Michelmersh Brick Holdings

MBH · AIM · Construction and Materials · mcap £71m · 74.0p

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Financials · LTM to 30 Jun 26

Source: results 01 Sep 26 ↗

Revenue: £65.5m
Operating profit: £4.7m
Net income: £3.7m
Free cash flow: £1.3m
Net debt: £5.0m
Market cap: £68.0m
EV / EBIT: 15.4×
FCF yield: +1.9%
Price / book: 0.8×

Latest half-year · H1 26 vs H1 25 results 01 Sep 26 ↗

Revenue: £32.4m
Operating profit: £3.1m
Net income: £2.3m
Cash from operations: £904k

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 01 Sep 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	65.5	68.9	70.1
Gross profit	23.7	23.8	25.1
Adjusted EBITDA	12.5	12.4	14.0
Adjusted operating profit	–	8.4	10.1
Operating profit	4.7	4.7	8.2
Depreciation (owned assets)	–	4.0	3.9
Amortisation	(1.4)	(1.4)	1.4
Share-based payments	–	0.5	0.4
Finance costs	(0.6)	(0.3)	(0.2)
Profit before tax	4.2	4.3	8.0
Tax	(0.5)	(0.7)	(1.9)
Net income (owners)	3.7	3.6	6.1
EPS basic	4.1p	4.0p	6.6p
EPS diluted	4.1p	3.9p	6.5p
Dividend per share	4.6p	4.6p	4.6p

	H1 26	vs H1 25	H2 25	H1 25
Revenue	32.4	−9%	33.1	35.8
Gross profit	12.0	0%	11.7	12.0
Adjusted EBITDA	6.0	+2%	6.5	5.9
Operating profit	3.1	+2%	1.6	3.0
Amortisation	(0.7)	0%	(0.7)	(0.7)
Finance costs	(0.3)	+223%	(0.2)	(0.1)
Profit before tax	2.8	−6%	1.4	2.9
Tax	(0.4)	−36%	(0.0)	(0.7)
Net income (owners)	2.3	+3%	1.4	2.3
EPS basic	2.6p	–	1.5p	2.5p
EPS diluted	2.5p	–	1.5p	2.4p
Dividend per share	1.6p	–	3.0p	1.6p

	LTM Jun 26	FY 25	FY 24
Cash from operations	5.6	6.7	6.9
Interest paid	(0.6)	(0.3)	(0.2)
Tax paid	(1.5)	(1.9)	(2.3)
Capex (PP&E)	(3.3)	(5.5)	(5.6)
Capex (intangibles)	(0.0)	(0.0)	(0.0)
Lease principal paid	(1.0)	(0.9)	(0.8)
Dividends paid	(4.6)	(4.3)	(4.2)
Share buybacks	(1.6)	(2.0)	(0.0)

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	0.9	−54%	4.7	2.0
Interest paid	(0.3)	+223%	(0.2)	(0.1)
Tax paid	(0.6)	−37%	(1.0)	(0.9)
Capex (PP&E)	(1.5)	−60%	(1.8)	(3.8)
Capex (intangibles)	0.0	n/m	(0.0)	(0.0)
Lease principal paid	(0.5)	+14%	(0.5)	(0.5)
Dividends paid	(1.8)	+22%	(2.8)	(1.5)
Share buybacks	0.0	n/m	(1.6)	(0.3)

	Latest Jun 26	FY 25	FY 24
Property, plant & equipment	71.2	71.4	69.4
Inventories	20.6	20.2	19.2
Trade receivables	15.5	10.8	–
Cash	1.0	1.3	6.0
Current assets	37.4	32.4	35.0
Total assets	129.1	125.0	127.0
Trade payables	14.8	11.5	11.4
Borrowings, current	6.0	2.0	0.0
Lease liabilities, current	0.9	1.0	0.7
Current liabilities	–	14.5	13.2
Lease liabilities, non-current	1.6	1.5	1.6
Total liabilities	39.3	32.0	31.0
Total equity	89.8	93.0	95.9
Net cash / (debt) ex leases	(5.0)	–	–
Undrawn facilities	20.0	–	–

	H1 26	H2 25	H1 25	H2 24
Property, plant & equipment	71.2	71.4	72.6	69.4
Inventories	20.6	20.2	18.9	19.2
Trade receivables	15.5	10.8	14.9	–
Cash	1.0	1.3	1.5	6.0
Current assets	37.4	32.4	35.3	35.0
Total assets	129.1	125.0	129.8	127.0
Trade payables	14.8	11.5	16.3	11.4
Borrowings, current	6.0	2.0	0.0	0.0
Lease liabilities, current	0.9	1.0	0.8	0.7
Current liabilities	–	14.5	–	13.2
Lease liabilities, non-current	1.6	1.5	1.9	1.6
Total liabilities	39.3	32.0	36.1	31.0
Total equity	89.8	93.0	93.7	95.9
Net cash / (debt) ex leases	(5.0)	–	1.5	–
Undrawn facilities	20.0	–	–	–

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.