BILLINGTON HOLDINGS PLC (BILN) — Results for the year ended 31 December 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the BILLINGTON HOLDINGS PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. Before we begin, I'd like to submit the following poll. And I'd like to hand you over to the BILLINGTON HOLDINGS PLC. Good afternoon. I'm Mark Smith, chief executive officer at BILLINGTON HOLDINGS PLC. I and my colleagues Trevor Taylor, Chief Operating Officer and Dave Jones, Chief Financial Officer are pleased to present to you our 2020 five year end results. Our executive summary here provides some of the highlights 2025. Reduced revenue as a result of delivering a smaller number of highly complex projects with a reduced steel content. Underlying operating margin of 3.6% after adjusting for the costs associated with the closure of the Yate facility and consolidation of structural steelwork activities in Barnsley. Profitability has been impacted as a result of subdued macroeconomic environment combined with margin deferment associated with client led contract delays. A strong cash balance has been maintained and the balance sheet remains with zero debt and the majority of company properties owned outright. Dividend is proposed of 11p per share, a dividend cover level consistent with prior years and assess on the underlying earnings. A robust order book with a diverse mix of projects, securing productivity for 2026 and into 2027. New TubeCon facility has been constructed and is now fully operational. Five year capital investment program has been principally completed in the year, which has increased quality, efficiency and productivity. Th...