The group’s 2026 performance indicated momentum in its infrastructure and construction businesses, with revenue rising by 7.5%, adjusted operating profit increasing by 6.7% and order book seeing a growth of 8.2%. The order book grew 8% to £11.9 billion at 30 June 2026. In June 2025 it was £11.0 bn, and in December 2025 it was £11.6 bn.

Kier also announced that from the fiscal year 2027 it will no longer be investing in new property developments, with capital re-allocated to boost the group’s balance sheet. 

The process will be carried out through controlled means, with timing and value taken into consideration. 

The group reported a strong balance sheet with year-end net cash at £232 million, showing a 13.9% increase year-on-year.

The group has also announced new growth targets and a new strategic framework made to deliver annual double-digit growth in earnings per share and an average net cash position of more than £200 million by 2029. 

The new vision is centred around growth, resilience and performance, with areas where the group can see big potential in infrastructure delivery forming its key priorities. 

The water, energy, defence and healthcare sectors are particularly anticipated to bring major revenue growth over the next three years for the group. 

Stuart Togwell, chief executive at Kier, said: “I am pleased to report that Kier has delivered another year of strong performance, achieving good revenue and profit growth. 

“We continued to strengthen the Group’s financial profile, reaching an average net cash position for the first time in over a decade, a significant milestone to build upon.”

Togwell added: “In my first year as chief executive officer, we have also made important operational and structural changes, strengthening the depth of the executive team and further aligning the Group to the significant growth opportunities ahead.”