Norcros

NXR · Main Market · Construction and Materials · mcap £261m · 294.0p

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Financials · LTM to 05 Apr 26

Source: results 11 Jun 26 ↗

Revenue: £393m
Operating profit: £22.2m
Net income: £300k
Free cash flow: £19.4m
Net debt: £65.8m
Market cap: £265m
EV / EBIT: 14.9×
FCF yield: +7.3%
Price / book: 1.3×

Latest half-year · H1 Oct 25 vs H1 Sep 24 results 20 Nov 25 ↗

Revenue: £184m
Operating profit: £14.3m
Net income: £500k
Cash from operations: £13.9m

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: FY Apr 26 (twelve months to 05 Apr 26), published 11 Jun 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	FY Apr 26	FY Mar 25
Revenue	393.4	355.8
Adjusted EBITDA	49.5	46.4
Adjusted operating profit	48.0	44.5
Operating profit	22.2	9.6
Depreciation (owned assets)	5.0	4.4
Depreciation (right-of-use)	5.6	5.2
Share-based payments	1.5	0.4
Finance costs	7.7	7.1
Profit before tax	14.9	3.3
Tax	(4.7)	1.1
Net income (owners)	0.3	3.5
Discontinued operations	(9.9)	(0.9)
EPS basic	0.3p	3.9p
EPS diluted	0.3p	3.9p
Dividend per share	11.3p	10.4p

	H2 Apr 26	H1 Oct 25	H2 Mar 25	H1 Sep 24
Revenue	209.1	184.3	173.9	181.9
Adjusted operating profit	26.1	21.9	24.1	20.4
Operating profit	7.9	14.3	17.5	(7.9)
Finance costs	11.1	(3.4)	10.6	(3.5)
Profit before tax	3.8	11.1	14.3	(11.0)
Tax	(2.0)	(2.7)	(1.8)	2.9
Net income (owners)	(0.2)	0.5	12.1	(8.6)
Discontinued operations	(2.0)	(7.9)	(0.4)	(0.5)
EPS basic	(0.3p)	0.6p	13.5p	(9.6p)
EPS diluted	(0.2p)	0.5p	13.4p	(9.5p)
Dividend per share	7.6p	3.7p	6.9p	3.5p

	FY Apr 26	FY Mar 25
Cash from operations	32.3	18.5
Interest paid	(7.7)	(6.4)
Tax paid	(2.9)	(3.4)
Capex (PP&E)	–	(6.9)
Lease principal paid	(6.0)	(5.1)
Dividends paid	(9.5)	(9.2)
Share buybacks	(1.7)	(0.1)

	H2 Apr 26	H1 Oct 25	H2 Mar 25	H1 Sep 24
Cash from operations	18.4	13.9	13.0	5.5
Interest paid	(4.3)	(3.4)	(3.5)	(2.9)
Tax paid	(1.5)	(1.4)	(1.6)	(1.8)
Capex (PP&E)	–	(2.7)	(2.5)	(4.4)
Lease principal paid	(3.3)	(2.7)	(2.5)	(2.6)
Dividends paid	(3.3)	(6.2)	(3.1)	(6.1)
Share buybacks	(0.9)	(0.8)	0.0	(0.1)

	FY Apr 26
Goodwill	103.2
Other intangibles	84.6
Property, plant & equipment	22.8
Inventories	87.5
Trade receivables	79.3
Cash	32.2
Current assets	202.9
Trade payables	92.6
Lease liabilities, current	8.2
Current liabilities	105.9
Borrowings, non-current	98.0
Lease liabilities, non-current	22.7
Pension surplus / (deficit)	0.4
Total equity	198.1
Net cash / (debt) ex leases	(65.8)

	H2 Apr 26	H1 Oct 25	H2 Mar 25	H1 Sep 24
Goodwill	103.2	107.5	107.4	107.5
Other intangibles	84.6	42.7	46.1	50.7
Property, plant & equipment	22.8	19.0	21.8	23.3
Investment property	–	–	–	5.7
Inventories	87.5	80.0	88.2	83.7
Trade receivables	79.3	74.1	71.7	77.8
Cash	32.2	27.0	22.7	21.4
Current assets	202.9	181.4	187.8	182.9
Trade payables	92.6	84.2	86.7	95.3
Lease liabilities, current	8.2	6.6	6.5	6.4
Current liabilities	105.9	93.8	95.2	106.0
Borrowings, non-current	98.0	57.7	59.5	66.3
Lease liabilities, non-current	22.7	12.6	14.1	17.1
Pension surplus / (deficit)	0.4	7.8	6.8	16.5
Total equity	198.1	202.5	207.9	207.2
Net cash / (debt) ex leases	(65.8)	(30.7)	(36.8)	(44.9)

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.