LORDS GROUP TRADING PLC (LORD) — Half year results for the six months ended 30 June 2026

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to the LORDS GROUP TRADING PLC investor presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time just by using the q and a tab situated on the right hand corner of your screen. Please just simply type in your questions and press send. We begin, I'd like to submit the following poll. And now I'll hand you over to Shankar Patel, CEO. Good morning, sir. Good morning. Thank you, and thank you to the attendees for joining us this morning for our h one twenty twenty six update. The update is that we have delivered a resilient first half revenue, for 2026, and we are undertaking operational actions to improve our performance and reduce our leverage. In terms of the agenda, I will go through the highlights followed by a financial review, by our CFO, Stuart Kilpatrick, and then I will go through a business review and provide a short update on the outlook followed by q and a. 2026, the first half, as I said, we've delivered resilient revenue performance, and a decisive operational response to what has been a difficult and challenging market. Management had identified the issues, and we have increased the pace of action that we need to take as a result of an unexpected weaker market than originally anticipated at the back end of twenty twenty five. Our revenues were 220 232,100,000, which is broadly in line with h 01/2025. Our group like for like revenue, unfortunately, is a negative 6.8%, where we can see that it's demonstrated by underlying demand weakness across our end markets. Our adjusted EBITDA is 8,400,000 with a margin of 3.6%. Given the market and the need to preserve our balance sheet, we're not proposing an interim dividend. And our net debt is 26,500,00...