Rentokil Initial plc (LON:RTO) has issued a Trading Update for the first three months of the 2026 financial year covering the period 1 January 2026 to 31 March 2026.
Mike Duffy, Chief Executive of Rentokil Initial plc, said:
“We have made a good start to the year in a seasonally quieter first quarter, with continued momentum in North America and solid progress across our International businesses.
“In my first four weeks as CEO, I have been impressed with the depth of passion and pride that our people have in delivering exceptional customer service, and I am excited by the opportunity to unlock the potential of the Group.
“While geopolitical events, as previously noted, continue to create some uncertainty, the progress we report today gives us confidence in delivering a full year performance in line with market expectations.”
Group
Group Revenue for the quarter was $1,677m, up 4.3%. Organic Revenue growth was 3.4%.
North America
Revenue for the quarter was $995m, up 4.5%. Organic Revenue growth was 3.9%.
North America Pest Control Revenue growth was 4.7%. Organic Revenue growth was 4.1%.
● Pest Control Services Organic Revenue growth was 2.8% (2.6% in Q425), supported by robust price increases and good recovery of weather-related disruption in late January across the US. Performance through the quarter continued to benefit from our growth initiatives focused on enhancing marketing investments and improving sales execution.
● Business Services Organic Revenue growth was 12.7% (7.8% in Q425) supported by strong pre-spring demand in product distribution, contribution from 2025 new business wins in brand standards and high-value job work in lake management.
Colleague retention increased to 82.6% (FY25: 82.2%) and customer retention was broadly flat at 80.4% (FY25: 80.5%).
International (Group excluding North America)
Revenue for the quarter was $682m, up 4.1%. Organic Revenue growth was 2.8%.
Good growth in Europe, Latin America and the UK & Sub-Saharan Africa was driven by strong pricing and growth in volumes. Pacific and MENAT were a 60bps headwind as the Pacific lapped strong comparatives in Rural and Trackspray, and MENAT experienced disruption from the Middle East conflict.
Category Performance
Pest Control Organic Revenue growth was 3.7%, with 4.1% growth in North America and 2.8% growth in International (3.0% excluding MENAT).
Hygiene & Wellbeing Organic Revenue grew by 2.1%, with 2.7% in International and a decline of (2.7)% in North America, impacted by a later phasing of construction timelines delaying Ambius jobbing revenue.
M&A
The Group’s bolt-on M&A programme continued to create value with 9 deals, delivering annualised revenue in the year before acquisition of $19m.
Conference Details
Today, 16 April, at 9:00am BST, Rentokil Initial Chief Financial Officer, Paul Edgecliffe-Johnson will host a conference call for analysts and investors. A replay will be available on the Company website (https://www.rentokil-initial.com/investors.aspx) following the event.
To access the live audio webcast, register via the following link:
https://www.netroadshow.com/events/login/LE9zwo494GfiEWkBjeE6pecNQUQqzstvPAu
Alternatively, to join via teleconference, please register in advance using the link below:
https://www.investis-live.com/rentokil/69ca82a0fed46a000febe69d/mfbe
