Centurion Group – Full Year Results for 12 Months to 31 December 2025

Strategic momentum drives strong FY’25 results and future growth

• Adjusted Statutory EBITDA increases by 19% to $118.6m, with Adjusted Proforma EBITDA reaching ~$130m, up from ~$105m
• Four acquisitions completed in 2025, expanding capabilities and geographic reach
• Multi-industry EBITDA more than doubles from 19% to approximately 41%
• Strengthened balance sheet, strong cash position and expanded credit facility provide flexibility to support future organic investment and acquisitions 

Aberdeen, UK, 22 June 2026 – Centurion Group (“Centurion” or “The Group”), a global leader in the supply of equipment and services to a range of critical industries for complex, challenging and remote locations, publishes its statutory financial results for the year ended 31 December 2025 – marking a year of financial growth, business diversification and strategic progress.

FY’25 financial highlights

• Revenue from continuing operations increased by 7% to $540.5m (FY’24: $505.6m), with growth in US and MENA trading
• Adjusted Statutory EBITDA up 19% to $118.6m (FY’24: $99.7m); Adjusted Proforma EBITDA up ~24% to ~$130m (FY’24: $105m) driven by both organic growth and acquisitions

• Invested $38.5m in net capex to support continued end-market diversification
• Delivered unlevered free cash flow of $99.4m (FY’24: $44.8m)
• Multi-currency credit facility upsized by $51.9m to $439.0m, providing $125m of financial firepower for organic growth and acquisitions 

Continued progress against strategic priorities

• Completed four acquisitions in 2025, expanding geographic reach and supporting end-market diversification: 
  • WestWater: specialist in the delivery of potable water treatment systems for municipal and industrial end-markets in Australia
  • Aerial Platforms Ltd (APL): powered access lifting equipment provider for working-at-height, with a footprint spanning across the UK
  • Kabin Hire: Wales-based portable accommodation business serving the UK’s construction, infrastructure, and utilities sectors
  • Rapid Camps: workforce camp provider delivering end-to-end camp solutions designed for Australia’s harsh and remote conditions for mining, renewables and infrastructure sectors
• Multi-industry EBITDA grew from ~19% to ~41%, mainly driven by acquisitions in the UK and Australia 

Strong start to 2026 and well positioned for future growth

• Strong start to Q1’26 with revenue and adjusted EBITDA from continuing operations of $134m and $29m respectively 
• Strong M&A pipeline, with acquisition of Trand Inc. (Trand) completed in March 2026 and three further acquisitions under exclusivity: 
  • Trand, a US crane rental company headquartered in Kansas with a strong track record of delivering complex lifting operations to the onshore wind industry, strengthens Centurion’s existing specialist heavy lift services in the Mid-West. Centurion’s onshore specialist heavy lift services now cover the Mid-West from Minnesota to Texas

Euan Leask, CEO of Centurion Group, said: 

“2025 was a year of growth and progress for Centurion. 

“We made significant progress against our strategic priorities during the year. Proforma adjusted EBITDA reached approximately $130m, while cash generation improved from 2024 and remained high.

“We also continued to transform Centurion into a more diversified multi-industry equipment business. Through continued organic investment and four strategic acquisitions in the UK and Australia, we expanded our geographic reach, doubling our multi-industry component.

“Centurion continues to perform well in 2026. With a clear growth strategy for the year ahead, we remain confident in our business and our ability to support customers operating in complex, challenging and remote locations around the world.”

FINANCIAL PERFORMANCE

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