---
title: "Ashtead Technology reiterates FY26 outlook on solid FY25 results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279391895.md"
description: "Ashtead Technology Holdings PLC reported FY25 revenue of £203.2m, a 21% YoY increase, and adjusted EPS of 49.4p, up 10%. The growth was driven by a 3% organic expansion and a 19% contribution from acquisitions, despite a 1% foreign exchange headwind. The company generated £20m in free cash flow and improved its net debt to EBITDA leverage to 1.3x. A final dividend of 1.3p per share was recommended, an 8% increase. The company remains confident in delivering further progress in FY26, monitoring geopolitical volatility in the Middle East."
datetime: "2026-03-17T07:58:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279391895.md)
  - [en](https://longbridge.com/en/news/279391895.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279391895.md)
---

# Ashtead Technology reiterates FY26 outlook on solid FY25 results

Investing.com - Ashtead Technology Holdings PLC (LON:ATAS) on Tuesday reported full-year 2025 revenue of £203.2m, up 21% YoY, as the subsea technology provider reiterated its confidence in delivering further progress through 2026 despite monitoring geopolitical volatility in the Middle East.  
The company posted adjusted earnings per share of 49.4p for the year ended December 31, 2025, representing a 10% increase from 45.0p in the prior year. Revenue growth was driven by organic expansion of 3% and a 19% contribution from the acquisitions of Seatronics and J2 Subsea, offset by a 1% foreign exchange headwind.  
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This compared to revenue of £168.0m in FY24, marking a 21% YoY increase. Adjusted EBITA reached £59.1m with a margin of 29.1%, toward the top of the company’s medium-term target range.  
The company generated approximately £20m in free cash flow during FY25 after a roughly £5m working capital outflow. Proforma net debt to adjusted EBITDA leverage improved to 1.3x from 1.6x, strengthening the balance sheet for future strategic opportunities. The Board recommended a final dividend of 1.3p per share, an 8% increase over the prior year.  
"We delivered a strong performance in 2025, making significant financial, strategic and operational progress against a challenging and unpredictable geopolitical and market backdrop," said Allan Pirie, Chief Executive Officer.  
Ashtead Technology successfully integrated its recent acquisitions, realizing synergies ahead of schedule and expanding international operations, with 33% of 2025 revenues generated outside Europe. The company deployed £37m in capital expenditure to advance proprietary equipment development and opened new facilities in the US and Norway.  
Trading in the first two months of 2026 has been in line with management’s expectations. The company is closely monitoring the current Middle East situation, which has created volatility in oil and gas markets and project execution timing uncertainty in the region.  
Absent extended or wider disruption, the Board remains confident in delivering further progress in 2026.

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