Ashtead Group PLC (LSE:AHT) has released its full-year audited and fourth-quarter unaudited financial results for the fiscal year ending April 30, 2025. While overall revenue saw a modest 1% decline due to reduced sales of used equipment, the company reached a new milestone in rental revenue, which grew by 4%. Additionally, adjusted EBITDA rose by 3%, underscoring the strength of Ashtead’s core operations.
The group allocated $2.4 billion toward capital expenditures to support its continued growth initiatives and reported an impressive free cash flow of $1.8 billion—one of the highest in its history. Ashtead continues to benefit from favorable trends in the non-residential construction sector and large-scale infrastructure projects. The company’s Sunbelt 4.0 strategy is a central pillar of its expansion, with 61 new locations added under this plan.
Looking ahead, Ashtead is preparing to transition its primary stock market listing to the United States by early 2026, a move aligned with its long-term growth objectives and market presence.
Financially, Ashtead remains in robust shape, demonstrating strong profitability and effective cash flow management. Its ongoing investments and active share repurchase program further strengthen its competitive position. While the company faces minor headwinds in certain market segments, its overall outlook remains optimistic.
About Ashtead Group
Ashtead Group PLC is a major player in the equipment rental industry, primarily operating under the Sunbelt Rentals brand. The company provides a comprehensive range of rental equipment and services to customers across construction, industrial, and specialized markets. It has a strong operational footprint in North America and the United Kingdom.
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