Rentokil Initial delivered consistent financial results in the second half of 2025, with underlying revenue growth and adjusted EBITDA margins holding firm. The company reaffirmed its full-year guidance, reflecting stable operations across its core facility services and pest control segments.
- Underlying revenue: £698 million in H2 2025, up 1.8% YoY
- Adjusted EBITDA margin: 22.4% in H2 2025
- Client retention rate: above 93%
- Net cash position: £117 million as of Dec 31, 2025
- Full-year 2025 guidance reaffirmed: 1.5%–2.5% revenue growth, EBITDA margin 22%–23%
- No material impact on RNT.L, CL=F, or ^VIX
Rentokil Initial reported underlying revenue of £698 million for the second half of 2025, a 1.8% increase year-on-year, driven by organic growth in its UK and European markets. The company achieved an adjusted EBITDA margin of 22.4%, maintaining consistency with the first half of the year and reinforcing its operational discipline. The results reflect resilience in the company’s core business lines, particularly in contract cleaning and pest control, where demand remained stable despite macroeconomic headwinds. Management noted that client retention rates exceeded 93%, supporting revenue predictability and long-term contract renewals. The company also completed the divestment of non-core operations in Q3, contributing to a net cash position of £117 million as of December 31, 2025. Rentokil Initial maintained its full-year 2025 guidance, projecting underlying revenue growth in the range of 1.5% to 2.5% and adjusted EBITDA margins between 22% and 23%. The company’s focus on operational efficiency and selective investment in digital service platforms continues to support margin stability. Market reaction was muted, with Rentokil Initial’s share price (RNT.L) trading within a narrow range following the announcement. The broader industrial sector showed no significant movement, and benchmark indicators such as CL=F and ^VIX remained largely unchanged, indicating limited market impact from the report.