Roadside Real Estate posts first-half loss

18th Jun 2026 12:37

(Sharecast News) - Roadside Real Estate reported a first-half loss on Thursday as it accelerated its expansion in the UK forecourt market through a series of acquisitions, while raising fresh capital to support further growth.

The AIM-traded energy forecourt operator generated revenue of £3.0m in the six months to 28 March, up from £0.29m a year earlier, reflecting the acquisition of Gardner Retail, which added six petrol filling stations with annual fuel sales of around 22 million litres.

The company reported an operating loss from continuing operations of £3.96m, compared with a profit of £0.91m a year earlier, including £1.37m of acquisition-related costs.

Net losses from continuing operations widened to £4.40m from £0.60m.

During the period, Roadside completed a £20.75m equity fundraising and agreed the £11.9m acquisition of D A Roberts Fuels, which is expected to complete this month.

Since the period ended, it has completed the £28.6m acquisition of Hoch Group, adding 12 forecourts with annual fuel sales of 41 million litres, and agreed the purchase of a further site in Huntley.

The company also received £28m from the sale of two tranches of its holding in Cambridge Sleep Sciences and secured a new £25m debt facility with HSBC.

Chief executive Charles Dickson said Roadside had made significant progress executing its buy-and-build strategy and was well positioned to continue consolidating the fragmented independent forecourt sector.

The group said it entered the second half of the year with materially increased scale and a strong pipeline of acquisition opportunities.

At 1217 BST, shares in Roadside Real Estate were down 0.8% at 59.03p.

Reporting by Josh White for Sharecast.com.

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