1 The 2030 Ambition is not, and should not be construed as, a profit forecast for any specific financial period. It represents an aspirational target intended to outline future goals. Such forward-looking statements are subject to risks, uncertainties, and assumptions, and actual results may differ materially. In particular, M&A activity is inherently uncertain, aspirational and subject to factors beyond management's control.  Therefore, there can be no certainty the 2030 Ambition will be achieved.

2 Refer to the Discontinued Operations note for further details

3 Constant currency ('CC') represents the retranslation of foreign denominated current year results at prior year exchange rates

4 Refer to Alternative Performance Measures for further details

Contact information

Presentation of results - audio webcast and conference call details

Group management will host a live audio webcast and conference call of the presentation at 9.00am BST today. The access details are as follows:

Ireland:                 +353 (0) 1 691 7842
UK:                         +44 (0) 20 3936 2999
International:     +44 (0) 20 3936 2999
Passcode:            309627
Webcast link:      https://www.investis-live.com/dcc/69fa16933d1719000fc81a3e/vfeq

This report, presentation slides and a recording of the webcast will be made available at www.dcc.ie.

About DCC plc

DCC plc is a leader in multi-energy sales and distribution in Europe and the US.

We serve millions of customers across the commercial & industrial, public and domestic sectors. We deliver mainly off-grid energy solutions, led by liquid gas, and operate services stations and fleet services. We supply the secure, cleaner and competitive energy our customers need, supporting industrial processes, heating homes, and keeping transport moving. We do this while supporting customers through the transition with the energy and services they need next.

Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100. In our financial year ended 31 March 2026, DCC generated revenues of £15.4 billion and adjusted operating profit of £634.0 million. DCC Energy has an excellent record, delivering compound annual growth of 14% in adjusted operating profit and unbroken dividend growth of 13% while maintaining high returns on capital employed over 32 years as a public company.

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www.dcc.ie

Forward-looking statements

This announcement contains some forward-looking statements that represent DCC's expectations for its business, based on current expectations about future events, which by their nature involve risk and uncertainty. DCC believes that its expectations and assumptions with respect to these forward-looking statements are reasonable, however because they involve risk and uncertainty as to future circumstances, which are in many cases beyond DCC's control, actual results or performance may differ materially from those expressed in or implied by such forward-looking statements.

Strategic PROGRESS update

Proposed change of name of company to reflect our strategy

Reflecting the strategic progress set our below and consistent focus on energy, DCC proposes, subject to shareholder approval, to change its name from DCC plc to DCC Energy plc, with effect from shortly following the conclusion of the Company's Annual General Meeting on 16 July 2026.

DCC Energy growth strategy

In November 2024, DCC announced its plan to simplify the Group's operations and focus on the growth and development of DCC Energy, the largest and highest returning division of the Group. We are making strong progress towards our ambition to double Energy operating profit to £830 million by 2030 from the 2022 base year. This progress is being driven by a combination of disciplined organic growth and targeted M&A5. DCC Energy benefits from attractive end‑market fundamentals, strong organic growth prospects and a highly cash‑generative business model, providing a strong platform to fund continued growth and deliver sustainable value for shareholders.

Sale of DCC Healthcare

In September 2025, DCC announced that it had completed the sale of DCC Healthcare to HealthCo Investment Limited, an independently managed investment subsidiary of funds managed and/or advised by Investindustrial Advisors Limited. Further details on the transaction can be found in DCC's stock exchange announcements of 22 April 2025 and 10 September 2025.

Return of capital to shareholders

On 13 May 2025, DCC announced its intention to return £800 million to shareholders following the sale of DCC Healthcare. The Group commenced this return of capital in May 2025 with a £100 million on-market share buyback programme, which completed in September 2025. Under this programme, 2.1 million shares were repurchased at an average price of £47.19 per share, representing 2.1% of issued share capital. DCC subsequently completed a £600 million tender offer, which was finalised in December 2025. The tender offer was fully subscribed, with 11.6 million shares repurchased at £51.70 per share, representing 12.0% of issued share capital.

For the 12 months to 31 March 2025, DCC Healthcare accounted for 12.2% of total adjusted operating profit of the Group. DCC has repurchased 13.9% of the share capital in issue at 31 March 2025.

The final £100 million is expected to be returned to shareholders following receipt of the unconditional deferred consideration payable in respect of DCC Healthcare, anticipated in Autumn 2027.  

DCC Technology

In November 2025, DCC announced the completion of the sale of DCC Technology's Info Tech business to AURELIUS, a globally active private equity investor. Further details on the transaction are set out in DCC's stock exchange announcements dated 14 July 2025 and 3 November 2025.

The remainder of DCC Technology provides intelligent technology solutions across professional AV, professional audio, enterprise infrastructure, and consumer technologies. It is predominantly based in North America, with a smaller business in Europe. During the year, the business was rebranded as Nexora, reflecting its positioning as one of the world's leading value-added distributors of specialist professional technologies. The sale process has formally commenced and is progressing in line with expectations. It remains DCC's intention to have reached agreement for the sale of the business by the end of calendar year 2026. The Board will review the use of any disposal proceeds in line with DCC's capital allocation policy.

PERFORMANCE Review

A summary of the Group's results for the year ended 31 March 2026 is as follows:

Income Statement Review

Group revenue - continuing operations

Group revenue decreased by 2.9% (-4.2% on a constant currency basis) to £15.4 billion, reflecting lower revenue across both DCC Energy and DCC Technology.  

Revenue is not a primary performance measure for DCC Energy as reported revenue is significantly influenced by movements in underlying commodity prices, while the business predominantly operates on a unit margin basis. Accordingly, performance in Energy Products and Mobility is assessed primarily through volume and margin trends rather than revenue.

DCC Energy sold 14.7 billion litres of product in the year, a decrease of 3.2% compared with the prior year. Volumes in Energy Products declined by 3.1%, largely reflecting lower commercial volumes in our Nordic region, the impact of milder weather (particularly in France) and the disposal of the liquid gas business in Hong Kong & Macau in the prior year. Fuel volumes in Mobility decreased by 3.4%, reflecting network optimisation initiatives and proactive management actions which resulted in lower, but more profitable, volumes.

In contrast, revenue is a key measure of performance in Energy Services, where revenues increased by 1.7% to £342.0 million, reflecting higher levels of solar installation activity, however a change in mix, margin compression and increased costs resulted in a weak profit outcome for the year.

Revenue in DCC Technology was £2.5 billion, a decrease of 3.4% (-1.3% on a constant currency basis).  

Group adjusted operating profit - continuing operations

Group adjusted operating profit increased by 3.6% (2.8% on a constant currency basis) to £634.0 million. Further details of the operating performance of DCC Energy and DCC Technology are set out on pages 7 to 10.

The impact of foreign exchange (FX) translation, M&A activity and organic performance on continuing Group adjusted operating profit, across both DCC Energy and DCC Technology, is analysed below.

The net impact of foreign exchange translation in the year was a positive of 0.8%, equivalent to £5.0 million, in the growth of continuing Group adjusted operating profit. Foreign exchange movements contributed positively in DCC Energy, adding 1.7%, while having an adverse impact of 4.8% in DCC Technology. This reflected average sterling exchange rates strengthening against the US Dollar, while weakening against the Euro and certain other Group reporting currencies over the year.

The net impact of M&A in the year was a positive contribution of 0.5%. This modest contribution reflects prior year acquisitions, together with FLAGA in Austria, which completed in November 2025 (+1.2%). This was partly offset by the impact of the disposal of our liquid gas business in Hong Kong & Macau in the prior year (-0.7%).

The Group's organic operating profit increased by 2.3%, reflecting organic growth in both DCC Energy and DCC Technology.

Discontinued operations

On 3 November 2025, DCC announced the completion of the sale of DCC Technology's Info Tech business. The conditions for the Info Tech businesses to be classified as a discontinued operation, along with a smaller DCC Technology business in the Netherlands, have been satisfied, and, accordingly, the results of these businesses are presented as discontinued operations in the Group Income Statement.

In addition, the Group announced the completion of the sale of DCC Healthcare on 10 September 2025. The conditions for the Healthcare division to be classified as a discontinued operation were satisfied in the year ended 31 March 2025, and, accordingly, the results of this division continue to be presented as discontinued operations in the Group Income Statement for the year ended 31 March 2026.

The prior year comparatives have been restated accordingly.

Performance Review

-    DCC Energy delivered 3.5% operating profit growth in the year (+1.8% constant currency). Trading improved through the second half, with the end of year benefiting modestly from increased demand arising from the conflict in the Middle East.

-   Solutions recorded a solid overall performance, with profit growth in Energy Products more than offsetting a decline in Energy Services, reflecting a softening in customer investment in energy transition.

-     Mobility continued to grow operating profit, reflecting disciplined operational execution.

-     Execution of our growth strategy continued, with a number of acquisitions completed and committed to during the year. Notably,   we expanded our liquid gas footprint across Europe.

Solutions (Energy Products and Energy Services)

Our Solutions business operates across four regions: Continental Europe, the UK & Ireland, the Nordics and North America, providing customers with a broad range of Energy Products and Energy Services. Operating profit in Solutions increased by 1.9%, driven by a strong performance in Energy Products. In line with the typical seasonality of the business, profitability was weighted towards the second half of the year.

Energy Products

Energy Products delivered strong operating profit growth for the year of 11.1%, with an excellent performance in the second half achieving operating profit growth of 20.0%. Volumes declined by 3.1%, largely reflecting lower commercial volumes in our Nordic region, the impact of milder weather (particularly in France) and the disposal of our liquid gas business in Hong Kong & Macau in the prior year.

Operating profit in Continental Europe was ahead of the prior year, with strong profit growth delivered in the second half. In France, operating profit was broadly in line with the prior year. While volumes remained robust, demand from residential and agricultural customers was weaker year-on-year. Trading in Germany benefited from operational efficiencies generated from the integration of Progas with our existing businesses, delivering strong profit growth. The FLAGA acquisition in Austria completed in late November and performed well.

The UK & Ireland performed well, delivering good operating profit growth. In Ireland, we delivered strong profit growth, driven by the gas & power business which returned to growth in the second half. We have continued to invest in the infrastructure and systems to grow this business and achieved strong growth in customer numbers in the year. Our businesses in Britain achieved good profit growth in the year, despite a decline in volumes. The profit growth was delivered through relatively higher demand from higher margin segments and good operational efficiencies. Customer demand increased towards the year end, driven by developments arising from the conflict in the Middle East. 

The Nordics business delivered a robust performance despite a challenging market environment. Strong margin management offset lower commercial volumes, reflecting disciplined execution and commercial focus.

The business in North America recorded strong growth, following a weaker performance in the prior year. The performance was driven by strong margin discipline and effective cost management. Investments made in IT infrastructure and the management team in recent years continued to deliver benefits, supporting both profitability and operational efficiency.

Energy Services

Energy Services performance was disappointing, reflecting very challenging market conditions in the UK & Ireland, where customer demand reduced significantly in the second half of the year. Performance was further impacted by margin compression from increased price competition, regulatory changes, an adverse mix effect and ongoing investment in the business.

In Continental Europe, although activity levels were ahead of the prior year, lower margins resulted in operating profit modestly behind the prior year. In France, we have continued to invest in the operational capability in the business which enabled the delivery of good revenue growth and increased project delivery, resulting in modest profit growth. In contrast, the remainder of Continental Europe experienced weaker customer demand and contracting margins, resulting in lower operating profit. 

Trading conditions in the UK & Ireland were particularly challenging, with weak customer demand impacting performance. Customers have temporarily stepped back from discretionary sustainability spend, with a clear focus on cost and short-term energy security. We continued to invest in the business, notably in strengthening management capability to support future growth. We also incurred some one-off costs in the second half of the year as we rationalised parts of the business in response to the weaker market. However, this investment, together with these one-off costs, regulatory changes and the reduced market demand, resulted in a disappointing performance for the year.

Energy Services remains strategically important and well positioned for a recovery. We are encouraged by early signs of stabilisation in demand and believe market conditions are showing early signs of improvement. The post‑war environment in Europe is likely to refocus attention on energy security, resilience and system efficiency, all areas where energy services play an important role.

Our Mobility business operates a network of retail service stations and truck stops, alongside fleet services spanning fuel cards, telematics and digital truck parking.

Mobility delivered another strong performance for the full year, with an excellent performance in the second half of the year. Operating profit for the year grew by 8.6%, with organic growth of 5.6%. The business delivered very strong growth in both fuel and non-fuel gross profit. 

Across our retail service station network in France, Luxembourg, the UK and the Nordic region (where trading was particularly strong) volumes declined by 3.4% and fuel gross margin increased by 7.9%. This performance was driven by network optimisation, product procurement initiatives and focused pricing discipline which allowed us improve pricing across the business while maintaining market share. In addition, we continued to broaden and enhance our non‑fuel offering across the network, including further development of convenience retail, car wash facilities and electric vehicle charging infrastructure.

Investment in our retail service stations during the year focused on optimisation of our network, including continued development of motorway service stations and priority locations. Net capital expenditure remained focused on long‑term value creation and was broadly in line with depreciation, ensuring the business continues to modernise and adapt its infrastructure while maintaining strong returns.

Non‑fuel services performed very strongly with gross profit increasing by an excellent 17.4% for the year. Fleet services again represented the majority of non‑fuel gross profit, supported by strong organic growth across fuel card, telematics and digital truck offerings. We continued to enhance customer propositions, improving functionality, digital capability and service levels for our fleet customers.

-     In November 2025, DCC completed of the sale of DCC Technology's Info Tech business to AURELIUS⁷.

-   The continuing DCC Technology business provides intelligent technology solutions across professional AV, professional audio, enterprise infrastructure, and consumer technologies. It is predominantly based in North America, with a smaller business in Europe. During the year, the business was rebranded as Nexora, reflecting its positioning as one of the world's leading value-added distributors of specialist professional technologies.  

-    Overall revenue in the continuing business was marginally behind the prior year. Performance in the early part of the year was impacted by lower customer confidence and market disruption in key North American markets following the introduction of US tariffs. Trading conditions improved as the year progressed, with performance strengthening as key markets recovered. European operations also delivered a robust performance, with strong growth in the Nordics in particular.

-   The improvement in operating profit was driven by gross margin enhancement initiatives and effective cost control actions, including freight and warehouse consolidation in North America.

-   The sale process for DCC Technology has formally commenced and is progressing in line with expectations. It remains DCC's intention to have reached agreement for the sale of the business by the end of calendar year 2026.

income statement review

Finance costs (net) and other

Net finance costs and other, which includes the Group's net financing costs, lease interest and the share of profit of associated businesses, decreased to £87.1 million (2025: £100.4 million). Average net debt, excluding lease creditors, reduced to £1.1 billion, compared to £1.3 billion in the prior year, benefiting from the cash proceeds received from the sale of DCC Healthcare. This reduction, combined with a lower interest rate environment on our floating rate gross debt were the main drivers of the decrease in finance costs.

At 31 March 2026 approximately 75% of the Group's gross debt is at fixed rates (2025: 75%). Interest was covered 9.8 times10 by Group adjusted operating profit before depreciation and amortisation of intangible assets (2025: 8.0 times) on a continuing basis.