Roadside Real Estate (AIM:ROAD), the UK energy forecourt and convenience retail real estate business listed on AIM, reported interim results for the six months to 28 March dominated by acquisition activity, with Gardner Retail its first completed petrol filling station portfolio, acquired in February 2026 for £17.5 million net consideration.
The Gardner Retail deal, comprising six stations in the Cheltenham area generating approximately 22 million litres of fuel sales in the prior full year, was funded partly by a £20.75 million equity raise completed in February 2026.
Post-period, Roadside completed the acquisition of the 12-station Hoch Group portfolio in Cumbria and Northwest England for £28.6 million on 16 June, funded in part by a new £25 million HSBC debt facility, and contracted to acquire D A Roberts Fuels and a standalone Ross Road station for a combined £14.8 million.
"The group enters H2 2026 with materially increased scale," chief executive Charles Dickson said, noting integration is progressing in line with management expectations.
Net debt stood at approximately £21 million at 28 March, before the May repayment of the Tarncourt related-party facility using £14 million proceeds from the disposal of a 14% stake in Cambridge Sleep Sciences.
