Story
Restore Lifts H1 Revenue 21% on Organic Growth and Acquisitions
Summary
UK business services provider Restore PLC reported a 21% increase in revenue for the first half of 2026, driven by strong performance in its Information Management and Technology divisions. The company also raised its adjusted earnings per share by 24% and reaffirmed its full-year profit outlook.
Restore PLC (LSE:RSTP), a UK-based provider of business services, announced a 21% increase in revenue to £175.40 million for the first half of 2026. The company attributed the growth to an equal mix of organic expansion and contributions from recent acquisitions.
First-Half Financials
In its report, Restore detailed several key performance indicators for the six-month period, highlighting broad-based profit growth and shareholder returns.
- Adjusted Pretax Profit: Rose to £22.30 million.
- Adjusted Earnings Per Share (EPS): Increased by 24% year-over-year to £0.04.
- Statutory Pretax Profit: Reported at £7.40 million.
- Net Debt: Stood at £122.50 million at the period's end.
Restore also continued its share buyback program, purchasing £4.6 million worth of its own shares during the first half of the year, the company stated.
Divisional Performance
AdThe company's growth was underpinned by strong results from its primary business units. The Information Management division saw its revenue climb by 26%, benefiting from stable storage volumes, inflation-linked pricing adjustments, and new project wins.
Meanwhile, Restore's Technology division doubled its operating profit compared to the same period in the prior year. The company credited this improvement to a strategic focus on high-value IT recycling markets and the implementation of enhanced internal systems.
Outlook
Looking ahead, Restore management expressed confidence for the remainder of the year. The company expects its full-year 2026 adjusted profit before tax to be at least in line with current market expectations.
Restore anticipates that its combination of recurring revenues, strong cash generation, and a dual strategy of organic and inorganic growth will continue to drive revenue and profit expansion.
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