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RNS Number : 3999R Ashtead Technology Holdings plc 20 August 2026 20 August 2026 Ashtead Technology Holdings plc ( " Ashtead Technology " or the " Group " ) Trading Update Ashtead Technology Holdings plc ( LSE : AT . ) , a leading provider of subsea technology solutions to the global offshore energy sector , provides an update on current trading and its outlook for the full year . In its trading update on 15 July 2026 , the Board noted that delivery of the full year market expectations was contingent on easing of the conflict in the Middle East and no major changes to project scheduling . Since that date , there has been no easing in the Middle East conflict and a number of projects in the region earmarked for the second half of 2026 have now been postponed until 2027. The continued and broader economic uncertainty , and changes to vessel scheduling , has also now resulted in some project delays , particularly in Europe and the Americas . Outlook The Board now anticipates full year revenues to be around 5 % below the current market consensus 1. The deferral of rental revenues , in particular , will adversely impact the revenue mix of the Group in 2026. Combined with the operating leverage in the business , this is likely to contribute to lower margins and Adjusted EBITA around 15 % below the current market consensus.1 Notwithstanding the lower anticipated profits in the short term , the balance sheet remains strong , and leverage is expected to be around 1.3x at year end² . An increased focus on energy security coupled with continued strong customer backlog underpins the Board's confidence in Ashtead Technology's growth strategy . -Ends- 1 As at 19 August 2026 the company compiled analyst consensus expectation for FY26 is for revenue of £ 214.2m and Adjusted EBITA of £ 59.2m . 2 Leverage is defined as net debt divided by LTM Adjusted Proforma EBITDA This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law of the United Kingdom by virtue of the European Union ( Withdrawal ) Act 2018 , as amended ( together , ' MAR ' ) . Upon the publication of this announcement , this inside information is now considered to be in the public domain . The person responsible for arranging the release of this announcement on behalf of Ashtead Technology is Ingrid Stewart , CFO / Director . For further information , please contact : Ashtead Technology Allan Pirie , Chief Executive Officer Ingrid Stewart , Chief Financial Officer DGA Group ( Financial PR ) Jonathon Brill Syra Basra ( Via DGA Group ) Tel : +44 ( 0 ) 7836622683 ashteadtechnology@dgagroup.com Notes to editors : Ashtead Technology is a leading subsea technology solutions provider to the global offshore energy sector . Ashtead Technology's specialist equipment , advanced - technologies and support services enable its customers to understand the subsea environment and manage offshore energy production infrastructure . Headquartered in