Restore plc (LSE:RST) delivered a strong performance in 2025, with revenue rising 27% to £304.7 million and adjusted operating profit increasing 18% to £55.5 million. The results pushed the company’s adjusted operating margin above its medium-term target of 20%.
Growth was largely driven by acquisitions, including the purchase of Synertec and six additional bolt-on deals completed during the year. Adjusted earnings per share rose 23%, enabling the board to increase the dividend by 19%.
The company also announced a £20 million share buyback programme to be executed over the next 12 months. The move is supported by free cash flow of £42.9 million and leverage of 1.9 times, which remains within the group’s target range despite higher net debt following its acquisition activity.
Strategically, Restore made several changes to its portfolio and operations during the year. These included the disposal of Harrow Green, further integration of its digital and physical storage capabilities and progress on a property consolidation programme. The group also restructured its technology lifecycle services and shredding divisions. Management said these initiatives position the business to maintain operating margins above 20% while continuing to pursue growth opportunities.
Looking ahead, Restore’s outlook is supported by solid financial performance, strong cash generation and operational improvements. However, technical indicators point to the possibility of overbought market conditions, while the relatively high price-to-earnings ratio may raise valuation concerns. Limited data from earnings calls or recent corporate events provides fewer additional signals for investors.
More about Restore
Restore plc is a UK-based provider of secure and sustainable business services focused on managing data, information, communications and assets. The company operates across digital and physical information management, document shredding and technology lifecycle services. Following recent acquisitions, it has also expanded its presence in inbound and outbound communications services.
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