Renew Holdings PLC (RNWH.L), an engineering services provider, on Tuesday reported a decline in pre-tax income for the full year, mainly due to higher costs and expenses. However, the company registered an increase in revenue.
For the 12-month period to September 30, the company reported a pre-tax income of GBP 56.666 million, less than GBP 60.224 million in the same period last year. Adjusted pre-tax income stood at GBP 68.137 million as against the prior year's GBP 69.927 million.
Net profit stood at GBP 48.814 million, or 61.66 pence per share, compared with GBP 41.571 million, or 52.51 pence per share, a year ago. This increase in net profit was due to a profit from discontinued operations of GBP 4.404 million, compared with a loss from discontinued operations of GBP 2.440 million last year.
Operating income moved down to GBP 60.613 million from last year's GBP 61.171 million.
Administrative expenses stood at GBP 103.515 million as against GBP 84.459 million a year ago. Cost of sales moved up to GBP 919.525 million from GBP 867.306 million in 2024.
Revenue was GBP 1.116 billion, up from the previous year's GBP 1.056 billion.
The Board will pay a final dividend of 13.33 pence per share, bringing the total dividend for the year to 20 pence per share, higher than the prior year's 19 pence per share. The final dividend will be paid on March 20, 2026, to shareholders on the register as of February 13, 2026.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.