Business
Results for the year ended 31 December 2025
Billington Holdings PLC reported a challenging year for the twelve months ended 31 December 2025, with revenue decreasing by 15.4% to £95.7 million compared to £113.1 million in 2024, despite a 4.2% increase in productive hours. This revenue decline is attributed to a shift towards more complex projects with reduced steel content and industry-wide pricing pressures. Underlying profit before tax fell significantly to £4.1 million from £10.8 million in the prior year, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility, resulting in a profit before tax of £1.3 million. The company maintained a strong cash balance of £20.5 million, remaining debt-free. A dividend of 11.0 pence per share is recommended for 2025, down from 25.0 pence in 2024. The company anticipates an improved financial performance in 2026 due to a strong order book and increasing enquiry levels. Disclaimer*
About this update from Billington Holdings Plc
21 April 2026 Billington Holdings Plc ("Billington" or the "Company" or the "Group") Results for the year ended 31 December 2025 Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to announce its audited results for the year ended 31 December 2025. Highlights 31 December 2025 31 December 2024 Revenue £95.7m £113.1m EBITDA* £6.1m £12.4m Underlying profit before tax** £4.1m £10.8m Profit before tax £1.3m £10.8m Profit for the year £1.3m £8.3m Cash and cash equivalents £20.5m £21.7m Underlying basic earnings per share 27.1p 66.2p Basic earnings per share 10.4p 66.2p Dividend per share 11.0p 25.0p Return on Capital Employed (ROCE)*** 11.9% 36.9% * Earnings before interest, tax, depreciation, amortisation and non-underlying costs ** Profit before tax before £2.8 million of non-underlying staff costs, other operating charges and impairment losses *** Underlying operating profit divided by average total equity less the net defined benefit pension surplus and net cash • Billington delivered a robust performance in 2025 against the backdrop of challenging market conditions, pricing pressure across the industry and client led contract slippage • 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 before tax of £4.1 million and £2.8 million of non-underlying costs incurred in the year, primarily as a result of the closure of the Group's Yate facility, resulting in a profit before tax of £1.3 million (2024: £10.8 million) • Strong cash balance of £20.5 million maintained at year end (2024: £21.7 million) and the Group remains debt free • Strong level of production hours secured for projects due to be delivered in 2026 and 2027 • In line with the Board's policy for the Company to be paying dividends at a level that reflects underlying earnings, whilst continuing to maintain a robust balance sheet, a dividend of 11.0 pence per share in respect of 2025 (25.0 pence per share paid in respect of 2024) is recommended Mark Smith, Chief Executive Officer of Billington, commented: "Billington delivered a robust performance in 2025 against...
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