FY25 results were in line with reduced expectations; however, after a particularly tough 1H, conditions in 2H stabilised and saw improved revenues, and 2H profit offset 1H losses. The current year has started well assisted by strong order intake in FY25 with a broader base of more, smaller projects. 1Q shows a significant pick up in run rate pointing to being on track with FY26 expectations. We therefore make no change to FY26 trading forecasts and introduce FY27 forecasts, with strong growth dr ....
