Kier Group’s (LON: KIE) share price has climbed sharply on Tuesday after the infrastructure and construction group reported strong full-year results and raised its expectations for the coming financial year.
The stock climbed as much as 2.9% intraday, touching a high of 260p, before settling around 255.2p, up from the previous close of 248p.
The move extended a recovery from earlier in the month, when shares had drifted to a low of 240p on 10 and 11 September, having traded above 250p at the start of September.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Kier’s results for the year ended 30 June 2026 showed revenue up 7.5% to £4.39bn, with adjusted operating profit rising 6.7% to £169.8m and margins held at 3.9%. Operating free cash flow reached £206m, representing 121% cash conversion, well above the group’s 90% medium-term target.
Kier also reported an average net cash position of £10.7m for the year, its first such milestone in over a decade, compared with average net debt of £49.2m in FY25. Year-end net cash rose 13.9% to £232m.
The board proposed an 8% increase in the full-year dividend to 7.8p and confirmed its £25m share buyback, launched in March, was over 30% complete.
Investors appeared encouraged by management’s guidance that FY27 earnings would land at the top end of prior expectations, supported by a record £11.9bn order book, up 8% year-on-year, and framework positions of around £200bn. Kier also unveiled updated medium-term targets, including double-digit adjusted EPS growth and average net cash above £200m by FY29.
