Nexus Infrastructure
Website:
Nexus Infrastructure
Index:
AIM
EPIC: NEXS
Supersector:
Construction and Materials
Sector:
Construction and Materials
Subsector:
Heavy Construction
Market Cap:
£10.03M
Payout Frequency: Semi-Annual
Nexus Infrastructure Dividend Analysis and Summary
Declared dividend
- Type: Interim
- Amount: 1.0 pence per share
- Ex-dividend date: 21/05/2026
- Record date: 22/05/2026
- Payment date: 19/06/2026
- DRIP election deadline: 29/05/2026
- Policy/context: Interim dividend maintained for the fourth consecutive year; FY2025 total dividend was 3.0p (final 2.0p paid on 24/04/2026).
- Indicative cash cost: c. £90–£91k (c. 9.03m shares), modest relative to cash resources.
Dividend sustainability and growth
- Earnings cover: Not covered by earnings in HY26 (operating loss before exceptionals £0.8m; basic EPS -11.9p). Sustainability near-term relies on H2 improvement rather than current-period profits.
- Cash cover/liquidity: Cash and equivalents £8.5m; no bank borrowings disclosed (lease liabilities only). The interim payout is small versus cash, supporting near-term affordability.
- Cash generation: HY26 operating cash flow -£0.6m; management guides to higher working capital needs in H2 as activity ramps, which could constrain headroom if execution slips.
- Growth trajectory: Flat. Interim held at 1.0p for four years; FY2025 total 3.0p. Without a return to consistent profitability, scope for dividend growth appears limited.
- Operational backdrop: Order book strength (£87.9m, up 8.8% YoY) and improving margins (gross margin 15.1%) underpin the Board’s confidence, with H2 expected to be stronger (Tamdown delivery, AMP8 ramp at Coleman).
Support from financial performance and capital allocation
- Performance: Revenue up 5.6% to £32.3m; losses narrowing. Board expects full-year results in line with market expectations.
- Capital allocation: Continued dividend alongside disciplined cost control and investment to execute the order book; no buybacks noted. Given ongoing losses, the dividend represents a policy signal rather than distribution of current earnings.
- Balance sheet: Net assets £26.2m; cash of £8.5m helps bridge to anticipated H2 profitability, but rising working capital is a watchpoint.
Structural changes and policy signals
- Policy: Dividend policy maintained; interim unchanged at 1.0p.
- Corporate actions: No M&A, demergers, or share consolidation announced in HY26. Prior-year acquisition costs only; Coleman integration ongoing.
- Governance: Board changes (two NEDs stepped down; Interim Chair appointed). No stated impact on dividend policy.
Key risks and flags to dividend stability
- Profitability: Continued statutory losses; dividend not covered by earnings, leaving payments reliant on cash reserves and improved H2 trading.
- Working capital: Management expects higher working capital needs in H2, which could pressure cash if project timing or collections disappoint.
- End-market exposure: Tamdown linked to UK housebuilding (cyclical; weather disruption noted in H1). Coleman dependent on AMP8 release schedule (timing/execution risk).
- Scale/margin: Thin margins and small scale heighten sensitivity to cost inflation and project overruns.
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Nexus Infrastructure Annual Dividend Yield - 2.73%
Dividends Used in Calculation:
| Ex-Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 26/03/2026 |
24/04/2026 |
Final |
2.0000p |
GBX |
| 21/05/2026 |
19/06/2026 |
Interim |
1.0000p |
GBX |
Total (Annual Dividends Per Share):
3.00p
Dividend Yield =
Annual Dividends Per Share (3.00p)
÷ Share Price (109.9p)
= 2.73%
Nexus Infrastructure Dividend History
| Ex Dividend Date |
Payment Date |
Type |
Amount |
Currency |
| 21/05/2026 |
19/06/2026 |
Interim |
1.0000p |
GBX |
| 26/03/2026 |
24/04/2026 |
Final |
2.0000p |
GBX |
| 22/05/2025 |
27/06/2025 |
Interim |
1.00p |
GBX |
| 06/03/2025 |
17/04/2025 |
Final |
2.00p |
GBX |
| 23/05/2024 |
28/06/2024 |
Interim |
1.00p |
GBX |
| 04/04/2024 |
07/05/2024 |
Final |
2.00p |
GBX |
| 01/06/2023 |
30/06/2023 |
Interim |
1.00p |
GBX |
| 16/03/2023 |
03/04/2023 |
Special |
163.00p |
GBX |
| 16/06/2022 |
15/07/2022 |
Interim |
1.00p |
GBX |
| 27/01/2022 |
25/02/2022 |
Final |
1.40p |
GBX |
| 10/06/2021 |
09/07/2021 |
Interim |
0.60p |
GBX |
| 20/02/2020 |
25/03/2020 |
Final |
4.40p |
GBX |
| 13/06/2019 |
12/07/2019 |
Interim |
2.20p |
GBX |
| 07/02/2019 |
05/03/2019 |
Final |
4.40p |
GBX |
| 14/06/2018 |
13/07/2018 |
Interim |
2.20p |
GBX |
| 08/02/2018 |
09/03/2018 |
Final |
4.20p |
GBX |
| 17/08/2017 |
07/09/2017 |
Interim |
2.10p |
GBX |
| Year |
Interim |
Final |
Special |
Currency |
Total |
Change |
| 2024 |
1.000 |
4.000 |
|
GBX |
5.000 |
-96.950 |
| 2023 |
1.000 |
|
163.000 |
GBX |
164.000 |
16,300.000 |
| 2022 |
1.000 |
|
|
GBX |
1.000 |
-50.000 |
| 2021 |
0.600 |
1.400 |
|
GBX |
2.000 |
-69.690 |
| 2019 |
2.200 |
4.400 |
|
GBX |
6.600 |
0.000 |
| 2018 |
2.200 |
4.400 |
|
GBX |
6.600 |
4.760 |
| 2017 |
2.100 |
4.200 |
|
GBX |
6.300 |
|
Nexus Infrastructure Dividend Calculator
Nexus Infrastructure Dividend Growth
| Dividend Growth (1Y) |
–
|
| Dividend CAGR (5Y) |
37.97%
|
| Years of Growth |
–
|
| Payout Ratio |
–
|
| Buyback Yield |
0.16%
|
| Shareholder Yield |
2.86%
|
| P/E Ratio (TTM) | – |
|---|
| Forward P/E | – |
|---|
| P/FCF | 6.77 |
|---|
| Earnings Yield | -15.83% |
|---|
| FCF Yield | 14.77% |
|---|
| ROE | -5.84% |
|---|
| ROCE | -2.21% |
|---|
| Profit Margin | -2.35% |
|---|
| Operating Margin | -1.2% |
|---|
| Gross Margin | 15.63% |
|---|