NEXUS INFRASTRUCTURE PLC - Half Year Results

Nexus Infrastructure PLC delivered a positive investor update for HY26, highlighting continued progress in its turnaround and growth strategy despite challenging market conditions and macroeconomic uncertainty. Group revenue increased 5.6%, supported by strong performance across both the housing infrastructure business, Tamdown, and water and rail specialist Coleman, while gross margins improved to 15.1% and the operating loss narrowed significantly. The company reported a robust £88 million order book, reflecting sustained demand from long-term multi-phase housing developments and growing opportunities in the AMP8 water infrastructure programme. Management emphasized strong momentum entering H2, with site activity accelerating sharply following weather disruption earlier in the year and continued growth in tender submissions. Coleman’s exposure to the water sector is expected to drive higher-margin revenue growth as AMP8 activity ramps up in late 2026. Nexus also maintained a strong balance sheet, with £8.5 million cash and net assets of £26.2 million, while continuing its shareholder returns policy through a 1p interim dividend. Although management acknowledged potential risks from ongoing Middle East geopolitical tensions and inflationary pressures, the company remains confident in meeting market expectations through disciplined cost control, operational flexibility, and strategic diversification. The presentation reinforced Nexus Infrastructure’s focus on revenue growth, EBITDA improvement, margin expansion, and long-term shareholder value creation.