Ashtead Group PLC (LSE:AHT) released its unaudited results for the half year and second quarter ended 31 October 2025, reporting slight top-line progress. Total revenue increased 1%, while rental revenue edged up 2%. Operating profit softened, reflecting one-off expenses tied to the company’s US relisting plans and restructuring activities in the UK. Even so, Ashtead generated solid free cash flow, supporting continued shareholder distributions through dividends and buybacks. The group reiterated its full-year outlook and unveiled a fresh $1.5 billion share repurchase initiative as part of its broader strategy to secure a NYSE listing.
Ashtead’s resilient financial delivery and reaffirmed guidance underpin a steady near-term outlook. Still, technical signals hint at potential downward pressure, and management cautioned on operational hurdles that could shape performance ahead. Valuation appears reasonable, with a moderate dividend yield adding an element of income support.
More about Ashtead
Ashtead Group PLC is a major player in the equipment rental market, operating largely under the Sunbelt Rentals banner across North America and the UK. The business provides a broad portfolio of general and specialty equipment rental solutions to customers spanning construction, industrial, and commercial sectors.
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