For the year to 28 February 2026, the group’s statutory turnover rose 65% to £239 million, up from £145.2m the previous year. Statutory pre-tax profit nearly doubled to £9.5m, up 88% on the prior year’s £5.0m, with the pre-tax margin improving from 3.5% to 4.0%.

Because several acquired businesses were only part of the group for a portion of the year, Cardo also published unaudited full-year figures to reflect its current scale. On that basis, turnover reached £314m and pre-tax profit came to £15.4m (up from £8.1m a year earlier). EBITDA more than doubled to £31.6m, from £13.7m.

The group completed seven acquisitions or asset purchases during the year as it broadened its regional footprint and service range. Deals included Breyer Group’s roofing division, the assets of energy-services firms SERS Scotland and SERS Group in Wales, CTS Projects and CTS Projects Ireland (which extended Cardo’s reach into Northern Ireland and the Republic of Ireland), Scottish roofing specialist Faskin Group, passive-fire specialist Gunfire, and Trident Maintenance Services.

Together, the acquisitions strengthened Cardo’s capabilities across energy, roofing, passive fire safety, and cyclical and planned maintenance.

The group also ended the year in a stronger cash position, with cash rising to £15.1m from £9.9m.

Chief executive Liam Bevan said the year reflected the scale of ambition set out when the company was founded in 2012, crediting the growth to strong organic growth alongside consistently high contract renewal rates and a strong run of new business wins.

Expansion has continued since the year end, with Cardo completing further acquisitions of EFS Systems, R Lewis and Correct Contract Services this summer. The group is now targeting £500m in revenue for FY27.