Research on Nexus Infrastructure Plc (NEXS:LON) from Progressive Equity Research
Nexus Infrastructure has maintained FY26 guidance of a return to modest profitability following its FY25 results to 30 September, which demonstrated a solid pick-up in revenue and gross profit in the second half. We are not changing our estimates at this point, but believe the civil engineering specialist’s exposure to the ‘front end’ of the construction process should make it an early beneficiary of a post-Budget recovery.