Support services firm DCC posts drop in revenue and profit 

Chief executive of DCC Donal Murphy. 

Irish support services firm DCC has reported a drop in revenue and operating profit during the first half of its current financial year as its energy division was impacted by milder weather in the first quarter, and lower commercial demand in a few markets.

In its interim results, for the six months ending September 30, DCC reported £7.38bn (€8.4bn) in revenue - down by 7.1% year-on-year - while its operating profit declined by 5.4% to £206.7m year-on-year.

The decline was primarily due to lower revenue in its energy division DCC Energy, reflecting lower commodity prices and a decline in volumes.

In its Energy Solutions division, operating profit was 10% lower than the previous year at £101.8m. In the first quarter, profit was lower than the prior year. The company said that trading improved in the second quarter.

Energy products are the most substantial part of the Solutions division which includes liquid gas, liquid fuels, grid gas and power. Operating profit in this area declined by 12.8%.

Energy services accounted for 9% of DCC Energy operating profit in the first half of the year. Revenue increased by 14.3% and gross profit grew by 16.3%.

Its mobility business, which operates retail services stations and truck stops for vehicles and provides fleet services across fuel cards, telematics and digital truck parking, saw its operating profit increase by 2.8%.

The company said its energy volume sales were impacted by the disposal of its Hong Kong and Macau business in the prior year along with milder weather in the first quarter, and lower commercial demand in a few markets.

Revenue in Energy Services increased by 14.3% to £177m.

Revenue in its DCC Technology division was £1.3bn, a decrease of 2.7%. It said a good performance in its professional AV and audio products in North America was offset by weak consumer demand and the impact of tariff uncertainty in lifestyle products.

DCC Technology recorded an operating profit of £33.4 million, a decline of 6.9%. Most of the operating profit of the business originates in North America, with the company stating the “currency translation impact was significant in the first half of the year”.

“Therefore, on a constant currency basis operating profit declined marginally by 2.0%.” 

In November 2024, the company made the decision to focus on its energy division and put up for sale both its healthcare as well as the technology division’s info and tech business in the UK and Ireland. Since then both of these sales have been completed.

Its healthcare division was sold in September this year to HealthCo Investment Limited while the sale from its technology division was to private equity investor AURELIUS which was completed earlier this month.

“It is our intention to have reached agreement for the sale of our remaining technology business by the end of calendar year 2026,” the company said.

In October, DCC Energy announced it had agreed to acquire FLAGA GmbH, a distributor of liquid gas in Austria. The business sells and distributes approximately 45m litres of liquid gas annually via its nationwide supply, filling and distribution network.

The transaction is subject to customary regulatory approval and expected to complete by the end of our financial year.

Separately in October 2025, DCC acquired the AvantiGas liquid gas cylinder business in the UK.

Chief executive of DCC Donal Murphy said the company has expanded its liquid gas activities in Europe, “a priority for growth where we have a good pipeline of further development opportunities”.

“We continue to expect good profit growth for the full year in line with market expectations, demonstrating our resilient business model. We’re on track to deliver our 2030 ambition.”