Stelrad Group

SRAD · Main Market · Construction and Materials · mcap £185m · 139.0p

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Financials · LTM to 30 Jun 26

Source: results 07 Aug 26 ↗

Revenue: £267m
Operating profit: £29.3m
Net income: £12.9m
Free cash flow: £23.0m
Net debt: £63.5m
Market cap: £178m
EV / EBIT: 8.4×
FCF yield: +13.0%
Price / book: 3.2×

Latest half-year · H1 26 vs H1 25 results 07 Aug 26 ↗

Revenue: £124m
Operating profit: £15.7m
Net income: £8.7m
Cash from operations: £5.3m

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 07 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
Revenue	267.1	279.6
Gross profit	87.4	86.3
Exceptional / adjusting items	(4.0)	(14.9)
Operating profit	29.3	17.5
Depreciation (owned assets)	11.3	11.4
Amortisation	0.2	0.3
Finance costs	(6.4)	(7.6)
Profit before tax	23.1	10.1
Tax	(10.1)	(9.2)
Net income (owners)	12.9	0.8
EPS basic	10.2p	0.7p
EPS diluted	10.1p	0.7p

	H1 26	vs H1 25	H2 25	H1 25
Revenue	124.0	−9%	143.1	136.5
Gross profit	43.6	+3%	43.8	42.5
Adjusted operating profit	16.7	+5%	–	15.9
Exceptional / adjusting items	(1.0)	−91%	(2.9)	(12.0)
Operating profit	15.7	+308%	13.6	3.8
Depreciation (owned assets)	5.7	−2%	5.6	5.8
Amortisation	0.1	−52%	0.1	0.2
Share-based payments	0.5	–	–	–
Finance costs	(2.6)	−31%	(3.7)	(3.8)
Profit before tax	13.1	n/m	10.0	0.1
Tax	(4.5)	+26%	(5.7)	(3.5)
Net income (owners)	8.7	n/m	4.3	(3.4)
EPS basic	6.8p	–	3.4p	(2.7p)
EPS diluted	6.8p	–	3.3p	(2.7p)
Dividend per share	3.2p	–	–	3.0p

	LTM Jun 26	FY 25
Cash from operations	30.8	34.1
Interest paid	(4.8)	(5.9)
Tax paid	(8.7)	(8.0)
Capex (PP&E)	(4.8)	(5.2)
Capex (intangibles)	–	(0.0)
Lease principal paid	(2.9)	(2.7)
Dividends paid	(10.3)	(10.0)

	H1 26	vs H1 25	H2 25	H1 25
Cash from operations	5.3	−39%	25.5	8.6
Interest paid	(2.0)	−35%	(2.8)	(3.1)
Tax paid	(5.5)	+14%	(3.2)	(4.8)
Capex (PP&E)	(2.3)	−14%	(2.6)	(2.6)
Capex (intangibles)	–	–	(0.0)	(0.0)
Lease principal paid	(1.4)	+19%	(1.5)	(1.1)
Dividends paid	(6.4)	+5%	(3.9)	(6.1)

	Latest Jun 26	FY 25
Other intangibles	0.3	0.3
Property, plant & equipment	68.7	72.5
Inventories	70.7	62.4
Trade receivables	42.7	47.2
Cash	17.6	19.0
Total assets	206.3	206.9
Trade payables	60.8	67.1
Borrowings, current	2.4	2.6
Borrowings, non-current	78.6	74.4
Pension surplus / (deficit)	(4.6)	(4.6)
Total liabilities	151.6	153.5
Total equity	54.7	53.4
Net cash / (debt) ex leases	(57.5)	–

	H1 26	H2 25	H1 25
Other intangibles	0.3	0.3	0.5
Property, plant & equipment	68.7	72.5	73.8
Inventories	70.7	62.4	69.8
Trade receivables	42.7	47.2	48.9
Cash	17.6	19.0	17.6
Total assets	206.3	206.9	217.3
Trade payables	60.8	67.1	67.6
Borrowings, current	2.4	2.6	2.5
Borrowings, non-current	78.6	74.4	87.8
Pension surplus / (deficit)	(4.6)	(4.6)	(4.5)
Total liabilities	151.6	153.5	166.0
Total equity	54.7	53.4	51.3
Net cash / (debt) ex leases	(57.5)	–	(64.8)

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.