Business
Pre-Close Trading Update and Notice of Results
Michelmersh Brick Holdings Plc anticipates full-year revenue of approximately £69.0 million and adjusted EBITDA of around £12.5 million, despite a slowdown in the construction market during the fourth quarter. The company has returned £1.8 million through its share buyback program, with the £2 million allocation expected to be completed by year-end, and anticipates a broadly cash-neutral balance sheet. Improved second-half profits are expected due to a return to normal production rhythms following significant capital investment. Disclaimer*
About this update from Michelmersh Brick Holdings Plc
[{"type":"text","content":"\n\n \n2 December 2025\nMichelmersh Brick Holdings Plc\n(\"MBH\", the \"Company\", or the \"Group\")\n \nPre-Close Trading Update and Notice of Results\n \nMichelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer, today announces a pre-close trading update ahead of its final results for the year ending 31 December 2025.\n \nFollowing the interim results announcement on 2 September 2025, whilst trading and profitability have been ahead of the first half, there has been a notable slowdown in the construction market and activity levels in the final quarter, as has been widely reported. These activity levels have been impacted by a challenging macro-economic outlook and the uncertainty of UK Budget policy announcements, which have adversely impacted both consumer sentiment and investment decision making across the sector.\n \nDespite this challenging backdrop, we have continued to see positive order intake levels, which are underpinning the Group's well-balanced forward order book. This reflects robust customer demand for our diverse product offering, which has been supported by our collaborative approach to pricing, albeit with more uncertain timing of brick despatches. Our commitment to delivering our broad product range and high levels of customer service means that we are well positioned to continue to trade through the ongoing challenging market conditions.\n \nDuring the year, we have continued to deliver against the Group's capital allocation priorities, which has focused on investing back into the business, paying sustainable dividends and returning excess cash to our shareholders through our share buyback programme. Under this programme we have returned £1.8 million in the period to date and expect to complete the £2 million allocation which we announced in April by the close of the year.\n \nFollowing the substantial capital investment across our facilities in the first half, we are pleased to report that a more normal production operating rhythm has continued through the second half, which is expected to deliver improved profits in the second half of the financial year and as we look beyond into 2026. \n \nWith the change in market conditions in the fourth quarter, the Board expects revenue for the year to be c.£69.0 million with adjusted EBITDA of approxima...