LSE:RTO

Rentokil Initial plc announced a final dividend for the financial year ending 31 December 2025 of 8.24 cents per ordinary share on 5 March 2026.
Rentokil Initial plc reported a solid start to FY2026, with first-quarter revenue rising 4.3% to $1.68 billion and organic growth of 3.4%, supported by strong performance in North America and steady progress internationally.

North America remained the key growth driver, with revenue up 4.5% and pest control services benefiting from pricing actions and recovery from weather disruptions. Business services also saw double-digit organic growth, driven by strong demand and new contracts.

International operations delivered 4.1% revenue growth, led by Europe, Latin America, and Africa, although performance was partially impacted by disruptions in the Middle East and softer comparisons in the Pacific region.

The company maintained stable customer retention and improved employee retention, while continuing its acquisition strategy with nine bolt-on deals. Management said the results support confidence in delivering full-year performance in line with market expectations, despite ongoing geopolitical uncertainty.
Rentokil Initial reported 2025 revenue of $6.9 billion, up 4.4% year-over-year, with adjusted operating profit rising 5.4% to $1.07 billion and operating margin improving to 15.5%.

Free cash flow increased 24.5% to $615 million with a strong 98% conversion rate, while net debt declined to $3.65 billion, reducing leverage to 2.6× EBITDA. The company recommended a final dividend of 8.24 cents, bringing the total 2025 dividend to 12.39 cents per share.

Performance improved during the year, with organic revenue growth accelerating to 3.5% in the second half compared with 1.6% in the first half. North America saw stronger momentum, including pest control services growth improving to 2.6% in the fourth quarter.

Strategically, Rentokil is restructuring its North American operations by focusing on around 30 retained brands and expanding its branch network to about 800 locations by 2026 to increase customer proximity. The company also continued investing in AI tools and data systems to improve sales efficiency and operational productivity.

Cost efficiency initiatives are progressing toward a targeted $100 million cost reduction by 2027, with North American operating margins expected to exceed 20% by that year. For 2026, Rentokil expects performance to remain in line with market expectations as it continues executing its growth and integration strategy.
BlackRock Reduces Stake in Rentokil Initial to 9.93%

BlackRock, Inc. has slightly lowered its holding in Rentokil Initial plc (LSE: RTO) to 9.93%, according to a disclosure filed on October 27, 2025. The U.S.-based asset manager now controls 7.95% of voting rights through shares and 1.98% through financial instruments, totaling 251.5 million voting rights. The position includes exposure via American Depository Receipts, securities lending, and derivatives such as CFDs and equity-linked notes. This marks a modest decrease from the previous 10.04% stake reported earlier.
BlackRock Raises Stake in Rentokil Initial to Just Over 10%

BlackRock, Inc. has increased its total holding in Rentokil Initial PLC to 10.04%, according to a disclosure filed on October 23, 2025. The position comprises 8% of voting rights attached to shares and an additional 2.04% through financial instruments such as securities lending, CFDs, and equity-linked notes.

The U.S.-based asset manager now controls approximately 254.3 million voting rights in the UK pest control and hygiene services group, up from a previous total of 6.09%. The threshold crossing occurred on October 21, 2025, as part of routine portfolio adjustments.