Ashtead Technology sees FY profit 'slightly' ahead of market views, shares spark
By Michele Maatouk
Date: Monday 19 Jan 2026
(Sharecast News) - Ashtead Technology shot higher on Monday after it said full-year profit was set to be "slightly ahead" of market expectations.
In an update for the year to the end of December, the provider of subsea technology solutions to the global offshore energy sector said FY revenue was set to be about £203m, up from £168m a year earlier. Second-half revenues were approximately 5% higher than the first half.
"Following the acquisitions in Q4 2024, the group has successfully completed the integration of Seatronics and J2 Subsea, achieving synergies ahead of forecast and reducing lower margin activities in the acquired businesses," it said.
"Together with business mix enhancements and a continued focus on operating efficiencies across the wider Ashtead Technology business, this is expected to result in a full year adjusted EBITA margin towards the top end of the group's medium-term target, delivering a result for the full year slightly ahead of market profit expectations."
Company compiled analyst consensus for FY2025 is for revenue of £205.8m and adjusted EBITA of £57.7m.
Chief executive Allan Pirie said: "We are pleased with our full-year financial performance through 2025 and have made significant progress in expanding our international footprint and widening and deepening the offering to our customers during the year.
"Our strong balance sheet, diversified geographical footprint, differentiated service capability, and track record of providing innovative solutions to our customers, positions us well as we enter the new financial year."
At 1045 GMT, the shares were up 12% at 374.50p.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN