Highlights

  • RNWH’s H1FY25 revenue increased by 12.6% YoY, driven by broader end-market exposure and consistent demand for engineering services.
  • The company recorded an operating profit of GBP 33.60 million for the period.
  • RNWH has secured a framework agreement with 13 water companies in the GBP 45 billion AMP8 market.

Renew Holdings PLC (LSE: RNWH) is a UK-based FTSE AIM 50 company providing essential engineering services, mainly in rail, infrastructure, energy, and environmental sectors.

In the first half of the financial year 2025 (H1FY25), the company’s revenue increased by 12.6% YoY to GBP 569.30 million, driven by broader end-market exposure and consistent demand for engineering services. The operating profit surged by 13.1% YoY to GBP 33.60 million, aided by cost efficiencies and margin resilience in higher-growth divisions such as renewable energy and infrastructure. Profit before tax rose by 5.1% YoY to GBP 31.00 million, primarily driven by improved top line and disciplined cost control, partially offset by acquisition-related finance costs.

Recent Business Update

RNWH has secured a framework agreement with 13 water companies in the GBP 45 billion AMP8 market, reflecting increased sales and delivery capabilities in regulated environments.

Company Outlook

RNWH is expected to increase investment in water and highway programs, with RIS3 set to surpass RIS2 by GBP 4.3 billion.

The company expects FY25 operating profit to surpass the prior year, supported by diversified market exposure and continued momentum across the water, infrastructure, and energy sectors, despite ongoing challenges in the rail segment.

Top 10 Shareholders

The top 10 shareholders of RNWH collectively form ~50.72% of the total shareholdings. Octopus Investments Limited holds the maximum number of shares with ~12.98% shareholding, followed by Swedbank Robur Fonder AB with ~6.01%.

Stock Information

The stock has witnessed a rise of ~26.52% in the last three months. The stock has a 52-week low and 52-week high of GBX 590.55 and GBX 1,162.00, respectively, and is currently trading below the average of its 52-week high and low, with a closing price of GBX 830 as of June 4, 2025.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 04 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.