Rentokil Initial (RTO) Q1 2026 TU earnings summary

Executive summary

• Group revenue reached $1,677m in Q1, up 4.3% year-over-year, with organic growth of 3.4%, driven by strong North America and solid international performance.

• North America delivered 4.5% revenue growth to $995m, with organic growth of 3.9%, led by Pest Control Services and robust Business Services.

• International revenue rose 4.1% to $682m, with organic growth of 2.8%, supported by strong pricing and volume growth in Europe, Latin America, the U.K., and Sub-Saharan Africa.

• The business remains on track to deliver full-year performance in line with market expectations, despite ongoing geopolitical uncertainties.

Financial highlights

• Group revenue increased to $1,677m from $1,556m, a 7.8% reported rise year-over-year.

• North America revenue was $995m, up 4.6% reported and 3.9% organic, with Pest Control Services revenue growing 3.5% and Business Services organic growth at 12.7%.

• International revenue reached $682m, up 12.7% reported and 2.8% organic, with contract revenue up 5.5%.

• Pest Control category revenue grew 4.6% at constant currency, with 3.7% organic growth.

• Hygiene & Wellbeing revenue grew 3.0% at constant currency, with 2.1% organic growth.

Outlook and guidance

• Full-year performance is expected to be in line with market expectations.

• Business Services growth in Q1 is considered an aberration and is expected to revert to normal levels for the remainder of the year.

• No material impact anticipated from fuel price increases or inventory shortages.

• Geopolitical events continue to create some uncertainty for the business.