Business
Interim Results
Alumasc Group plc reported a resilient performance for the six months ended 31 December 2025, with revenue of £50.4 million, down from £57.4 million in the prior year, impacted by market headwinds and project delays. Despite lower revenue, the underlying operating margin was 8.9%, and underlying profit stood at £4.0 million. The company maintained its interim dividend at 3.5p per share, reflecting a strong financial position with net debt at £7.7 million. An order book increase of 27% excluding a major airport project, coupled with a robust pipeline, underpins confidence for a stronger second half and full-year expectations. Disclaimer*
About this update from Alumasc Group Plc
[{"type":"text","content":"\n\nTuesday 3 February 2026\n \nThe Alumasc Group plc\nInterim results\nResilient performance, on track for delivering on FY expectations\n \nAlumasc (ALU.L) (the 'Company' or the 'Group'), the sustainable building products, systems and solutions Group today announces its results for the six months ended 31 December 2025 ('H1 FY26').\n \n· Resilient performance against a strong prior year comparator; market share gains together with a healthy and growing order book and robust pipeline underpins continued anticipation of a materially stronger H2, in line with management's expectations\n· Group revenue £50.4m (H1 FY25: £57.4m):\no Continued demand headwinds from Building Safety Act-related project delays and affordability issues, with Q2 further impacted by uncertainty caused by the Autumn budget\no H1 FY25 comparator includes £5.5m revenue from substantial Chek Lap Kok (CLK) airport project in Hong Kong (H1 FY26: £0.1m), further revenues from CLK expected in H2 FY26\n· Group underlying* operating margin reflects lower H1 FY26 revenues at 8.9% (H1 FY25: 14.1%):\no Further action taken to drive efficiency and margins; £1.1m of annualised cost savings achieved\no Medium term target remains 15-20%\n· Underlying* profit £4.0m (H1 FY25: £7.5m) reflects expected weighting to H2 FY26\n· Statutory profit before tax of £4.0m (H1 FY25: £6.5m)\n· Interim dividend per share of 3.5p (H1 FY25: 3.5p) maintained, reflecting strong financial position and continued confidence in prospects\n· Strong balance sheet, with net debt of £7.7m (H1 FY25: £4.6m), representing a conservative leverage ratio of 0.5x (H1 FY25: 0.3x):\no Temporary working capital build towards end of Q2 FY26, in order to meet growing order intake for H2 FY26\no £0.5m non-underlying cash receipt from sale of Dover property in period\n· Improved defined benefit pension scheme position: IAS19 surplus of £7.1m (Dec 24: £3.5m; June 2025: £4.8m):\no Annual contributions reduced from £1.2m to £0.7m from September 2025\no Scheme substantially de-risked; low dependency target expected to be reached by 2030\n· Water...