Half Year Trading Update
Brickability Group's trading update for the six months ended September 30, 2025, indicates performance in line with expectations. Revenues reached £347.0 million, a 4.9% increase from £330.9 million in the prior year. Adjusted EBITDA is anticipated to be approximately £28.0 million, compared to £27.9 million in the first half of the previous year, before share-based payment expense of £0.9 million (H1 FY25: £0.5m). Net debt is expected to be around £67.0 million, up from £56.3 million in the prior period, after deferred and contingent consideration acquisition payments of £7.2 million. The company's contracting division order book and pipeline exceeds £150 million. The Group expects to announce its results on November 25, 2025.
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Brickability Group plc (AIM: BRCK), a leading distributor and provider of specialist products and services to the UK construction industry, issues the following trading update for the six-month period ended 30 September 2025 ('H1 FY26').
The Group's financial performance in H1 FY26 was in line with the Board's expectations, with revenues of £347.0 million (H1 FY25: £330.9m), an increase of approximately 4.9 per cent. on the prior period, despite the slow pace of recovery in housing starts and RMI as well as the continuing delays in Building Safety Regulator ('BSR') approvals, as noted in the Company's recent AGM statement.
Our specialist teams across Bricks & Building Materials, Importing, and Distribution divisions have each delivered year on year growth in both revenue and EBITDA and our Contracting division continues to benefit from a multi-year order book and pipeline of more than £150 million in aggregate, underpinned by regulatory requirements in the fire remediation sector. The continuing delays being experienced by the BSR have affected the phasing of some of our fire remediation projects in the Contracting division such that we now expect a greater proportion of the division's profit to be delivered in the second half of the year when compared with the prior year.
The Board anticipates reporting H1 FY26 adjusted EBITDA* of approximately £28.0 million (H1 FY25: £27.9m), stated before share-based payment expense of £0.9 million (H1 FY25: £0.5m). Expectations for the full year remain unchanged.
Net debt as at 30 September 2025 is expected to be approximately £67.0 million on a pre-IFRS basis (H1 FY25: £56.3m), after making deferred and contingent consideration acquisition payments during the first half of £7.2 million.
Notice of Interim Results
The Group expects to announce its results for the six months ended 30 September 2025 on 25 November 2025. A virtual presentation for analysts will be hosted at 09.30am GMT on the day of results. Analysts who wish to join the presentation are invited to contact Burson Buchanan at brickability@buchanancomms.co.uk.
(*)Adjusted EBITDA is defined as earnings before interest, tax, depreciation, amortisation, share-based payment expense, and other items.
| Brickability Group PLC John Richards, Chairman Frank Hanna, Chief Executive Officer Mike Gant, Chief Financial Officer | via Burson Buchanan |
| Cavendish (Nominated adviser and broker) Ben Jeynes, George Lawson, Elysia Bough (Corporate Finance) Michael Johnson, Sunila De Silva - Sales / ECM | +44 (0) 207 220 0500 |
| Burson Buchanan (Financial PR) Mark Court | +44 (0) 207 466 5000 brickability@buchanancomms.co.uk |
Stephanie Whitmore Abby Gilchrist
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