Billington : 2025 Annual Report and Accounts

About this update from Billington Holdings Plc

ANNUAL REPORT & FINANCIAL STATEMENTS 2025 Welcome to our Annual Report Contents Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk "Billington delivered a robust performance in 2025 against the backdrop of very challenging market conditions and with continuing pricing pressure across the sector. Despite this, we maintained strong operational output, protected margins and secured a number of technically demanding, higher-value contracts that provide good visibility into 2026. The consolidation of our structural steel operations in Barnsley, alongside continued investment in capacity and capability, has improved our cost base and operational efficiency. With a healthy order book, growing pipeline of opportunities and a robust balance sheet, we entered 2026 with increased confidence and expect to deliver an improved financial performance in 2026." Mark Smith Chief Executive Officer Highlights Strategic Report 1 Chairman's Statement 5 Group Strategy 7 Operational Review 15 Key Performance Indicators 17 Financial Review 23 Sustainable and Responsible Business 25 Non Financial and Sustainability Information Statement 32 Sustainability Key Performance Indicators 35 Three Pillars of Sustainability 40 Section 172 Statement 41 Principal Risks and Uncertainties Governance 45 Governance Report 46 Board of Directors and Advisors 47 Report of the Directors 50 Audit and RIsk Committee Report Billington delivered a robust performance in 2025 against the backdrop of challenging market conditions, pricing pressure across the industry and client led contract slippage In line with the Board's policy for Revenue reduced by 15.4% to £95.7 Million (2024: £113.1 million) despite a 4.2% increase in Group productive hours, reflective of the Group's focus on more complex projects with reduced steel content Underlying profit Strong level of production hours secured for for projects due to be delivered in 2026 and 2027 Strong cash...

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