Leeds-based engineering services and infrastructure group Renew Holdings plc said its “group order book development continues at record levels to £908m” as it reported that revenue increased 13% to £569.3 million in the six months ended March 31, 2025.

First-half profit before tax rose 5% to £31 million and intermim dividend increased 5.4% to 6.7p.

In its outlook, the firm said: “Given the mission-critical nature of our services and our record order book, bolstered by our diversified and resilient business model, we remain uniquely positioned to capitalise on the significant growth opportunities in each of our end markets.

“As a result, the Group remains confident in its ability to navigate current headwinds and deliver against revised full year expectations.

“We continue to have an active M&A pipeline guided by a well-established criteria and further supported by robust acquisition processes and a strong balance sheet.” 

Renew CEO Paul Scott said: “The Group has delivered a financial performance in line with revised expectations. To have achieved this, despite unprecedented delay and deferment within certain Rail renewals programmes, serves to demonstrate the resilient and increasingly diverse nature of our business model.

“The past six months has been a transformational period for the business as we successfully executed against our strategy of securing routes to new growth markets and focusing our activities exclusively on Engineering Services.

“I am pleased to welcome Full Circle to the Group which operates in the exciting, fast growing, Renewable Energy sector. Our increasingly diverse portfolio across our four pureplay engineering sectors and the increasingly impactful collaboration between our brands further enhances the resilience of our model.”