Macfarlane Group

MACF · Main Market · Industrial Goods and Services · mcap £129m · 84.9p

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Financials · LTM to 30 Jun 26

Source: results 27 Aug 26 ↗

Revenue: £303m
Operating profit: £12.5m
Net income: £6.1m
Free cash flow: £8.0m
Net debt: £17.9m
Market cap: £130m
EV / EBIT: 11.8×
FCF yield: +6.1%
Price / book: 1.1×

Latest half-year · H1 26 vs H1 25 results 27 Aug 26 ↗

Revenue: £149m
Operating profit: £7.1m
Net income: £3.5m
Cash from operations: £10.3m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 27 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
Revenue	303.1	300.8	270.4
Gross profit	113.0	112.2	105.4
Adjusted operating profit	19.4	19.7	27.4
Operating profit	12.5	12.5	23.6
Depreciation (owned assets)	2.7	2.6	–
Depreciation (right-of-use)	10.6	10.2	–
Amortisation	5.1	5.2	4.6
Finance costs	(4.7)	(4.4)	(2.7)
Profit before tax	7.8	8.1	20.9
Tax	(1.7)	(1.7)	(5.4)
Net income (owners)	6.1	6.3	15.5
EPS basic	3.9p	4.0p	9.8p
EPS diluted	3.9p	4.0p	9.7p
Dividend per share	3.7p	3.7p	3.7p

	H1 26	vs H1 25	H2 25	H1 25
Revenue	148.9	+2%	154.2	146.6
Gross profit	56.2	+1%	56.8	55.4
Adjusted operating profit	9.5	−3%	9.9	9.8
Operating profit	7.1	0%	5.5	7.0
Depreciation (owned assets)	1.3	+6%	1.4	1.3
Depreciation (right-of-use)	5.4	+8%	5.2	5.0
Amortisation	2.5	−6%	2.6	2.6
Finance costs	(2.3)	+13%	(2.4)	(2.1)
Profit before tax	4.7	−5%	3.1	5.0
Tax	(1.2)	−2%	(0.5)	(1.3)
Net income (owners)	3.5	−6%	2.6	3.7
EPS basic	2.2p	–	1.7p	2.3p
EPS diluted	2.2p	–	1.7p	2.3p
Dividend per share	1.0p	–	2.7p	1.0p

	LTM Jun 26	FY 25	FY 24
Cash from operations	22.7	24.8	25.4
Interest paid	(4.9)	(4.5)	(3.1)
Tax paid	(3.0)	(4.9)	(6.8)
Capex (PP&E)	(4.9)	(4.6)	(2.9)
Capex (intangibles)	(0.1)	(0.1)	0.0
Lease principal paid	(9.7)	(9.3)	(8.3)
Dividends paid	(5.7)	(5.8)	(5.8)
Share buybacks	(2.9)	(2.1)	(0.4)

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	10.3	−17%	12.4	12.4
Interest paid	(2.5)	+18%	(2.4)	(2.1)
Tax paid	(1.3)	−58%	(1.7)	(3.2)
Capex (PP&E)	(1.7)	+21%	(3.2)	(1.4)
Capex (intangibles)	(0.1)	n/m	(0.1)	0.0
Lease principal paid	(5.1)	+9%	(4.6)	(4.7)
Dividends paid	(4.2)	−2%	(1.5)	(4.3)
Share buybacks	(1.0)	+312%	(1.9)	(0.2)

	Latest Jun 26	FY 25	FY 24
Property, plant & equipment	15.3	14.9	10.6
Inventories	23.6	21.2	19.0
Trade receivables	62.5	58.2	55.0
Cash	10.0	14.4	12.9
Current assets	97.2	95.3	87.5
Total assets	276.4	277.8	246.9
Trade payables	60.1	55.6	50.3
Borrowings, current	28.0	30.5	14.8
Lease liabilities, current	10.3	9.9	7.2
Current liabilities	99.1	96.8	74.4
Lease liabilities, non-current	48.4	48.9	35.7
Deferred consideration	0.0	0.0	2.3
Pension surplus / (deficit)	5.3	6.0	9.6
Total liabilities	158.2	157.2	123.7
Total equity	118.2	120.6	123.3
Net cash / (debt) ex leases	(17.9)	(16.2)	–
Net cash / (debt) incl. leases	–	(75.0)	–
Undrawn facilities	40.0	–	–

	H1 26	H2 25	H1 25	H2 24
Property, plant & equipment	15.3	14.9	13.3	10.6
Inventories	23.6	21.2	22.0	19.0
Trade receivables	62.5	58.2	59.0	55.0
Cash	10.0	14.4	13.5	12.9
Current assets	97.2	95.3	96.6	87.5
Total assets	276.4	277.8	277.7	246.9
Trade payables	60.1	55.6	57.6	50.3
Borrowings, current	28.0	30.5	28.7	14.8
Lease liabilities, current	10.3	9.9	8.8	7.2
Current liabilities	99.1	96.8	97.5	74.4
Lease liabilities, non-current	48.4	48.9	42.4	35.7
Deferred consideration	0.0	0.0	2.4	2.3
Pension surplus / (deficit)	5.3	6.0	9.2	9.6
Total liabilities	158.2	157.2	155.5	123.7
Total equity	118.2	120.6	122.2	123.3
Net cash / (debt) ex leases	(17.9)	(16.2)	–	–
Net cash / (debt) incl. leases	–	(75.0)	–	–
Undrawn facilities	40.0	–	–	–

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.