New contract wins support growth visibility for Kier

In a trading update issued this morning, the construction giant said its order book, slightly lower at £11.7 billion in September (June 2026: £11.9 billion), would rise from the new work.

During the year, the group won contracts across its targeted growth sectors, which included:

• A joint venture with Bam to deliver a £600m programme of works at Devonport Royal Dockyards 10 Dock in Plymouth.
• Around £100 million worth of water contracts secured across Thames Water, Yorkshire Water and Severn Trent.
• Contract to deliver the Sizewell Link Road, through Sizewell C’s Major Civils Framework
• The development of a new H50 high containment bioscience facility at the UK Health Security Campus in Harlow, part of a wider £3.5 billion programme in Harlow, Essex.

These frameworks are also anticipated to provide future bidding opportunities across the group’s core markets, such as Pagabo National Framework for Civil Engineering, Infrastructure and Enabling Works worth up to £5 billion and Thames Water Major Projects Framework valued at £4.8 billion.

Strong cash generation also remains a priority for Kier as it enters the next quarter, with the group targeting more than £200 million of average monthly net cash by the end of FY29.

Stuart Togwell, chief executive, said: “Recent new contract wins underpin visibility for the remainder of FY27 and beyond, while consistently strong cash generation continues to strengthen the balance sheet as we progress towards our target of more than £200m of average monthly net cash by the end of FY29. Our priorities remain clear: disciplined execution, delivery against our financial targets and sustainable value creation for shareholders.”

For FY26, revenue rose to £4.35 billion (FY25: £4 billion), supported by an increase in the company’s operating profit to £118.7 million (FY25: £113.7 million).