Restore Plc reported a 21% increase in revenue for the first half of 2026, with total sales of £175.40 million. Management described the growth as evenly split between organic expansion and contributions from acquisitions.
On a per-share basis, adjusted earnings improved by 24% from the prior year to £0.04 for the six-month period. The company disclosed adjusted pretax profit of £22.30 million for the half, while statutory pretax profit stood at £7.40 million.
Division performance
Restore's Information Management division reported a 26% increase in revenue in H1 2026. The company said the division benefited from stable storage volumes, pricing adjustments linked to inflation, and the addition of new project contracts during the period.
Meanwhile, the Technology division delivered a marked improvement in profitability. The business doubled its operating profit compared with the same period last year, a change the company attributed to a focus on higher-value IT recycling markets and enhancements to internal systems.
Balance sheet and capital allocation
Net debt was reported at £122.50 million at the end of the first half. As part of its capital allocation activities, Restore continued its share buyback programme and purchased £4.6 million of shares during the period.
Outlook
For the full year 2026, Restore expects adjusted profit before tax to be at least in line with market expectations. The company said it anticipates continued revenue and profit growth from both organic and inorganic sources, underpinned by recurring revenues and strong cash generation.
Takeaway
The first half results show revenue and adjusted earnings growth, with Information Management and Technology divisions cited as the primary operational drivers. Net debt and the gap between adjusted and statutory pretax profit are notable financial metrics for investors and analysts to monitor as the company progresses through the remainder of the year.