Keller Group Posts Strong Q4 Results Amid Infrastructure Demand Surge

Keller Group PLC delivered robust financial results for the fourth quarter of 2025, reporting adjusted revenue of £387 million, up 12% compared to the same period in 2024. This growth was primarily fueled by increased project volumes in the energy and transportation sectors, particularly in the UK and continental Europe. The company’s operating margin expanded to 14.3% in Q4, reflecting improved cost management and higher utilization rates across its drilling and foundation services divisions. Gross profit rose to £129 million, with underlying EBITDA reaching £78 million, a 15% increase from the prior-year quarter. These figures underscore the company’s ability to scale operations efficiently amid rising capital spending on infrastructure. The performance was supported by a 20% year-on-year uptick in new contract awards, totaling £410 million during the quarter. Key projects included offshore wind foundation installations in the North Sea and tunneling support for major rail upgrades in Germany and France. Keller Group’s exposure to energy transition initiatives, including carbon capture and storage (CCS) groundwork, also contributed to the expansion. Markets reacted positively, with KLR.L shares rising 5.2% in early trading on March 3, 2026. The gains were mirrored in related equities such as ENGI.L, which also saw a 3.8% rise. Benchmark crude oil prices (CL=F) remained stable, indicating continued confidence in energy project funding. The results signal strengthening momentum in European construction and drilling services, particularly in sectors tied to decarbonization and public infrastructure.