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.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 05 Aug 26 | Results | Half-year Results
H1 2026 revenue down 15% to £164m; adjusted EBITDA fell 28% to £26m amid challenging market conditions. |
−4.8% |
|
in line with expectations expectations Revenue £164m (£193m)Adjusted EBITDA £26m (£36m)Adjusted EBITDA margin 15.7% (18.4%)Net debt £151m (£145m)Interim dividend per share 0.5p (1.5p)Leverage 2.5x (1.9x)
|
|||
| 29 Jul 26 | Board change | Directorate Change
Senior Independent Director Louis Eperjesi to step down 31 December 2026; Nicola Bruce appointed as successor. |
−1.9% |
| 17 Jul 26 | Board change | Directorate Change
Independent Non-Executive Director Adepeju Adebajo to step down on 23 September 2026. |
−1.0% |
| 26 Jun 26 | Report on Payments to Governments
Ibstock published its Report on Payments to Governments for year ended 31 December 2025. |
−0.5% | |
| 21 May 26 | Trading update | AGM Trading Update
H1 2026 revenues down 10% due to weak market conditions and weather, but April volumes improved and full-year outlook maintained. |
+3.2% |
|
in line with current market consensus expectations Domestic brick market volumes Q1 down 11%Group revenues Jan-Apr 2026 down approximately 10% like for likeBrick volumes April high single-digit year-on-year increaseBrick market share Q1 maintained in line with 2025Energy hedging cover over 85% for first three quarters 2026
|
|||
| 21 Apr 26 | Board change | Appointment of Chief Financial Officer
Will Wilkins appointed Chief Financial Officer, joining from Mpac Group on 1 August 2026. |
+0.7% |
|
Base salary £400,000Pension contribution 10% of base salary
|
|||
| 05 Mar 26 | Board change | Appointment of Non-Executive Director
Martin Payne appointed Independent Non-Executive Director and will chair Audit Committee from May 2026. |
−4.8% |
| 05 Mar 26 | Board change | Appointment of Non-Executive Director
Martin Payne appointed as Independent Non-Executive Director and Chair of Audit Committee from 30 March 2026. |
−4.8% |
| 05 Mar 26 | Results | Results for the year ended 31 December 2025
Revenue up 2% to £372m but adjusted EBITDA fell 10% to £71m as market toughened in H2 2025. |
−4.8% |
|
in line with revised guidance expectations Revenue £372m (£366m)Adjusted EBITDA £71m (£79m)Adjusted EBITDA margin 19.1% (21.7%)Net debt £120m (£122m)Total dividend per share 3.0p (4.0p)Adjusted EPS 5.7p (7.7p)
|
|||
| 20 Jan 26 | Trading update | Trading Statement
FY25 revenue up 2% to £372m despite H2 market weakness; net debt £120m after disposals. |
−4.0% |
|
in line expectations FY25 Revenue c.£372 million (£366 million)Year-end net debt around £120 million (£122 million)Clay market share (11 months to November) ahead of comparative periodTotal brick market volume FY25 c.1.85bn (1.72bn)Non-core disposal proceeds c.£30 million
|
|||
| 13 Nov 25 | Refinancing of £125m revolving credit facility
Ibstock renews £125m revolving credit facility for four years at improved pricing with one-year extension option. |
−0.9% | |
|
Revolving credit facility amount £125mInitial term 4 yearsExtension option 1 yearAccordion feature capacity £50m
|
|||
| 10 Oct 25 | Trading update | Third Quarter Trading Update
Third quarter demand weaker than expected; H2 EBITDA now expected in line with H1 despite market share gains. |
−4.0% |
|
below expectations Market share ahead of comparative periodH2 2025 adjusted EBITDA expected similar to H1 2025Covenanted leverage at year-end around 2 timesNet debt at year-end above previous guidance
|
|||
| 02 Oct 25 | Board change | Directorate Change
Simon Bedford appointed Interim CFO following Chris McLeish's departure on 10th October 2025. |
−1.9% |
| 06 Aug 25 | Results | Half-year Results
H1 revenue up 9% to £193m on volume growth; adjusted EBITDA down 6% to £36m due to capacity reactivation costs. |
+1.5% |
|
below - margins impacted by higher-than-expected incremental costs restoring network capacity expectations Revenue £193m (£178m)Adjusted EBITDA £36m (£38m)Adjusted EBITDA margin 18.4% (21.2%)Adjusted EPS 3.0p (3.5p)Net debt £145m (£138m)Interim dividend 1.5p (1.5p)
|
|||
| 23 Jun 25 | Report on Payments to Govts
Published report on payments to governments for year ended 31 December 2024. |
−1.3% | |
| 11 Jun 25 | Trading update | Second Quarter Trading Update
Q2 sales volumes ahead of prior year but pricing pressures and higher costs reduce full-year EBITDA guidance. |
−15.6% |
|
below prior year EBITDA guidance expectations Full year 2025 adjusted EBITDA guidance £77m-£82m (£79m (2024))
|
|||
| 30 Apr 25 | Board change | Directorate Change
Chief Financial Officer Chris McLeish to leave Ibstock in October 2025 to join Hill and Smith plc. |
+2.2% |
| 23 Apr 25 | Trading update | First Quarter Trading Update
Q1 sales volumes and revenues ahead of prior year as new build residential demand improves; margins pressured by mix and cost inflation. |
+0.3% |
|
in line with expectations expectations Q1 sales volumes and revenues vs prior year well above prior yearQ1 EBITDA margin vs prior year below prior yearAtlas production volumes increasing in line with expectationsNostell Phase 2 ceramic facades factory on schedule for commissioning by year-end
|
|||
| 25 Mar 25 | Board change | Appointment of Chair
Richard Akers appointed Chair Designate, taking over from Jonathan Nicholls following AGM on 15 May 2025. |
+1.0% |
| 05 Mar 25 | Results | Results for the year ended 31 December 2024
Revenue fell 10% to £366m in subdued market; adjusted EBITDA £79m with 21.7% margin; dividend cut to 4.0p. |
+8.1% |
|
in line expectations Revenue £366m (£406m)Adjusted EBITDA £79m (£107m)Adjusted EBITDA margin 21.7% (26.5%)Adjusted EPS 7.7p (13.9p)Total dividend per share 4.0p (7.0p)Net debt £122m (£101m)
|
|||
| 16 Jan 25 | Trading update | Trading Update for the year ended 31 December 2024
2024 adjusted EBITDA £79m in line with guidance; revenues down 10% to £365m; improved H2 volumes; 2025 market conditions expected to improve. |
−1.1% |
|
in line expectations Adjusted EBITDA c.£79 million (£79 million guidance)Full year revenues c.£365 million (£406 million (2023))H2 2024 revenues vs H2 2023 3% aheadNet debt c.£122 million (£138 million (30 June 2024))Reported leverage 1.8 times (2.0 times (half year))Fixed capital invested c.£45 million
|
|||
| 17 Oct 24 | Trading update | Third Quarter Trading Update
Q3 adjusted EBITDA broadly in line with expectations; full year guidance unchanged; new factories ramping up. |
+1.8% |
|
in line expectations Q3 adjusted EBITDA broadly in line with expectationsAtlas factory capacity 105 million bricks per annumNostell brick slips capacity around 50 million slips
|
|||
| 07 Aug 24 | Results | Half-year Results
Revenue fell 20% to £178m in H1 2024 on lower volumes; adjusted EBITDA down 40% to £38m as market conditions remain challenging. |
+4.3% |
|
in line expectations Revenue £178m (£223m)Adjusted EBITDA £38m (£63m)Adjusted EBITDA margin 21.2% (28.2%)Adjusted EPS 3.5p (9.0p)Net debt £138m (£89m)Interim dividend per share 1.5p (3.4p)
|
|||
| 20 Jun 24 | Report on Payments to Govts
Publication of report on payments to governments for year ended 31 December 2023. |
+0.0% | |
| 25 Apr 24 | Trading update | First Quarter Trading Update
First quarter sales volumes below expectations due to weak residential construction demand and wet weather, but adjusted EBITDA in line with guidance. |
−1.9% |
|
in line expectations |
|||
| 06 Mar 24 | Results | Final Results
Revenue fell 21% to £406m on weak housing market; adjusted EBITDA £107m with margin held at 26.5%; net debt rose to £101m. |
−4.9% |
|
in line with expectations set at the start of the year expectations Revenue £406m (£513m)Adjusted EBITDA £107m (£140m)Adjusted EBITDA margin 26.5% (27.2%)Adjusted EPS 13.9p (22.7p)Net debt £101m (£46m)Total dividend per share 7.0p (8.8p)
|
|||
| 17 Jan 24 | Trading update | Trading Update
Full year revenue down 21% to £405m; £20m annualised cost reduction plan initiated; market conditions subdued. |
−2.7% |
|
in line expectations Full year revenue £405m (£513m)Annualised cost reduction benefit £20mCaptured in 2023 £5mNet debt at 31 December 2023 £101m (£46m)Fixed capital invested in 2023 £65mOne-off restructuring cash cost £15m
|
|||
| 08 Jan 24 | Notification of Trading Update
Trading update for year ended 31 December 2023 to be issued on 17 January 2024. |
+1.6% | |
| 25 Oct 23 | Trading update | Q3 Trading Update
Q3 sales volumes below Q2 due to subdued market demand, but margins held firm and FY23 profit guidance unchanged. |
−0.2% |
|
below (volumes) expectations Q3 performance ResilientSales volumes Q3 vs Q2 Below Q2 levelsFY23 underlying profit guidance Unchanged
|
|||
Company filings. Not investment advice.