Diales hails 'resilience' as first-half profit grows 52%
Diales Group PLC on Wednesday posted higher profit in its first half, and guided full-year performance broadly in line with market consensus.
The London-based consultancy for the construction and engineering industries booked pretax profit of £968,000 for the six months ended March 31, up 52% from £635,000 a year prior.
Revenue advanced 10% to £23.7 million from £21.6 million. Diales kept left its interim dividend unchanged from the previous year at 0.75 pence per share.
The company’s shares rose 7.9% to 30.21 pence on Wednesday morning in London, and are up 31% over the past year.
Diales ended March with net cash of £3.9 million, up 63% from £2.4 million on-year.
Looking to the second half, Diales said it has ‘strong momentum...with a robust pipeline’. It expects a full contribution from its new service line in the second half and plans to continue investing in the company’s growth.
It sees full-year results ‘at least in line with market expectations’.
Analysts at Shore Capital have forecast pretax profit of £1.5 million in financial 2026. Equity Development researchers put the figure at £1.4 million.
In the year ended September 30, 2025, revenue was ‘stable’ at £43.0 million, unchanged from the preceding year. The dividend per share was also unchanged at 1.5p, while annual pretax profit increased to £1.3 million from £916,000.
Chair Nicholas Stagg commented on Wednesday: ‘The group has delivered a strong performance in the first half, reflecting the resilience of our model and disciplined execution of our strategy. We have continued to make progress against our priorities despite a challenging macroeconomic backdrop. The board is confident in the group’s positioning and prospects for the remainder of the year.’
Chief Executive Mark Wheeler added: ‘Despite regional uncertainties, particularly in the Middle East, the business has remained resilient. With good momentum, a scalable model and clear strategic focus, the group is well positioned to deliver sustained growth and long-term shareholder value.’
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