NEXUS RENTAL REPORTS ON STRONG GROWTH FOLLOWING NEW SERVICE PROPOSITION AND EXPANSION INTO NEW TERRITORIES

Leading B2B vehicle and plant hire solution Nexus Rental has reported a strong financial year, supported by the launch of a new Plant, Equipment and HGV proposition and ongoing investment into expansion across new territories.

Net revenue has increased by 19%, with EBITDA following a similar trend. This was supported by 5% growth in gross revenue to £262m, through new and existing customers and improved margins through smarter allocation in Iris®. This continues a run of over 10 years of consecutive revenue growth for the business. In addition, the peak period in 2025-26 saw a 25% year-on-year increase in the number of vehicles supplied

Alongside the strong financial figures, the year also saw Nexus launch a new Plant, Equipment and HGV proposition. Built on the market leading Iris® platform and an expansive UK supply partner network, it directly addresses the hidden cost and complexity of multi-supply partner hire management. The new offering provides complete coverage across five categories: Site and Groundworks, Material Handling, HGV and Specialist Fleets, Access equipment, and Site Setup and Welfare. 

In addition, Nexus has recently expanded into the Republic of Ireland (ROI), a significant milestone marking the company’s first move beyond the UK. The ROI service will add significant numbers to the Nexus supplier network, allowing the business to continue to scale. This brings the total number of vehicles in the overall network across the UK and ROI to near 600,000.

Nexus offers businesses one of the UK’s most comprehensive supply partner network for specialist Plant, Equipment and HGV rental. This includes over 700,000 assets across 125+ supply partners and 650+ branches.  The Iris® platform brings everything together in one place, offering a hire management module, bespoke account configuration, compliance management, damage claims workflows, self-service reporting, and centralised invoice processing.

Alex Cook, Chief Financial Officer at Nexus, said; “The performance over the last twelve months shows the importance of continued investment in our service offering, plus expansion. This, alongside our ongoing development of our Iris® platform, helps us maintain strong relationships with our customers and supplier partners”

“Following the new service proposition and expansion into Ireland, we continue to focus our energy on further Iris® development to ensure we remain at the forefront of the industry. I’m incredibly excited to see what the next 12 months will bring for Nexus.”