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Costain H1 2026 slides: revenue inflects, £7bn pipeline drives growth

Costain H1 2026 slides: revenue inflects, £7bn pipeline drives growth

Costain Group, a British infrastructure contractor, reported its first-half 2026 results on August 13, signaling a key inflection point after a period of revenue consolidation. The company maintained its record £7 billion forward work position, projecting growth in the second half of 2026 and 2027 as major projects transition from design to construction.

Revenue grew 3.4% to £543.1 million, while adjusted operating profit increased 3.0% to £17.3 million, maintaining a stable 3.2% margin. Adjusted basic earnings per share rose 3.6% to 5.7 pence. The company's net cash position strengthened to £164.4 million, reflecting shareholder returns despite temporary declines in Transportation revenue.

Costain's CEO, Alex Vaughan, highlighted the company's strategic transformation and position for accelerated growth.

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