Ashtead Technology well positioned for continued progress in 2026
29/05/2026
Ashtead Technology has announced its results for the full year ended 31 December 2025, delivering a strong financial performance with double-digit revenue growth, further margin expansion and continued strategic and operational progress.The group delivered revenue growth of 21% to £203.2 million, supported by the acquisitions of Seatronics and J2 Subsea completed in late 2024 and reflecting robust demand across offshore energy markets and the strength of its differentiated global services platform.
Adjusted earnings before interest, tax and amortisation (EBITA) increased to £59.1 million, ahead of market expectations, with a profit margin of 29.1% towards the top of the group’s medium-term target range. Profit after tax of £32.2 million reflects an increase of 12% on the prior year.
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| Allan Pirie, Chief Executive Officer at Ashtead Technology |
In 2025, the Group strengthened its international footprint and service offering, opening three new facilities in the UK, USA and Norway and investing £37 million in capital expenditure (CAPEX) as it continued to widen and deepen its customer offering.
During the year, Ashtead Technology transitioned its listing from the Alternative Investment Market (AIM) to the London Stock Exchange Main Market, broadening access to international investors and enhancing its market profile.
Allan Pirie, Chief Executive Officer, said: “We delivered a strong performance in 2025, making significant financial, strategic and operational progress against a challenging geopolitical and market backdrop as we continued to widen and deepen our customer offering.
“These results demonstrate the enduring strengths of our differentiated global services platform, our scaled, diversified footprint and the mission-critical solutions we offer to our customers operating in the offshore oil & gas and renewables markets. Our flexible operating model and integrated offering supports the full lifecycle of an asset, allowing us to capitalise on offshore activity irrespective of geography or end market. This inherent agility has again underpinned our resilience over the past year, enabling us to deliver consistent growth to generate strong returns.
“The foundations of enduring customer relationships, a robust market position and an unwavering commitment to operational excellence position us well for future achievements despite geopolitical headwinds. We continue to monitor the current geopolitical situation and, absent extended or wider disruption, the Board remains confident in delivering further progress in 2026.”
www.ashtead-technology.com
