Rentokil Initial plc (NYSE:RTO) is one of the 12 Best UK Stocks to Buy According to Hedge Funds. On March 16, 2026, Citi analyst Marc Van’T Sant raised the price target on Rentokil Initial plc (NYSE:RTO) to 575 GBp from 550 GBp previously and maintained a Buy rating on the shares. On March 12, 2026, UBS analyst Nicole Manion upgraded Rentokil to Buy from Neutral and raised the price target to 540 GBp from 430 GBp, marking the first positive stance since 2020. UBS said organic volumes appear set to return ...

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Core Insights - The article emphasizes the advantages of a dividend-focused value investment strategy, highlighting its focus on capital preservation and consistent income growth [1] Group 1: Investment Strategy - The strategy prioritizes high-quality value stocks that provide significant growth potential and long-term safety [1] - The author shares insights from a diversified dividend stock portfolio, indicating a preference for stocks that yield steady dividends [1] Group 2: Engagement and Community - The author encourages readers to engage through direct messaging, Twitter, or comments, fostering a community around financial independence [1]

I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over long periods of time.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2026 Commission File Number: 001-41524 ___________________________________ Rentokil Initial plc (Registrant's name) ___________________________________ Compass House Manor Royal Crawley West Sussex RH10 9PY United Kingdom (Address of principal executive office) Indicate by check mark whether the re ...

Core Insights - Rentokil Initial demonstrated strong cash performance with free cash flow from continuing operations increasing by 24.5% to $615 million, achieving a conversion rate of 98% [1][6] - The company reported a 3.8% increase in group revenue to $6.9 billion for 2025, with adjusted operating profit rising by 5.4% to just over $1 billion, resulting in an adjusted operating margin of 15.5% [2][6] - Management highlighted encouraging progress in North America, driven by improved performance and margin expansion, alongside revised commercial initiatives and cost-efficiency actions [3][5] Financial Performance - Adjusted basic EPS increased by 2.4% to $0.2591, with an adjusted interest charge of $204 million, reflecting the cost of additional bond debt issued [2] - Group revenue for 2025 reached $6.9 billion, with organic revenue growth of 2.6% [2] - Free cash flow conversion was significantly above prior guidance, attributed to disciplined working capital management and one-off benefits [1][6] North America Strategy - North America revenue grew by 3.2% to $4.3 billion, with organic growth of 2.3%, and Pest Control Services organic growth reaching 1.1% [7] - The company plans to expand its multi-brand strategy aggressively, supporting around 30 regional and local brands while retiring about 50 smaller brands [11] - A satellite branch rollout is ongoing, with plans to increase from approximately 150 local branches to around 220 by the end of 2026 [12] Cost Management and Efficiency - The company achieved $25 million in savings through efficiency programs, including organizational simplification and outsourcing [9] - Headcount reductions exceeded 500 roles by the end of 2025, with around 430 roles offshored [9] - Management noted that central costs rose to $191 million, reflecting inflation and investments in technology and AI capabilities [16] Technology and AI Initiatives - Rentokil is scaling AI tools, including Google Gemini, to approximately 60,000 colleagues, with over 1 million uses recorded in the first six months [19] - The company is developing AI applications such as "PestConnect Optics" for rodent identification and an internal AI portal called "RatGPT" [19] - Management introduced "Branch 360," a unified reporting solution to enhance visibility and accountability across branches [13] International Performance - International revenue (outside North America) grew by 4.8% to $2.6 billion, with organic growth of 3.0% [15] - Adjusted operating profit for international operations increased by 5.7% to $518 million, with a margin improvement of 20 basis points to 19.8% [15]

Financial Data and Key Metrics Changes - Group revenues increased by 3.8% to $6.9 billion, with organic revenue growth of 2.6% [7] - Adjusted operating profit rose by 5.4% to just over $1 billion, resulting in a group adjusted operating profit margin of 15.5%, a 30 basis point increase year-on-year [7] - Free cash flow grew by 24.5% to $615 million, with a free cash flow conversion rate of 98% [8][20] - Adjusted basic EPS increased by 2.4% to $0.2591 [8] Business Line Data and Key Metrics Changes - North America revenue grew by 3.2% to $4.3 billion, with organic growth of 2.3% [9] - Pest Control Services saw a 1.1% increase, while Business Services grew by 8.9% [9] - Fourth quarter organic revenue growth in Pest Control Services improved to 2.6% from 1.8% in the third quarter [11] - Business Services achieved fourth quarter organic growth of 7.8% [12] Market Data and Key Metrics Changes - International business revenue grew by 4.8% to $2.6 billion, with organic revenue up 3% [17] - Strongest performance in Europe driven by healthy demand and solid pricing in Southern Europe [17] - Customer retention remained strong at 85.7%, with colleague retention at 90.3% [18] Company Strategy and Development Direction - Focus on expanding the multi-brand strategy, deploying around 30 regional and local brands [4] - Plans to increase the network of small local branches to around 220 [4] - Emphasis on operational efficiency and cost reduction, targeting a North America margin above 20% by 2027 [26][27] - Continued investment in technology and AI to enhance operational efficiency and customer service [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects of the pest control market, projecting a 6.2% CAGR through to 2035 [28] - Encouraging signs of progress in North America with improved organic growth in the second half of 2025 [26] - Management acknowledged challenges from extreme weather in early 2026 but remains optimistic about meeting market expectations [27] Other Important Information - The company completed 12 bolt-on acquisitions in North America, with combined revenues of approximately $27 million prior to purchase [10] - The termite provision increased by $201 million, reflecting ongoing litigation claims and inflationary pressures [19] - The company is targeting a free cash flow conversion above 80% moving forward [23] Q&A Session Summary Question: How does the company balance the cost of expanding branches and maintaining visibility? - Management believes that the new Branch 360 system will enhance visibility and control across branches, reducing the risk of independence among smaller branches [54][55] Question: What are the expectations for termite costs and one-off integration costs in the coming years? - The cash costs for termite provisions are expected to remain around $95 million in 2026, with ongoing efforts to resolve claims quickly [57][58] Question: Can you provide insights on the door-to-door pilot program's contribution to new sales? - The door-to-door program had a modest contribution to revenue, but management sees potential for growth in this channel moving forward [64][65] Question: What are the drivers behind the strong growth in Business Services? - Business Services benefited from a strong finish in the distribution business and new account wins, although growth rates may not be as high in 2026 [66][68] Question: What is the plan for retiring certain brands? - The company plans to retire 50 smaller brands that do not significantly contribute to revenue, focusing on those with stronger brand equity [72][73] Question: What feedback has been gathered regarding the new pay plans for technicians? - The new pay plans are designed to be pragmatic, allowing existing technicians to choose between their current plan or the new one, with no significant additional costs expected [74]

Financial Data and Key Metrics Changes - Group revenues increased by 3.8% to $6.9 billion, with organic revenue growth of 2.6% [7] - Adjusted operating profit rose by 5.4% to just over $1 billion, resulting in a group adjusted operating profit margin of 15.5%, a 30 basis point increase year-on-year [7] - Free cash flow grew by 24.5% to $615 million, with a free cash flow conversion rate of 98% [8][20] - Adjusted basic EPS increased by 2.4% to $0.2591 [8] Business Line Data and Key Metrics Changes - North America revenue grew by 3.2% to $4.3 billion, with organic growth of 2.3% [9] - Pest Control Services saw a 1.1% increase, while Business Services grew by 8.9% [9] - Fourth quarter organic revenue growth in Pest Control Services improved to 2.6% from 1.8% in the third quarter [11] - Business Services achieved fourth quarter organic growth of 7.8% [12] Market Data and Key Metrics Changes - International revenue grew by 4.8% to $2.6 billion, with organic revenue up 3% [17] - Strongest performance in Europe driven by healthy demand and solid pricing in Southern Europe [17] - Customer retention remained strong at 85.7%, with colleague retention at 90.3% [18] Company Strategy and Development Direction - Focus on expanding the multi-brand strategy, deploying around 30 regional and local brands [4] - Plans to increase the network of small local branches to around 220 [4] - Emphasis on operational efficiency and cost reduction, targeting a North America margin above 20% by 2027 [26][27] - Continued investment in technology and AI to enhance operational efficiency and customer service [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects of the pest control market, projecting a 6.2% CAGR through to 2035 [28] - Encouraging signs of progress in North America, with improved growth in the second half of the year [26] - Management acknowledged challenges from extreme weather in early 2026 but remains optimistic about meeting market expectations [27] Other Important Information - The company completed 12 bolt-on acquisitions in North America, with combined revenues of approximately $27 million prior to purchase [10] - The termite provision increased by $201 million, reflecting ongoing litigation claims and inflationary pressures [19] - The company plans to retire 50 smaller brands that do not contribute significantly to revenue [72] Q&A Session Summary Question: How does the company balance the cost of expanding branches and maintaining visibility from a central perspective? - Management believes there is no risk of losing control over smaller branches, as the new Branch 360 system will provide better visibility and consistency across all branches [54][55] Question: What are the expectations for termite costs and one-off integration costs in the coming years? - The cash costs for termite provisions are expected to remain around $95 million in 2026, with a strategy to resolve claims quickly [57][58] Question: Can you provide insights on the door-to-door pilot program and its contribution to new sales? - The door-to-door program had a modest contribution to revenue, but management sees potential for growth in this channel moving forward [64][65] Question: What are the drivers behind the strong growth in Business Services despite challenges in vector control services? - Business Services benefited from a strong finish in the distribution business and new account wins, although growth rates may not be as high in 2026 [66][68]

Financial Data and Key Metrics Changes - Group revenues increased by 3.8% to $6.9 billion, with organic revenue growth of 2.6% [6] - Adjusted operating profit rose by 5.4% to just over $1 billion, resulting in a group adjusted operating profit margin of 15.5%, a 30 basis point increase year-on-year [6] - Free cash flow grew by 24.5% to $615 million, with a free cash flow conversion rate of 98% [8][20] - Adjusted basic EPS increased by 2.4% to $0.2591 [7] Business Line Data and Key Metrics Changes - North America revenue grew by 3.2% to $4.3 billion, with organic growth of 2.3% [9] - Pest Control Services saw a 1.1% increase, while Business Services grew by 8.9% [9] - International business revenue grew by 4.8% to $2.6 billion, with organic revenue up 3% [17] Market Data and Key Metrics Changes - The global pest control market expanded from $15.4 billion a decade ago to an estimated $29 billion in 2025, representing a 6.6% compound annual growth rate [27] - The market forecast for growth in the pest control industry remains healthy, with a projected 6.2% CAGR through to 2035 [27] Company Strategy and Development Direction - The company plans to expand its multi-brand strategy, deploying around 30 regional and local brands instead of the previously indicated 9 [4] - Focus on creating a unified field operation and enhancing local presence through the rollout of small local branches [4][41] - Emphasis on leveraging technology and AI to optimize marketing and operational efficiency [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the revised North America strategy, noting improvements in growth in the second half of the year [25] - The company is optimistic about achieving a North America margin above 20% by 2027 [26] - Management acknowledged challenges from extreme weather in early 2026 but remains confident in meeting market expectations [26] Other Important Information - The company completed 12 bolt-on acquisitions in North America, with combined revenues of approximately $27 million prior to purchase [10] - The termite provision increased by $201 million, reflecting ongoing litigation claims and inflation in related costs [19] - The board recommended a full-year dividend of $0.1239 per share, an increase of 3% [9] Q&A Session Summary Question: How does the company balance the cost of expanding branches and maintaining visibility? - Management indicated that the new Branch 360 system will enhance visibility and control across branches, mitigating risks associated with independence [54][55] Question: What are the expectations for termite costs and one-off integration costs in the coming years? - Management expects termite cash costs to remain around $95 million in 2026, with ongoing efforts to resolve claims quickly [57][58] Question: Can you provide insights on the door-to-door pilot program and its contribution to sales? - The door-to-door program was a modest contributor to revenue, with plans to expand from 25 to 40 territories in 2026 [64][65] Question: What are the drivers behind the strong growth in Business Services? - Business Services benefited from a strong finish in the distribution business and new account wins, although growth rates may not be as high in 2026 [66][68] Question: What criteria were used for rebranding retiring brands? - The decision to retire 50 smaller brands was based on their limited economic footprint and brand equity, with plans to phase them out gradually [73][74] Question: What feedback has been received regarding the new pay plans for technicians? - Management noted that the new pay plan is designed to be pragmatic, allowing existing technicians to choose between the new plan or their current one, with no significant additional costs expected [75][76]

Full Year Results 2025 Delivering the Powerhouse in Pest Control 5 March 2026 1 This communication presents certain non-IFRS measures, which should not be viewed in isolation as alternatives to the equivalent IFRS measure; rather they should be viewed as complements to, and read in conjunction with, the equivalent IFRS measure. Non-IFRS measures presented also include Organic Revenue Growth, One-off and adjusting items, Adjusted Interest, Adjusted Operating Profit, Adjusted Profit Before and After Tax, Adju ...