Business
Interim Results and Board Change
Billington Holdings PLC announced its unaudited interim results for the six months ended June 30, 2025. The company reported a revenue decrease to £41.78 million from £57.90 million in the first half of 2024. Profit before tax also decreased to £1.67 million, compared to £4.64 million in the prior year. Basic earnings per share (EPS) decreased to 9.8p from 27.6p. The company's cash and cash equivalents stood at £18.73 million, down from £21.87 million. The company also announced that Trevor Taylor, CFO, will move to the new role of COO and Dave Jones will be promoted to CFO, effective October 1, 2025. Due to client led contract delays, the results for the year ended December 31, 2025 are anticipated to be below market expectations. Disclaimer*
About this update from Billington Holdings Plc
[{"type":"text","content":"\n\n30 September 2025\nBillington Holdings Plc\n \n(\"Billington\", the \"Group\" or the \"Company\")\n \nInterim Results for the six months to 30 June 2025\nand\nBoard Change\n \nBillington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, announces its unaudited interim results for the six months ended 30 June 2025.\n \n\n\n\n\n\n\n\nUnaudited six months to 30 June 2025\n\n\nUnaudited six months to 30 June 2024\n\n\nPercentage Movement\n\n\n\n\nRevenue\n\n\n£41.78m\n\n\n£57.90m\n\n\n-27.84%\n\n\n\n\nEBITDA*\n\n\n£2.68m\n\n\n£5.32m\n\n\n-49.62%\n\n\n\n\nProfit before tax\n\n\n£1.67m\n\n\n£4.64m\n\n\n-64.01%\n\n\n\n\nCash and cash equivalents\n\n\n£18.73m\n\n\n£21.87m\n\n\n-14.36%\n\n\n\n\nBasic Earnings per share (EPS)\n\n\n9.8p\n\n\n27.6p\n\n\n-64.49%\n\n\n\n\n* Earnings before interest, tax, depreciation and amortisation\n \nHighlights\n \n\n\n\n\n•\n\n\nRevenue decreased to £41.78 million (H1 2024: £57.90 million) reflecting the increase in complex, labour intensive contracts with a lower proportion of steel content relative to productive labour requirements. H1 2025 productive hours increased by 5.4% compared to H1 2024\n\n\n\n\n•\n\n\nProfit before tax of £1.67 million (H1 2024: £4.64 million)\n\n\n\n\n•\n\n\nStrong cash balance of £18.73 million as at 30 June 2025 (31 December 2024: £21.70 million and 30 June 2024: £21.87 million)\n\n\n\n\n•\n\n\nOperationally strong performance against a backdrop of challenging market conditions with pricing pressure for new work evident in the market\n\n\n\n\n•\n\n\nThe Group has a very healthy order book, particularly relating to the quantum of productive hours secured, providing good visibility for the remainder of 2025 and into 2026\n\n\n\n\n•\n\n\nIt is anticipated that due to client led contract delays and the associated timing of profit recognition the results for the year ended 31 December 2025 will be below market expectations. FY26 remains in line with market expectations\n\n\n\n\n•\n\n\nTrevor Taylor CFO to move to new Board role of COO. Dave Jones promoted to CFO; further details provided below\n\n\n\n\n \nMark Smith, Chief Executive Officer of Billington, commented: \n \n\"Following a strong performance by Billington in 2024 it is unfortunate that the market for struc...