Springfield Properties
SPR · AIM · Consumer Products and Services · mcap £133m · 111.2p
Springfield builds private homes and affordable homes for councils and housing associations, mainly in Scotland. It also trades land and is moving into build-to-lease housing for energy infrastructure workers.
- Revenue
- £283m
- Operating profit
- £23.3m
- Net income
- £14.2m
- Free cash flow
- £29.5m
- Net debt
- £39.6m
- Market cap
- £133m
- EV / EBIT
- 8.0×
- FCF yield
- +22.2%
- Price / book
- 0.8×
- Revenue
- £108m +2%
- Operating profit
- £5.3m −14%
- Net income
- £2.8m +5%
- Cash from operations
- −£15.5m prior −£17.3m
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 Nov 25 (six months to 30 Nov 25), published 17 Feb 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| LTM Nov 25 | FY May 25 | FY May 23 | |
|---|---|---|---|
| Revenue | 282.9 | 280.6 | 332.1 |
| Gross profit | 50.4 | 52.1 | 48.0 |
| Adjusted operating profit | – | – | 20.7 |
| Exceptional / adjusting items | (1.1) | (1.0) | (0.7) |
| Operating profit | 23.3 | 24.2 | 20.0 |
| Depreciation (owned assets) | 2.0 | 2.1 | – |
| Amortisation | 0.3 | 0.3 | 0.3 |
| Share-based payments | 0.4 | 0.1 | 0.6 |
| Finance costs | (4.8) | (5.5) | (4.8) |
| Profit before tax | 19.2 | 19.0 | 15.3 |
| Tax | (5.0) | (4.9) | (3.2) |
| Net income (owners) | 14.2 | 14.1 | 12.1 |
| EPS basic | 12.0p | 11.9p | 10.2p |
| EPS diluted | 11.4p | 11.3p | 9.9p |
| H1 Nov 25 | vs H1 Nov 24 | H2 May 25 | H1 Nov 24 | H1 Nov 23 | H2 May 23 | H1 Nov 22 | |
|---|---|---|---|---|---|---|---|
| Revenue | 108.0 | +2% | 174.9 | 105.6 | 121.7 | 170.2 | 161.9 |
| Gross profit | 17.1 | −9% | 33.4 | 18.7 | 17.9 | 25.3 | 22.7 |
| Adjusted operating profit | 5.6 | −12% | – | 6.4 | 5.6 | 12.5 | 8.2 |
| Exceptional / adjusting items | (0.3) | +14% | (0.7) | (0.3) | (0.9) | (0.1) | (0.6) |
| Operating profit | 5.3 | −14% | 18.1 | 6.1 | 4.8 | 12.4 | 7.6 |
| Depreciation (owned assets) | 1.0 | −11% | 1.0 | 1.1 | – | – | – |
| Amortisation | 0.1 | −2% | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Share-based payments | 0.2 | n/m | 0.2 | (0.1) | (0.6) | 0.1 | 0.5 |
| Finance costs | (2.0) | −26% | (2.9) | (2.7) | (3.7) | (3.1) | (1.7) |
| Profit before tax | 3.7 | +5% | 15.5 | 3.5 | 1.2 | 9.4 | 5.9 |
| Tax | (0.9) | +3% | (4.1) | (0.8) | 0.0 | (2.3) | (0.9) |
| Net income (owners) | 2.8 | +5% | 11.4 | 2.7 | 1.2 | 7.0 | 5.0 |
| EPS basic | 2.4p | – | 9.6p | 2.3p | 1.0p | 5.9p | 4.2p |
| EPS diluted | 2.3p | – | 9.1p | 2.2p | 1.0p | 5.8p | 4.1p |
| H1 Nov 25 | vs H1 Nov 24 | H2 May 25 | H1 Nov 24 | H1 Nov 23 | H2 May 23 | H1 Nov 22 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | (15.5) | n/m | 47.4 | (17.3) | (16.4) | 15.8 | (10.6) |
| Interest paid | (1.7) | −30% | (2.6) | (2.5) | (3.5) | (2.3) | (1.5) |
| Tax paid | (3.4) | +135% | (2.2) | (1.4) | (0.9) | (1.7) | (1.2) |
| Capex (PP&E) | (0.2) | n/m | (0.1) | (0.0) | (0.1) | (0.3) | (0.2) |
| Capex (intangibles) | – | – | – | – | – | 0.0 | (0.0) |
| Lease principal paid | (1.0) | −9% | (1.0) | (1.1) | (1.2) | (1.2) | (1.0) |
| Dividends paid | – | – | – | – | 0.0 | 0.0 | (5.6) |
| Latest Nov 25 | FY May 25 | FY May 23 | |
|---|---|---|---|
| Other intangibles | 5.3 | 5.4 | 6.0 |
| Property, plant & equipment | 6.4 | 6.8 | 7.8 |
| Inventories | 236.5 | 223.9 | 277.6 |
| Trade receivables | 45.4 | 41.1 | 22.6 |
| Cash | 10.7 | 9.4 | 8.9 |
| Current assets | 292.6 | 274.4 | 309.1 |
| Total assets | 317.4 | 299.6 | 329.7 |
| Trade payables | 58.4 | 55.7 | 55.8 |
| Borrowings, current | 0.4 | 30.3 | – |
| Lease liabilities, current | 1.3 | 1.4 | 1.9 |
| Current liabilities | 77.0 | 99.5 | 71.5 |
| Borrowings, non-current | 49.9 | – | 70.7 |
| Lease liabilities, non-current | 3.9 | 4.2 | 4.0 |
| Deferred consideration | 14.4 | 7.5 | – |
| Total liabilities | 145.5 | 128.4 | 179.0 |
| Total equity | 171.9 | 171.3 | 150.6 |
| Net cash / (debt) incl. leases | – | – | (67.7) |
| H1 Nov 25 | H2 May 25 | H1 Nov 24 | H1 Nov 23 | H2 May 23 | H1 Nov 22 | |
|---|---|---|---|---|---|---|
| Other intangibles | 5.3 | 5.4 | 5.6 | 5.8 | 6.0 | 5.7 |
| Property, plant & equipment | 6.4 | 6.8 | 6.7 | 7.0 | 7.8 | 7.8 |
| Inventories | 236.5 | 223.9 | 260.4 | 276.8 | 277.6 | 283.8 |
| Trade receivables | 45.4 | 41.1 | 29.2 | 20.8 | 22.6 | 25.7 |
| Cash | 10.7 | 9.4 | 9.4 | 10.1 | 8.9 | 19.4 |
| Current assets | 292.6 | 274.4 | 299.0 | 307.7 | 309.1 | 329.0 |
| Total assets | 317.4 | 299.6 | 318.0 | 327.3 | 329.7 | 349.7 |
| Trade payables | 58.4 | 55.7 | 48.6 | 33.8 | 55.8 | 63.0 |
| Borrowings, current | 0.4 | 30.3 | 72.3 | 3.8 | – | – |
| Lease liabilities, current | 1.3 | 1.4 | 1.3 | 1.8 | 1.9 | 1.7 |
| Current liabilities | 77.0 | 99.5 | 131.8 | 44.0 | 71.5 | 79.5 |
| Borrowings, non-current | 49.9 | – | – | 99.7 | 70.7 | 87.2 |
| Lease liabilities, non-current | 3.9 | 4.2 | 3.9 | 3.5 | 4.0 | 4.1 |
| Deferred consideration | 14.4 | 7.5 | 7.4 | – | – | – |
| Total liabilities | 145.5 | 128.4 | 158.4 | 176.0 | 179.0 | 206.3 |
| Total equity | 171.9 | 171.3 | 159.7 | 151.2 | 150.6 | 143.5 |
| Net cash / (debt) incl. leases | – | – | – | (98.7) | (67.7) | (73.7) |
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.