LORDS GROUP TRADING PLC (LORD) — Financial results for the six months ended 30 June 2025

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the LORDS GROUP TRADING PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and will be submitted at any time by the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like now like to hand you over to Shankar Patel, CEO. Good morning, sir. Good morning. Good morning, everyone, and thank you for taking the time to join us for our h one twenty twenty five results. The theme of our results is that we've made strong continued progress in our strategy. In terms of the highlights of of of today, we're very pleased that our group revenues have grown by 8.4% in what is a still quite challenging market. In particular, our like for like revenues were up 7%. And within our merchanting division, the revenue is up 12.6%. With an adjusted EBITDA, that's up 8.6%. It's a really good performance in our merchanting division. In the last six months, we've acquired UK's largest online construction retailer, CMO, for £1,800,000 in June. We've also opened three new merchanting branches to date. In terms of our liquidity and our finances, we completed a sale and leaseback of four operating sites at 13,100,000, and this has allowed us additional liquidity to leverage growth opportunities as the market recovers. Overall, adjusted EBITDA performance is marginally ahead of the pre clean heat market mechanism results of h one twenty twenty four, And 2025 h...