Alumasc Group
ALU · AIM · Construction and Materials · mcap £82m · 231.0p 3 open situations →
Open · 3
H2-weighted FY25/26 recovery
The H2-weighted recovery flagged in October 2025 proved partial: guidance was cut to ~£11m in April 2026 and the July update said ~£10m. The 15 September 2026 results confirm FY26 UPBT of £10.0m (FY25 £14.2m) on revenue of £107.1m. FY27 started with revenue up 5%, the order book is up 56%, and the Board expects better margins.
- FY26 revenue
- £107.1m (FY25: £113.4m) 15 Sep 2026 ↗
- Consensus
- Board understands consensus at £108.9m revenue and £10.9m UPBT
- Net debt
- £6.9m, leverage 0.5x 15 Sep 2026 ↗
- Order book
- 49% above June 2025
- Next milestone
- FY26 results in September 2026
- FY27 start
- Revenue up 5% in first two months; order book up 56% at 31 August 2026 15 Sep 2026 ↗
Next: FY27 margin improvement and trading
- 15 Sep 2026 FY26 delivered at £10.0m; FY27 start positive
- 17 Jul 2026 FY26 UPBT ~£10m, slightly below April guide
- 16 Apr 2026 H2 recovery partial; profit guidance cut to ~£11m
- 3 Feb 2026 H1 weak as flagged; H2 weighting reaffirmed
CEO succession
Pamela Bingham succeeded Paul Hooper as CEO on 1 April 2026 to drive self-help. She was suspended on 17 July 2026 and dismissed on 28 August 2026 after an independent investigation. The 15 September 2026 results confirm Vijay Thakrar continues as Interim Executive Chair with the Executive Directors. He left the Audit and Remuneration Committees. No permanent CEO is named.
- Support
- Alumasc's well-established management team
- Investigation
- Full investigation, supported by professional advisors; no timetable given
- Next milestone
- Final results for year to 30 June 2026 on 15 September 2026
- Outcome
- CEO Pamela Bingham's employment terminated with immediate effect after a full independent investigation
- Successor
- No permanent CEO named 15 Sep 2026 ↗
- Dismissal
- CEO Pamela Bingham's employment terminated 28 August 2026 15 Sep 2026 ↗
Next: Name permanent CEO; further announcements in due course
- 15 Sep 2026 CEO dismissed; Interim Executive Chair continues
- 28 Aug 2026 CEO dismissed; Executive Chair continues
- 17 Jul 2026 New CEO suspended; Chair acting as Executive Chair
- 16 Apr 2026 New CEO in post, driving self-help plans
Changi Airport and overseas projects
The £2m first-phase Changi order was announced in February 2026, with further phases potentially £10-15m. CLK shipping resumed, but Changi deliveries slipped to FY26/27. The 15 September 2026 results report first Changi call-offs in FY27. Non-CLK overseas revenue grew 36% in FY26.
- Changi call-offs
- First call-offs received in FY27 15 Sep 2026 ↗
- Non-CLK overseas
- Revenue up 36% in FY26 15 Sep 2026 ↗
- Resource
- Further overseas technical sales resource added late FY26 15 Sep 2026 ↗
Next: Further Changi phases and call-offs in FY27
- 15 Sep 2026 First Changi call-offs received in FY27
- 16 Apr 2026 CLK shipping resumed; Changi delivery delayed to FY26/27
- 3 Feb 2026 first phase won; CLK shipments resuming
Closed · 1
Company filings. Not investment advice.