Billington secures £50m worth of new contracts

(Sharecast News) - Billington Holdings said on Friday that it has secured new contracts worth around £50m, strengthening its order book and underpinning confidence in its outlook for 2026. The AIM-traded structural steel and construction safety solutions group said the awards spanned a range of sectors, including a carbon capture facility in the north of England, a data centre development in London, and a silicon chip manufacturing facility in Bristol, as well as projects for the National Railway Museum, Wales High School in Sheffield and a major steel bridge contract for its Tubecon division.

It said the projects were scheduled for delivery across 2026 and into 2027, with several involving new clients alongside repeat business from existing customers.

Billington added that it was continuing to see a growing pipeline of opportunities, particularly in energy-from-waste, low-carbon power and data centre developments, which could support further work in 2026 and 2027.

The company said it expected to report results for the year ended 31 December on 21 April, with performance anticipated to be in line with market expectations.

"These contract wins announced today, across a broad range of sectors, underline both the strength of Billington's market position and the quality of opportunities we are securing," said chief executive Mark Smith.

He added that "the current orderbook underpins our confidence in delivering 2026 in line with market expectations," noting that while margin pressures persist, the volume of work being secured is improving.

Smith also said operational changes, including the transfer of resources to the group's Barnsley facilities following the closure of its Yate factory, were supporting capacity expansion and positioning the business for future growth.

At 1144 BST, shares in Billington Holdings were up 2.86% at 360p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate