Business Update: Continuing to Build on 2025 Growth

Strong start to 2026, building on organic and acquisitive growth in 2025
Proforma EBITDA grows to ~$130 million* in FY’25
End-market diversification increasing; 50% of business mix from renewables, mining, infrastructure, defence and government sectors, up from 25% in FY’24
Continued geographic expansion with 13 new locations added in 2025
Continued delivery across global regions, supporting customers in complex and remote environments across multiple industries

Centurion (“Centurion”, or “the Group”), a global leader in equipment rentals, sales and services to a range of critical industries for complex, challenging and remote locations, has entered 2026 with strong momentum, continuing to drive growth, increase cash generation, and continue its geographic and industry expansion strategy.

Pre-audit results for FY’25 indicate an increase in EBITDA and cash generation from FY’24, with EBITDA having grown from ~$105m in FY’24 to ~$130 million* in FY’25. This continues the Group’s track record of strong growth over the last 8 years from ~$30m at the time of formation in 2017 to ~$130m at the end of FY’25.

The Group has also continued its strategy to diversify its business mix, with over 50% of its activity coming from renewables, minerals, infrastructure, defence, and government sectors compared to 25% in FY’24.

This strategy is further supported by recent acquisitions, including the addition of Trand Inc. (Trand), a US-based provider of crane services supporting wind turbine repair and maintenance. The acquisition strengthens Centurion’s capabilities in the onshore wind sector and enhances its heavy lifting services offering in the United States.

Centurion has scaled significantly through a combination of organic growth and acquisitions, having completed 24 acquisitions since its formation in December 2017.

Euan Leask, Chief Executive Officer of Centurion, said:

“Centurion started 2026 in a strong position and our teams have worked hard to continue this positive momentum throughout the first quarter. Despite ongoing economic uncertainty, we have continued to drive a solid financial performance, demonstrating the resilience and strength of our business model.

“Our growth from FY’24 through FY’25 reflects that our strategy is working – we are continuing to expand our end-markets and geographic reach whilst building on our core business.

“With our strong financial position and clear strategy, we are well positioned to continue to drive growth across our key global markets and expand our capabilities across multiple industries to drive sustainable growth in 2026 and beyond.”

Global Highlights

Centurion has continued to deliver projects across its global regions in recent months, supporting customers operating in complex, challenging, and remote environments:

US: Completed the acquisition of Trand in early 2026, supporting continued expansion into the renewable energy market across multiple states. This has driven momentum in Centurion’s regional crane business line, with over $60 million in active bids tendered and $18 million already awarded, with projects expected to commence in Q2’26 and Q3’26. Diversification from its core oil and gas business has continued, with Centurion’s US accommodation business delivering solutions for key geothermal projects.
Canada: Successfully delivered emergency temporary housing and associated infrastructure for a remote community displaced by wildfires, including accommodation units, water treatment packages and ancillary equipment. Continued delivery across the energy sector, including accommodation, wastewater management and crane services on a new multi-rig programme.
UK & Europe: Continued to expand its industrial footprint through the acquisition of Kabin Hire in October 2025 and Aerial Platforms Limited (APL) in May 2025, with APL successfully expanding to new locations across the UK.
Middle East & North Africa: Delivered a strong opening quarter, securing $70 million in new orders. It also executed large-scale projects to exacting certification standards across the Middle East, Europe and Australia. Projects spanned Technical Modular Buildings, Pre-Assembled Pipe Racks, Pre-Assembled Units, and Blast-Rated modules, with core rental offerings expanded internationally to further strengthen competitive position and support continued momentum.
Asia Pacific: Deployed two new large camps on hire to renewable energy projects in New South Wales and Western Australia. Rapid Camps, acquired by Centurion in December 2025, continues to build operational momentum in the renewable energy sector. Work secured to develop standard water disinfection designs for Australian community supply program, alongside a dewatering and operations award on an iron ore mine following the recent successful installation of a temporary wastewater treatment plant.

*FY’25 EBITDA based on Proforma numbers, and from acquisitions as if owned during the whole year

ENDS

Teneo

Camilla Cunningham / Nina Chatrath-Saglani

+44 (0) 207 260 2700 / centurion@teneo.com

About Centurion Group

Centurion is a global leader in the supply of equipment rentals, sales and services to a range of critical industries, for complex, challenging and remote locations. It combines the scale and the breadth of offerings in five main regions: the US, Canada, UK & Europe, Middle East & North Africa, and Asia Pacific, with strong local presence in key energy markets to deliver value to customers around the world. For more information, please visit www.centuriongroup.co.uk