Full Year 2026 DCC PLC Earnings Call Transcript
Key Points
- DCC PLC (DCCPF) delivered a good financial performance in FY26, with total adjusted operating profit increasing by 3.6% to GBP634 million.
- The company achieved an adjusted EPS increase of 9.9% to 438.1p, surpassing market expectations despite a challenging macroeconomic environment.
- DCC PLC (DCCPF) maintained a strong financial position with a net debt-to-EBITDA ratio of 0.9 times, providing significant headroom for future growth.
- The company returned GBP700 million to shareholders following the sale of DCC Healthcare, with an additional GBP100 million to be returned in FY28.
- DCC PLC (DCCPF) is on track to deliver its 2030 ambition, with significant growth opportunities in existing and new markets, particularly in the energy sector.
- The company is currently in an offer period under Irish takeover rules, limiting its ability to provide forward-looking information and respond to related questions.
- DCC Energy experienced a 3.2% decline in energy volumes for the year, with a 1.8% decline in the second half.
- Energy Services faced a challenging year with weak performance, particularly in the UK, due to a difficult operating environment and project delays.
- The company incurred mid-single-digit millions in one-off costs in Energy Services as part of business rationalization efforts.
- Revenue for the group declined by 2.9% on a reported basis to GBP15.4 billion, primarily driven by volume declines in DCC Energy.
Good morning, and welcome to DCC's results presentation for the year ended 31 March 2026. Thank you for joining us this morning via webcast. I'm joined today by our Group COO, Kevin Lucey; and by our Group CFO, Conor Murphy. As you will be aware, the company is currently in an offer period. Under the Irish takeover rules, we are not able to comment on or discuss the offer or any related matters.
I would ask that you respect these constraints and our inability to respond to any questions on the topic is a matter of regulatory obligation. Our financial advisers, JPMorgan, UBS and Davy, are present with us on the call today to ensure that we operate within the Irish takeover rules. The takeover rules also place restrictions on our ability to provide forward-looking information, including forecasts, projections and statements regarding the company's prospects.
We remain committed to keeping shareholders properly informed, and we will make further announcements as and when appropriate. Please visit our dedicated offer website link
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