NIXON Hire has reported a 6% increase in revenue from its ongoing site solutions business to £80.7 million for the year ended December 2025. The firm has also recorded a near 8% rise in underlying EBITDA to £22.5 million.
Ongoing site solutions revenue excludes revenue from hire fleets that the company exited during its transition from general plant hire to specialist sustainable site solutions and is said to therefore best reflect the trading performance of the business as it is now structured.
Nixon Hire said the growth is evidence that the company’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.
The business secured customer awards for larger, more complex site projects during the period, with the growth of its modular buildings division in its first full year of operation described as ‘a particular highlight’.
Operating profit before exceptional items grew 6% to £8.3 million, while profit before tax, excluding exceptional items, rose 54% to £5.4 million. Total statutory revenue was £91.3 million compared to £108.3 million in 2024. Of the £17 million reduction, Nixon Hire explained that £16.4 million reflected lower fleet disposal revenue, as the prior year included the sale of the company’s large plant fleet, compared with the smaller disposal of its welfare van fleet in 2025.
Statutory operating profit was £3.8 million (2024: £7.8 million) and statutory profit before tax was £900,000 (2024:£3.5 million), after £4.5 million of exceptional items. The charge for exceptional items included £3.8 million related to costs incurred in the company’s accelerated digital transformation programme.
Investment in growth was described as a major focus last year, with £18.3 million of capital expenditure on tangible assets, including £13.4 million in the hire fleet. Since the year end, sale and leaseback arrangements relating to certain freehold properties have generated net proceeds estimated at around £6.6 million.
Brian Cornett, CEO of Nixon Hire, said, “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.”
