**Summary of Keller Group PLCs Interim Results for the Half Year Ended 30 June 2025**
Keller Group PLC, the worlds largest geotechnical specialist contractor, reported its interim results for the first half of 2025, showcasing a strong performance ahead of market expectations. Despite a slight decline in revenue to £1,457.7 million (from £1,489.8 million in H1 2024), the company maintained robust underlying operating profit at £102.6 million, with a margin of 7.0%. Key highlights include
1. **Financial Performance**
Revenue decreased by 2% but increased by 1% on a constant currency basis.
Underlying operating profit declined by 9% (6% in constant currency) due to normalization in North America, particularly at Suncoast, but was offset by growth in Europe, Middle East (EME), and Asia-Pacific (APAC).
Net debt reduced to £61.5 million (IAS 17 basis), driven by a £25 million share buyback and increased working capital investment.
Dividend per share increased by 10% to 18.3p.
2. **Operational Highlights**
Strong order book sustained at £1.6 billion.
Successful completion of an initial £25 million share buyback, with plans for an additional £25 million tranche in H2.
Improved safety metrics, with an Accident Frequency Rate reduced to 0.04.
3. **Regional Performance**
**North America**Revenue slightly ahead at £867.8 million, but profitability declined by 20.5% due to pricing normalization at Suncoast and Foundations.
**EME**Revenue stable at £408.3 million, with significant profit growth to £14.6 million, driven by improved project execution.
**APAC**Revenue increased by 2.9% to £181.6 million, with profit growth of 36.3% to £13.9 million, led by Keller Australia and Austral.
4. **Strategic Developments**
James Wroath appointed as Chief Executive Officer, effective 18 August 2025.
Continued focus on sustainability, with progress toward net-zero emissions by 2050.
5. **Outlook**
Full-year 2025 expectations maintained despite anticipated FX headwinds, supported by a strong order book and healthy tendering pipeline.
Plans to increase the interim dividend and launch an additional share buyback in H2.
Overall, Keller Group demonstrated resilience and strategic focus, positioning itself for continued growth despite macroeconomic challenges.