Keller Group H1 Revenue Rises 11% on Record North American Performance

Keller Group PLC reported an 11% year-over-year revenue increase for the first half of 2026, driven by a record performance in its North American division amid strong demand from infrastructure and data center projects. The UK-based geotechnical contractor also posted a significant rise in earnings and reaffirmed its full-year guidance.

First-Half Financials

For the six-month period, Keller announced revenue of £1.61 billion. The company's profitability also saw robust growth, with adjusted earnings per share (EPS) climbing 22%. This increase was attributed to higher profits and the impact of an ongoing share buyback program.

Key figures from the report include:

• Operating Profit: £112.5 million
• Adjusted Operating Profit: £117.9 million
• Pretax Profit: £103.3 million

Keller launched a £100 million share repurchase program in March and has completed £35 million of the buybacks to date, according to the announcement.

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Regional Strength and Record Orders

The company's North American operations were the primary growth engine, delivering record revenue and profit. Keller cited high levels of activity in the infrastructure and data center markets, combined with strong project execution, as key drivers. Performance also improved in its Europe and Middle East division, which saw better margins and profit growth.

Looking ahead, Keller reported a record order book of £1.9 billion. The company stated this backlog, which is supported by major multi-year infrastructure contracts, will underpin revenue for the second half of the year and beyond.

Full-Year Outlook

Based on its first-half performance and robust order book, Keller said it expects its full-year 2026 results to align with recently upgraded market expectations. Current company-compiled consensus forecasts project full-year revenue of £3.34 billion and underlying operating profit of £242 million.