Kier hits net cash milestone as record order book underpins FY26 outlook

Kier Group plc ( (GB:KIE) ) just unveiled an announcement.

Kier Group plc reported that trading for the six months to 31 December 2025 was in line with expectations, with its order book rising to a record £11.6bn and around 94% of forecast FY26 revenue already secured, underpinning strong revenue visibility. The group achieved a key balance-sheet milestone by delivering an average month-end net cash position of about £15m, a sharp improvement from net debt a year earlier, and expects to report a significantly higher period-end net cash figure than the prior year. Recent contract wins span British Airways’ Better Buildings framework, Southern Water’s AMP8 programme, an extension at Hinkley Point C, major education projects, and the Government Property Agency hub in Darlington, while property operations secured planning for a Manchester industrial scheme and completed a logistics development in Milton Keynes. Kier has also consolidated its Transportation and Natural Resources, Nuclear & Networks units into a single Infrastructure division to capitalise on UK government infrastructure spending, and strengthened its leadership team with the appointment of Tom Hinton as CFO and Martin Staehr as managing director of Construction, moves that position the group for the next phase of growth.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £245.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Spark’s Take on GB:KIE Stock

According to Spark, TipRanks’ AI Analyst, GB:KIE is a Outperform.

Kier Group plc’s strong earnings call and financial performance are the primary drivers of its stock score. Positive technical indicators and reasonable valuation further support the score, despite concerns over high leverage.

To see Spark’s full report on GB:KIE stock, click here.

More about Kier Group plc

Kier Group plc is a leading UK infrastructure services, construction and property group, providing specialist design-and-build capabilities and project management expertise across sectors including transport, education, healthcare, justice, defence, water, energy, aviation and nuclear. The company leverages its technical skills and intellectual capital to deliver and integrate complex projects for public- and private-sector clients across the UK.

Average Trading Volume: 1,538,380

Technical Sentiment Signal: Buy

Current Market Cap: £939.9M

See more data about KIE stock on TipRanks’ Stock Analysis page.