments in Property development.
As part of its updated medium-term targets, Kier is aiming for mid-single-digit revenue growth, higher margins and average net cash of more than £200 million by FY29. It is also targeting double-digit growth in adjusted earnings per share.
Kier Group Operations
Kier operates across UK infrastructure and construction markets, undertaking public and private-sector projects in areas including healthcare, water, defence, energy, education and transport.
The group participates in a range of frameworks and delivers infrastructure and construction projects across different stages of the project lifecycle.
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