Duyuru • 15h
Rentokil Initial plc Announces Formalization of its Divisional Operating Structure Rentokil Initial plc announced formalization of its divisional operating structure to support the delivery of the Company's strategic priorities - to intensify customer focus, deliver sales and operational excellence, and simplify the business. To support the delivery of its strategic priorities, the Company is formalising its structure into two operating Divisions: North America and International. The International Division will comprise Europe, UK, Ireland & Sub-Saharan Africa, Asia & MENAT, Latin America and Pacific. This builds upon the current financial reporting structure and creates clearer accountability for performance and execution across the Group, while enabling faster adoption of best practices in customer experience, sales effectiveness and operational delivery. It also simplifies the operating model and strengthens alignment against the Company's strategic priorities. Duyuru • Aug 14
Rentokil Initial plc Announces Executive Appointments Rentokil Initial plc announced that to support the delivery of its strategic priorities, the Company is formalising its structure into two operating Divisions: North America and International. The Company announced the appointment of Phill Wood as CEO of the newly formed International Division, with immediate effect 13 August 2026. Phill is a highly experienced operator who has been with Rentokil Initial since 2006 and has led businesses in Europe, the Caribbean, Africa and the UK. He has a proven track record of delivering growth and has a deep understanding of frontline pest control and hygiene operations. He has also led the Company's Marketing and Innovation function for the last 18 months making significant progress in prioritisation and delivery of innovation pipeline. This appointment is in addition to his current responsibilities leading the UK, Ireland and Sub-Saharan Africa region, which he has led since 2009. The company also announces the appointment of Matt Jochim as Group Chief Transformation Officer, effective 7 September 2026. He will join the Executive Leadership Team and report directly to the Chief Executive. Matt brings 30 years of experience leading large-scale business transformations across global multi-site businesses. He joins the Company from McKinsey (2006 - 2026), where he served as Partner and leader of the UK & Ireland Operations Practice, owning end-to-end operating transformations for major clients. Prior to McKinsey, Matt spent five years at The Home Depot (2001 - 2006), where he held senior store and supply chain operating roles and managed critical transformations across store operations and inventory management. Matt's appointment further strengthens the Company's capability to drive operational improvement, simplify ways of working and accelerate execution across the Group. Declared Dividend • Aug 04
First half dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 13th August 2026 Payment date: 21st September 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 112% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 31
First half 2026 earnings released: EPS: US$0.078 (vs US$0.065 in 1H 2025) First half 2026 results: EPS: US$0.078 (up from US$0.065 in 1H 2025). Revenue: US$3.59b (up 6.7% from 1H 2025). Net income: US$196.0m (up 20% from 1H 2025). Profit margin: 5.5% (up from 4.9% in 1H 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Commercial Services industry in Germany. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €4.15, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Commercial Services industry in Germany. Duyuru • Jul 30
Rentokil Initial plc Recommends Interim Dividend, to Be Paid on 21 September 2026 Rentokil Initial plc recommending an interim dividend of 4.48 cents per share, up 8.0% year-on-year, in line with the Company's progressive dividend policy. The dividend is first determined in US dollars and the sterling amount will be announced on 27 August 2026 using the average of the market exchange rates for the three working days commencing 24 August 2026, using the closing spot rate. The dividend is payable to shareholders on the register at the close of business on 14 August 2026, to be paid on 21 September 2026. The last day for DRIP elections is 28 August 2026. Duyuru • Jul 09
Rentokil Initial plc Announces Appointment of Therese Marie Esperdy as Director, Effective July 1, 2026 Rentokil Initial plc announced the appointment of Ms. Therese Marie Esperdy as director. Date of appointment is July 1, 2026. Duyuru • May 23
Rentokil Initial plc Announces the Appointment of Rafael "Rafa" Carrasco as Chief Executive Officer, North America, Effective 3 August, 2026 Rentokil Initial plc announced the appointment of Rafael "Rafa" Carrasco as Chief Executive Officer, North America, commencing 3 August. Rafa joins the Company with a distinguished track record of leadership in large-scale, route-based service industries. He most recently served as President of WM Healthcare Solutions and Senior Vice President of Strategy at WM (previously known as Waste Management Inc.), where he oversaw multi-site operations with 200+ branches and over 10,000 corporate and field-based employees across the U.S., Canada, the U.K., Ireland and Western Europe. He is highly experienced at executing a recurring revenue model, serving commercial and residential customers. Professional Highlights: Extensive Operational Leadership: Rafa has held numerous senior leadership roles over a 10-year career at WM. Prior to serving as President of WM Healthcare Solutions, Rafa led WM's East region, where he enabled disciplined growth through leveraging process and technology solutions focusing on consistent service delivery to customers, reducing frontline turnover and improving operational efficiency. Strategic Transformation: As SVP of Strategy, he led enterprise-level transformation initiatives, using data and technology to optimise operations and drive continuous improvement. Integration Expertise: Rafa led the integration of Stericycle, a $7.2bn acquisition, delivering standout first year cost synergies and establishing a path toward higher synergies over time. Professional Education: Holds a BBA Marketing and an MBA Operations Management from the University of Houston. Alain Moffroid, the current interim CEO, North America, will remain on the NA leadership group supporting Rafa and the team as they continue executing their growth plan. He will support the Company through the end of 2027. Rafa Carrasco: Career Summary at WM President of WM Healthcare Solutions Houston, Texas | Nov. 2024 – Present; Senior Vice President - Enterprise Strategy Houston, Texas | Oct 2023 – Present; Senior Vice President - Field Operations - East Houston, Texas | Jul 2021 - Oct 2023; Area Vice President ? Greater Mid-Atlantic | Apr. 2017 - Jul 2021; Area Vice President Eastern Canada | Nov. 2016 - Apr. 2017; Vice President - Special Projects Houston, Texas | Jul 2016 - Nov. 2016; Prior to WM, he spent 6 years in General Management roles at Sims Metal Management Limited and 13 years at ESCO Marine. Buy Or Sell Opportunity • Apr 29
Now 20% undervalued Over the last 90 days, the stock has risen 4.4% to €5.69. The fair value is estimated to be €7.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 8.9%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Duyuru • Apr 16
Rentokil Initial plc Appoints Thérèse Esperdy as Chair of the Board Rentokil Initial plc announced the appointment of Thérèse Esperdy as Chair of the Board commencing September 1, 2026. She will join the Board as a Non-Executive Director and Chair-designate on July 1, 2026. This appointment follows the announcement on March 5, 2026 that Richard Solomons, who has served as the Chair of the Company since 2019, had informed the Board of his intention to retire from the Company. Thérèse is currently Non-Executive Chair of Imperial Brands plc, a position from which she will retire following their November 2026 Board meeting and Fiscal Year 2026 results announcement, having served on the Board since July 2016. She is also the Senior Independent Director designate of Smith & Nephew plc and a Non-Executive Director of Moody's Corporation. Thérèse was previously Senior Independent Director of National Grid plc. In her executive career, Thérèse held senior leadership roles with JP Morgan including Global Chair of their Financial Institutions Group, Co-head of Asia-Pacific Corporate & Investment Banking and Global Head of Debt Capital Markets. The Board determined that Thérèse Esperdy is an independent Non-Executive Director on appointment in accordance with the UK Corporate Governance Code. She will succeed Richard Solomons as Chair of the Nomination Committee on September 1, 2026. Richard Solomons will retire from the Board with effect from midnight on August 31, 2026. Upcoming Dividend • Apr 03
Upcoming dividend of US$0.082 per share Eligible shareholders must have bought the stock before 09 April 2026. Payment date: 18 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). New Risk • Mar 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (108% payout ratio). Large one-off items impacting financial results. Buy Or Sell Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €5.49. The fair value is estimated to be €6.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.3%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: US$0.12 (vs US$0.15 in FY 2024) Full year 2025 results: EPS: US$0.12 (down from US$0.15 in FY 2024). Revenue: US$6.91b (up 1.5% from FY 2024). Net income: US$290.0m (down 25% from FY 2024). Profit margin: 4.2% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Germany. Duyuru • Mar 06
Rentokil Initial plc Announces Retirement of Richard Solomons as Chair of the Board Rentokil Initial plc announced that Richard Solomons, Chair of the Board, has informed the Board of his intention to retire, once a successor has been appointed. The search for a new Chair is underway and, in accordance with the UK Corporate Governance Code, is being led by the Senior Independent Director, John Pettigrew, supported by the Nomination Committee. The Board is committed to ensuring a smooth transition, and Richard will continue to lead the Board until his successor has been appointed and assumed Chair responsibilities. The Board thanks Richard for his strong leadership and significant contributions to the Company and looks forward to continuing to work with him until his successor is in place. Richard has served as the Chair of Rentokil Initial plc since 2019. Duyuru • Mar 05
Rentokil Initial plc, Annual General Meeting, May 07, 2026 Rentokil Initial plc, Annual General Meeting, May 07, 2026. Location: the companys offices, compass house, manor royal, crawley, west sussex, rh10 9py, United Kingdom Duyuru • Feb 20
Terminix Launches its New “Termite Tour,” a Staged Simulation Designed to Expose the Hidden Reality of Termite Activity Terminix, a Rentokil Terminix company, launched its new “Termite Tour,” a staged simulation designed to expose the hidden reality of termite activity. The activation centers on a tiny Miami-inspired luxury replica home, where live Formosan termites were introduced to show how quickly hidden structural damage can develop, highlighting a costly and often invisible risk for homeowners nationwide. According to the National Pest Management Association, termites cause an estimated $6.8 billion in damage and treatment costs annually. The termites were introduced and allowed to feed for three weeks in the replica tiny home, revealing both visible and structural deterioration, from compromised wood and flooring to internal damage that developed long before outward warning signs appeared. Luxury real estate broker Fredrik Eklundshowcased the home during the demonstration, observing firsthand how termite activity quietly compromised the structure's integrity. The Termite Tour simulation, guided by Hunter Bergbower, Senior Entomologist at Terminix, brings termite risk into sharp focus for homeowners, particularly in high-risk regions like Florida, where termite activity persists year-round. Early detection is one of the most effective ways to reduce repair costs. According to Terminix, homeowners should watch for these early warning signs: Termite swarmers: Swarms are comprised of winged termites looking to start a new colony. Discarded wings: After swarming, termites shed their wings, which are often found in small piles on windowsills or near light fixtures. Mud tubes: Look for pencil-sized tubes on a structure’s foundation. Subterranean termites use these to travel from soil to a home or a building’s wood. Wood damage: If the wood sounds hollow when tapped, or if galleries or tunnels are visible in floorboards, it could be an indication of termite wood deterioration. Board Change • Nov 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Sam Mitchell was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Sam Mitchell was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
