Research on Nexus Infrastructure Plc (NEXS:LON) from Progressive Equity Research
Nexus delivered a 5.6% increase in revenue for the first half to 31 March, with core subsidiary Tamdown’s order book climbing by 8.8%, supporting the outlook into the second half and next year. The civil engineering group ‘remains confident’ in delivering FY26 results to September in line with market expectations. We maintain our forecast of a return to modest profitability this year and expect a clearer picture of how the increase in orders translates into profitability for FY27 to emerge in the coming months.
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