On Wednesday, Vp PLC (VP.L), a rental and leasing company for housebuilding, reported a loss in fiscal 2026, compared to a profit in 2025. The slip to loss was attributable to higher net exceptional items and operating expenses and lower revenues. Further, the company expects trading in the new financial year to be in line with current market expectations.
On the London Stock Exchange, the shares were trading 2.72 percent lower at 465.00 pence.
Looking forward for 2027, the Group expects an improvement in year-on-year trading driven by the restructure of Brandon Hire Station, investment in its digital roadmap and improved demand across markets in infrastructure.
Vp compiled analyst consensus for the new year include revenue of 352.1 million pounds and adjusted profit of 33.1 million pounds.
For fiscal 2026, loss before tax was 7.05 million pounds, compared to a profit of 21.72 million pounds in 2025.
Loss after tax for the period was 5.43 million pounds, in comparison with profit of 14.45 million pounds a year ago. Loss per share was 13.8 pence, compared to profit per share of 36.5 pence a year ago.
The loss was mainly attributable to the net exceptional items of 30 million pounds in 2026, compared to that of 10 million pounds last year.
Adjusted profit before tax went down to 26.96 million pounds from 36.67 million pounds in 2025. Adjusted basic earnings per share decreased to 54.5 pence from 66.8 pence a year ago.
Administrative expenses rose to 87.19 million pounds, from 65.42 million pounds last year.
Adjusted EBITDA went down to 78.03 million pounds from 90.60 million pounds in the previous year.
Total revenue for the current year went down to 358.28 million pounds from 379.96 million pounds in the prior year.
Furthermore, the company's board of directors proposed an unchanged final dividend of 28 pence, which gives the total dividend of 39.5 pence, same as in 2025. The dividend is expected to be paid on August 5, to members registered as of June 19.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.