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.

Target	Promise	Said	Status
2024
2024	Bring to market the UK's first certified carbon-neutral brick in 2024.	25 Oct 2023	… In progress
	“to bring to market the UK's first certified carbon-neutral brick in 2024” Status so far Not yet due.
2024	Achieve full £20m annualised cost savings by end of 2024.	17 Jan 2024	… In progress
	“Headcount reductions and fixed costs savings with an annualised value of £20 million achieved, with around £5 million of this captured in 2023 and the full amount to be achieved in 2024” Also stated 6 Mar 2024 Status so far Not yet due.
2026
30 Jun 2026	Select a calcined clay partner and agree a commercial deal.	6 Mar 2024	… In progress
	“We continue to make progress with our review of the calcined clay opportunity, with preferred partner selection and commercial agreement expected to be finalised in H1 2026” Also stated 20 Jan 2026 Result Not yet due.
Today · 10 Oct 2026
31 Dec 2026	Ibstock Futures to contribute positively to profit from 2026.	6 Aug 2025	… In progress
	“Ibstock Futures expected to make a positive contribution to profits from 2026” Status so far Not yet due.
31 Dec 2026	Full-year 2026 outturn broadly in line with market consensus.	21 May 2026	… In progress
	“the Board believes recent activity levels support the Group's capability to deliver a full year outturn broadly in line with current market consensus expectations” Status so far Not yet due.
31 Dec 2026	Stronger adjusted EBITDA in H2 2026 than H1.	5 Aug 2026	… In progress
	“The Group continues to expect to achieve a stronger adjusted EBITDA in H2 than H1, however with near-term conditions expected to remain challenging” Status so far Not yet due.
31 Dec 2026	Leverage towards 2x at end of 2026.	5 Aug 2026	… In progress
	“Net debt and leverage expected to reduce, with leverage towards 2 times at the end of 2026” Status so far Not yet due.
2029
2029	Land sales of up to £50m over three to five years.	5 Aug 2026	… In progress
	“we have identified land sale opportunities of up to £50 million over the next three to five years” Status so far Not yet due.
2030
2030	Achieve 40% carbon reduction by 2030.	5 Aug 2026	… In progress
	“we are now more than halfway to achieving our 2030 carbon reduction goal of 40%” Status so far Not yet due.