Keller Group PLC delivered a strong financial performance in 2025, reporting revenue of £3.09bn and adjusted earnings per share of 211.3p that slightly exceeded analyst expectations. The geotechnical specialist contractor achieved 5.9% constant currency revenue growth and a 6.5% rise in adjusted operating profit to £218.2m, representing a 2.3% revenue beat against consensus estimates.

The company's Europe and Middle East division drove much of the positive momentum, with underlying operating profit surging more than four-fold to £38.8m from £7.9m. This recovery offset challenges in North America, where operating profit fell 9.6% to £166.2m due to softer residential market conditions. Despite mixed market conditions, the adjusted operating margin held steady at 7.1%.

Keller announced a new dividend policy targeting 2.5x to 3.5x cover, with a proposed final dividend of 52.1p per share. The total 2025 dividend of 70.4p represents a 41.6% increase from the prior year. The company also plans a £100m share buyback programme for 2026, following completion of the current £25m tranche. With net cash of £59.7m and free cash flow of £175.9m, Keller's strong balance sheet supports these enhanced capital returns.