Nixon Hire reports growth in ongoing business following strategic shift

FY25 results demonstrate growing traction in Nixon Hire’s specialist model

Newcastle upon Tyne, 15 September 2026 – Nixon Hire has reported a 6% increase in revenue from

its ongoing site solutions business to £80.7m (2024: £76.4m), alongside an almost 8% rise in underlying

EBITDA to £22.5m (2024: £20.9m), for the year ended 31 December 2025. Ongoing site solutions

revenue excludes revenue from hire fleets that the company exited during its transition from generalist

plant hire to specialist sustainable site solutions and therefore best reflects the trading performance of

the business as it is now structured.

The growth is evidence that Nixon Hire’s repositioning is gaining traction. The strategy is built around

its ‘Golden Triangle’ model, which brings together site accommodation and welfare units, off-grid

renewable energy and modular buildings, supported by complementary services and site data, to give

customers a joined-up solution for delivering major projects safely, efficiently and sustainably.

In line with its strategy, the company secured customer awards for larger, more complex site projects

during the period, with the strong growth of its modular buildings division in its first full year of operation

a particular highlight. During 2025 and into 2026, the company also made several senior appointments

to deepen its sector expertise and launched a strategic partner network to support the delivery of full

project solutions.

Underlying profitability also strengthened. Operating profit before exceptional items grew 6% to £8.3m,

and profit before tax, excluding exceptional items, rose 54% to £5.4m (2024: £3.5m).

Total statutory revenue was £91.3m (2024: £108.3m). Of the £17.0m reduction in statutory revenue,

£16.4m reflected lower fleet disposal revenue, as the prior year included the strategic sale of the

company’s large plant fleet, compared with the smaller disposal of its welfare van fleet in 2025.

Statutory operating profit was £3.8m (2024: £7.8m) and statutory profit before tax was £0.9m (2024:

£3.5m), after £4.5m of exceptional items. The charge for exceptional items included, £3.8m related to

costs incurred in the company’s accelerated digital transformation programme. As a key differentiator

for the modern Nixon Hire, this programme is already delivering for customers: the company's

Renewable Energy Hub enabled the company to diagnose 89% of operating issues remotely and

resolve 42% without a site visit, while Pulse, its new browser-based customer portal, gives customers

self-service access to automatically refreshed insights into site data incorporating energy use, carbon

impact and cost performance.

Investment in growth was a major focus in 2025, with £18.3m of capital expenditure on tangible assets,

including £13.4m in the company’s hire fleet. Since the year end, sale and leaseback arrangements

relating to certain freehold properties have generated net proceeds estimated at around £6.6m. The

majority has been used to reduce debt, giving Nixon Hire increased capacity to fund future growth.

Investment in 2026 will focus on higher-output hybrid generators to support larger site projects,

alongside further development of the company’s digital services and customer data capabilities.

Nixon Hire’s approach continues to be recognised across the industry. The company was named a

Financial Times Reinvention Champion 2025 in Property & Construction, while its Renewable Energy

Hub received the Digital Solution for Rental 2026 award from the European Rental Association.

Brian Cornett, CEO of Nixon Hire, commented:

“These results show that the strategy we set out is delivering. We made a deliberate decision to

reposition the business around the sustainable site solutions we believed our customers would

increasingly need, and we are now seeing that reflected in the growth of the ongoing business.

“We are continuing to invest in the fleet, technology and services behind that offer. With the significant

reduction in debt since the year end, we now have even greater capacity to fund future growth and

ensure our asset base stays ahead of demand as we continue to secure larger, more complex projects.“Customers increasingly want more than equipment. They want a partner that understands their site

and can help them meet rising expectations around safety, sustainability and performance. That is the

business we have built. These results are a credit to our teams, who have delivered a demanding

programme of change while continuing to support our customers. We are proud of the progress we

have made and will keep working hard to strengthen the service we provide.”

Figures are drawn from the audited financial statements of John Nixon Limited for the year ended 31

December 2025, are now available from Companies House.