Firm says annual results will be at top end of expectations’ when published in September
Kier strengthened its balance sheet last year as the firm said its order book was now approaching £12bn.
In an upbeat trading update this morning, the contracto said it expects to report an average month-end cash position of around £11m in the year to June, from a £49m net debt last time.
It added that its year-end cash position will be around £232m, up from £204m in the year to June 2025.
It said that its order book at the year-end was up 8% to £11.9bn with the firm saying that 90% of revenue for its current year had already been booked in, adding that turnover for its 2026/27 financial year is set to be around £4.4bn.
Chief executive Stuart Togwell said: “Following our strong start to the year we have seen further good momentum through the second half such that we now expect the outcome for FY26 to be at the top end of market expectations.
“We have also seen a notable increase in our order book, which continues to provide excellent revenue visibility, comprising substantial high quality opportunities across critical UK infrastructure.”
The firm is due to announce its full-year results on 15 September.
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