DCC reports higher first-half profit as energy business continues transformation

DCC plc (LON:DCC) has announced its interim results for the six months ended 30 September 2026.

A period of CONTINUED progress and strategic delivery

        Adjusted continuing operating profit increased by 1.1% to £175.2 million in the seasonally less significant first half of the financial year

        Strong trading in Energy Products and Mobility, despite volume headwinds, while Energy Services continued to experience very challenging market conditions

        Adjusted continuing earnings per share increased by 25.6%, primarily reflecting the lower weighted average number of shares in issue following the share buybacks and tender offer in the prior year

        Excellent free cash flow conversion of 119% on a rolling 12-month basis, up from 95% in the prior year

        Committed acquisition spend of £214 million, including the agreement to acquire Shell’s Mobility and Convenience business in France, along with acquisitions in Poland, the US, Ireland and Germany

        Agreed sale of Nexora announced in October 2026, which will complete DCC Energy’s simplification programme

        Recommended acquisition of DCC Energy by the consortium led by Energy Capital Partners and KKR announced and approved by shareholders

        Consistent with the terms of the recommended acquisition and, as set out in the Scheme Document, no interim dividend will be paid in November 2026

        DCC Energy expects to deliver ongoing strategic progress, growth and continued development activity in the year ahead

Donal Murphy, Chief Executive, commented:

“DCC Energy delivered a good performance in the first half, despite a difficult demand environment. Strong trading in Energy Products and Mobility and continued acquisition activity demonstrate that, alongside transforming the Group, we remain firmly focused on growing and strengthening the business. Energy Services continues to face challenging market conditions.

Over the last two years, we have fundamentally transformed DCC, from a diversified group spanning Energy, Healthcare and Technology into a focused, single-sector energy business. The agreement to dispose of Nexora will complete the simplification programme which we began in November 2024.

DCC Energy now looks ahead to the future with confidence. Following shareholder approval of the recommended acquisition by the consortium led by Energy Capital Partners and KKR, we expect to transition to private ownership in the first quarter of 2027, subject to the satisfaction of the remaining conditions. We do so as a focused international multi-energy business, continuing to grow and invest. I want to thank all my colleagues for their commitment and contribution to everything we have achieved together.”

1 Refer to the Discontinued Operations note for further details

2 Constant currency (‘CC’) represents the retranslation of foreign denominated current year results at prior year exchange rates

3 Refer to Alternative Performance Measures in Supplementary Financial Information for further details