Billington Holdings (BILN): Profit warning
This situation live
BILN Billington Holdings
Profit warning
profit warning
Directionbelow expectations / warning
Reaction on the day−19%
In 12 months1 statement in the same direction
Company's wordsFollowing a review of current projects and their expected financial contribution in FY26, the Board now expects that the Group’s underlying profit before tax* for FY26 will be in the range of £4.0 million to £5.5 million, which is below current market expectations** (2025: £4.1 million). ↗
As of 6 Nov 2026 ↗
Since Oct 2023: 678 situations of this kind; median share price +2% six months after they opened
APR20
Next: Final FY26 outturn and recognition of contract profits after year end in 160 days
Every step · 1
- 6 Nov 2026 profit warning – Following a review of current projects and their expected financial contribution in FY26, the Board now expects that the Group’s underlying profit before... ↗
What is happening
Billington Holdings: Profit warning – profit warning. ['profit warning']
- In short
- On 6 Nov 2026 the Board guided FY26 underlying PBT to £4.0m-£5.5m, below market expectations and about flat on 2025's £4.1m. Causes are a weak industrial project in northern England and client-led delays on Tubecon's bridge contract, shifting profit into 2027. Outturn could land at the high end once contract profit recognition is decided after the year end.
- Announced
- 6 Nov 2026 · profit warning · -19% on the day
- FY26 guidance
- Underlying PBT £4.0m to £5.5m, below market expectations (2025: £4.1m)
- Cause 1
- Industrial project in north of England, material reduction in margin after cost-to-complete reassessment
- Cause 2
- Client-led delays to a significant Tubecon bridge contract; contribution now expected in 2027
- Upside
- Outturn may be at the higher end of the range if certain contract profits are recognised
- Order book
- Record, with visibility through 2027 and for some projects into 2028
What comes next
Final FY26 outturn and recognition of contract profits after year end (20 Apr 2027).
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