Van Elle’s interim report for the six-months to 31st October 2025 show pre-tax profit of £1.7m on revenue of £73.4m.
The underlying operating profit margin of 2.8% was below the 3.4% of the previous year’s first half.
Revenue was up 13% on the same period in the previous year (£65.2m) or, excluding Van Elle Canada Inc, which was sold in December 2025, revenue for continuing operations was up by 16% (2025 H1: £63.4m).
Revenue growth was primarily driven by improving volumes within the general piling and the acquisition of Albion Drilling in October 2024.
The proportion of revenue coming from the house-building sector was down from 44% to 32% while infrastructure increased from 39% to 44% of group revenue.
The remaining 24% of revenue was from the regional construction business, which saw sector revenue bounce by 65% to £17.3m (2025 H1: £10.5m), largely due to the Sheffield Forgemasters project.
As of 31st October 2025 the order book stood at £44.9m, excluding framework agreements and preferred bidder positions, which was 8% higher than a year before.
Chief executive Mark Cutler said: “We are pleased with the progress made during the first half of the year, and despite the challenges faced in the wider industry, the group is starting to see signs of recovery in its core markets. With a strategic focus on increasing exposure to energy and water, alongside early signs of improving housing and residential market confidence, the group is well positioned to deliver strong growth over the medium term.
“The disposal of our Canadian operations in December allows us to focus on the significant prospects in the UK with clear capital allocation priorities, supported by a growing number of strategic customer partnerships and long-term frameworks.”
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