Ibstock
IBST · Main Market · Construction and Materials · mcap £316m · 77.2p
Ibstock makes clay bricks, concrete products and brick slips (thin brick cladding) for UK housebuilders and builders. It is investing in lower-carbon and higher-tech products.
Financials · LTM to 30 Jun 26
Source: results 05 Aug 26 ↗
- Revenue
- £343m
- Operating profit
- −£24.5m
- Net income
- −£22.9m
- Free cash flow
- −£28.3m
- Net debt
- £151m
- Market cap
- £305m
- EV / EBIT
- –
- FCF yield
- −9.3%
- Price / book
- 0.9×
Latest half-year · H1 26 vs H1 25
results 05 Aug 26 ↗
- Revenue
- £164m −15%
- Operating profit
- −£22.1m prior £12.5m
- Net income
- −£20.3m prior £5.7m
- Cash from operations
- −£4.0m prior £10.2m
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 26 (six months to 30 Jun 26), published 05 Aug 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Jun 26 | FY 25 | FY 24 | FY 23 | |
|---|---|---|---|---|
| Revenue | 342.9 | 372.1 | 366.2 | 405.8 |
| Gross profit | 54.6 | 96.0 | 104.6 | 115.0 |
| Adjusted EBITDA | 61.2 | 71.0 | 79.3 | 107.4 |
| Adjusted operating profit | 27.6 | 39.7 | 49.6 | 78.0 |
| Exceptional / adjusting items | (42.3) | (19.5) | (11.7) | (30.8) |
| Operating profit | (24.5) | 10.0 | 27.1 | 35.0 |
| Amortisation | 6.0 | 6.3 | – | – |
| Share-based payments | 0.7 | 0.5 | – | – |
| Finance costs | (9.5) | (9.8) | (8.3) | (5.9) |
| Profit before tax | (33.4) | 0.9 | 20.7 | 30.1 |
| Tax | 10.5 | 2.2 | (5.6) | (9.0) |
| Net income (owners) | (22.9) | 3.1 | 15.1 | 21.1 |
| EPS basic | (5.7p) | 0.8p | 3.8p | 5.4p |
| EPS diluted | (5.7p) | 0.8p | 3.8p | 5.3p |
| Dividend per share | – | – | 4.0p | 7.0p |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Revenue | 164.2 | −15% | 178.7 | 193.4 | 188.0 | 178.2 | 183.1 |
| Gross profit | 11.1 | −79% | 43.5 | 52.5 | 53.2 | 51.4 | 43.1 |
| Adjusted EBITDA | 25.7 | −28% | 35.5 | 35.5 | 41.6 | 37.7 | 44.5 |
| Adjusted operating profit | 8.6 | −58% | 19.0 | 20.7 | 26.5 | 23.1 | 29.2 |
| Exceptional / adjusting items | (25.6) | n/m | (16.6) | (2.8) | (8.5) | (3.2) | (20.0) |
| Operating profit | (22.1) | n/m | (2.5) | 12.5 | 12.6 | 14.5 | 3.0 |
| Amortisation | 3.1 | −10% | 2.8 | 3.5 | – | – | – |
| Share-based payments | 0.3 | +140% | 0.3 | 0.1 | – | – | – |
| Finance costs | (4.8) | −7% | (4.7) | (5.1) | (4.3) | (4.0) | (2.9) |
| Profit before tax | (26.6) | n/m | (6.8) | 7.7 | 8.9 | 11.8 | 0.2 |
| Tax | 6.3 | n/m | 4.2 | (2.1) | (2.4) | (3.2) | (1.5) |
| Net income (owners) | (20.3) | n/m | (2.6) | 5.7 | 6.5 | 8.6 | (1.3) |
| EPS basic | (5.1p) | – | (0.6p) | 1.4p | 1.6p | 2.2p | (0.3p) |
| EPS diluted | (5.1p) | – | (0.6p) | 1.4p | 1.6p | 2.2p | (0.4p) |
| Dividend per share | 0.5p | – | – | 1.5p | 2.5p | 1.5p | 3.6p |
| LTM Jun 26 | FY 25 | FY 24 | FY 23 | |
|---|---|---|---|---|
| Cash from operations | 25.4 | 39.6 | 53.7 | 58.3 |
| Interest paid | (7.8) | (7.8) | (6.3) | (3.7) |
| Tax paid | 2.3 | 1.4 | (0.5) | 0.6 |
| Capex (PP&E) | (39.0) | (44.8) | (45.2) | (65.7) |
| Capex (intangibles) | – | (1.9) | 0.0 | (2.4) |
| Lease principal paid | (10.8) | (10.0) | (9.7) | (10.0) |
| Lease interest paid | (2.0) | (2.0) | (2.5) | (2.4) |
| Dividends paid | (11.8) | (15.8) | (20.0) | (34.9) |
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | (4.0) | n/m | 29.4 | 10.2 | 47.7 | 6.0 | 42.0 |
| Interest paid | (3.7) | −1% | (4.1) | (3.7) | (3.2) | (3.0) | (2.0) |
| Tax paid | (1.3) | −43% | 3.6 | (2.3) | 0.0 | (0.5) | 4.0 |
| Capex (PP&E) | (15.2) | −28% | (23.8) | (20.9) | (20.8) | (24.4) | (33.0) |
| Capex (intangibles) | (1.4) | – | – | – | 0.0 | 0.0 | (0.5) |
| Lease principal paid | (5.7) | +16% | (5.1) | (4.9) | (4.7) | (4.9) | (6.2) |
| Lease interest paid | (1.0) | 0% | (1.0) | (1.0) | (1.2) | (1.3) | (1.5) |
| Dividends paid | (5.9) | −40% | (5.9) | (9.9) | (5.9) | (14.1) | (13.3) |
| Shares issued | 0.6 | – | – | – | – | – | – |
| Latest Jun 26 | FY 25 | FY 24 | FY 23 | |
|---|---|---|---|---|
| Other intangibles | 62.0 | 66.4 | – | – |
| Property, plant & equipment | 427.9 | 455.1 | 462.5 | 440.4 |
| Inventories | 142.3 | 137.4 | 124.8 | 119.2 |
| Trade receivables | 47.1 | 32.3 | 43.8 | 37.9 |
| Cash | 9.9 | 21.0 | 9.3 | 23.9 |
| Current assets | 207.6 | 193.9 | 179.2 | 182.2 |
| Total assets | 729.9 | 744.7 | 752.1 | 754.2 |
| Trade payables | 86.4 | 89.5 | 88.9 | 80.5 |
| Borrowings, current | 61.3 | 41.2 | 31.4 | 25.5 |
| Lease liabilities, current | 10.7 | 9.6 | 9.5 | 9.3 |
| Current liabilities | 161.9 | 145.8 | 132.8 | 121.3 |
| Borrowings, non-current | 99.9 | 99.9 | 99.4 | 99.0 |
| Lease liabilities, non-current | 22.1 | 19.9 | 25.6 | 34.5 |
| Pension surplus / (deficit) | 5.2 | 6.0 | 7.8 | 9.8 |
| Total liabilities | 373.3 | 362.3 | 356.8 | 354.4 |
| Total equity | 356.6 | 382.5 | 395.3 | 399.9 |
| Net cash / (debt) ex leases | (151.0) | – | (121.6) | (100.6) |
| Undrawn facilities | – | – | 94.0 | – |
| H1 26 | H2 25 | H1 25 | H2 24 | H1 24 | H2 23 | |
|---|---|---|---|---|---|---|
| Other intangibles | 62.0 | 66.4 | 70.4 | – | – | – |
| Property, plant & equipment | 427.9 | 455.1 | 470.6 | 462.5 | 453.3 | 440.4 |
| Inventories | 142.3 | 137.4 | 128.8 | 124.8 | 116.8 | 119.2 |
| Trade receivables | 47.1 | 32.3 | 55.7 | 43.8 | 58.6 | 37.9 |
| Cash | 9.9 | 21.0 | 22.6 | 9.3 | 6.6 | 23.9 |
| Current assets | 207.6 | 193.9 | 212.5 | 179.2 | – | 182.2 |
| Total assets | 729.9 | 744.7 | 786.6 | 752.1 | 760.2 | 754.2 |
| Trade payables | 86.4 | 89.5 | 93.0 | 88.9 | 77.4 | 80.5 |
| Borrowings, current | 61.3 | 41.2 | 67.5 | 31.4 | 45.4 | 25.5 |
| Lease liabilities, current | 10.7 | 9.6 | 9.3 | 9.5 | 9.0 | 9.3 |
| Current liabilities | 161.9 | 145.8 | 171.5 | 132.8 | – | 121.3 |
| Borrowings, non-current | 99.9 | 99.9 | 99.6 | 99.4 | 99.0 | 99.0 |
| Lease liabilities, non-current | 22.1 | 19.9 | 23.1 | 25.6 | 31.6 | 34.5 |
| Pension surplus / (deficit) | 5.2 | 6.0 | 7.0 | 7.8 | 8.8 | 9.8 |
| Total liabilities | 373.3 | 362.3 | 395.7 | 356.8 | 365.8 | 354.4 |
| Total equity | 356.6 | 382.5 | 390.9 | 395.3 | 394.4 | 399.9 |
| Net cash / (debt) ex leases | (151.0) | – | (145.0) | (121.6) | (137.8) | (100.6) |
| Undrawn facilities | – | – | – | 94.0 | 80.0 | – |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.