- Nexus Infrastructure
- 23 October 2025 16:25:26
Source: Sharecast
The AIM-traded group said Tamdown, its civil engineering subsidiary, ended the financial year with a significantly higher order book, up 62% to £83.4m from £51.5m, despite continued challenges in the housing market.
Nexus said it also expected to post a reduced loss before tax for the 2025 financial year, reflecting improved operational performance and tighter cost control.
“At the end of 2023, we set out our three strategic objectives to stabilise operations and to plot a new path for the group, re-introducing growth and begin the journey back to profitability,” said chief executive Charles Sweeney.
“Since then, we have experienced some challenging market conditions, but we have grown, our margins have continued to improve, and our order book has significantly increased over that 24-month period from £46.0m to £51.5m and now to £83.4m.
“There is still some way to go, but we remain on track and look forward to the opportunities ahead.”
Coleman, which Nexus acquired during the year for a total consideration of £4.1m, was now fully integrated into the group and operating mainly in the water and rail sectors.
Nexus said the business had already made a positive contribution to margins and was well positioned ahead of the AMP8 investment cycle, which would see UK water companies invest more than £104bn through to 2030.
The group reported a strong balance sheet with £10.9m in cash at year-end, compared with £12.8m in 2024, after acquisition costs and the settlement of intercompany loans.
Nexus also noted progress in reducing trade debtors and retentions.
While the UK housebuilding sector had seen modest recovery over the past year, Nexus said a material increase in new housing output was still required to meet government targets.
The company said it expected its exposure to infrastructure investment, particularly in water and environmental projects, to underpin growth in the 2026 financial year and beyond.
At 1155 BST, shares in Nexus Infrastructure were up 5.71% at 129.5p.
Reporting by Josh White for Sharecast.com.
