Rentokil Initial Sees Revenue Rise, Maintains Positive Outlook

Rentokil Initial plc (LON: RTO) issued a third-quarter trading update, revealing a 4.6% increase in Group Revenue, reaching $1,810 million. Organic Revenue growth stood at 3.4%, driven by strong performance in North America and International markets.

The company reaffirmed its expectation to deliver FY 2025 financial results in line with market forecasts.

North America continues to be a key growth driver for Rentokil. Revenue in the region grew by 4.6%, with Organic Revenue up 3.4%. Notably, North America Pest Control Services saw Organic Revenue growth of 1.8%, a significant improvement from 0.1% in the first half of 2025. Business Services also demonstrated positive momentum, with Revenue growth of 14.4% (11.9% Organic).

The company's focus on customer and colleague retention is yielding positive results. Colleague Retention reached 81.8% at the end of Q3, marking 11 consecutive quarters of growth.

Customer Retention also improved to 80.9%, benefiting from the ongoing ‘Drive to 85' program. Strong pricing discipline, with price increases slightly above inflation, has also contributed to revenue growth.

Rentokil's expansion strategy in North America is progressing as planned. The company is on track to reach 150 satellite branches by the end of the year, with 139 already in operation. These branches are enhancing local presence and improving lead generation. The door-to-door sales pilot, tested in 25 sales territories, will be rolled out more widely in 2026.

International markets also contributed to Rentokil's positive performance. Revenue grew by 4.6% with Organic Revenue growth of 3.3%, up from 2.7% in H1.

The UK market showed particular strength, with continued solid performance in core Pest control and Plants businesses, and an improved performance from Property Services. Europe, particularly southern Europe, also contributed to growth.

Andy Ransom, Chief Executive of Rentokil Initial plc, said, “We are encouraged by our performance in the third quarter as the overall positive trends we described at our interim results have continued into the second half.”

Rentokil’s M&A activity continues to add value. The Group completed three bolt-on acquisitions in the quarter, delivering annualised revenue of $4 million.

Year-to-date, Rentokil has completed 21 deals with annualised revenue of $39 million. The sale of the France Workwear business completed on September 30, 2025, generating net cash proceeds of $435 million. Net debt at the end of the quarter stood at $3,865 million. Fitch Ratings reaffirmed the company's BBB (stable) rating.