REG - Alumasc Group Plc - Full Year Trading Update

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RNS Number : 0020R  Alumasc Group PLC (The)  15 July 2025

15 July 2025

The Alumasc Group plc

("Alumasc", the "Group", or the "Company")

Full Year Trading Update

 Strong performance, FY25 results in line with expectations

Alumasc, the sustainable building products, systems and solutions group,
provides a trading update for the year ended 30 June 2025 ('FY25'), ahead of
publishing its FY25 results on 2 September 2025.

Highlights

·    Continued execution of the strategy despite challenging market
conditions

o  Revenue growth of c.12% to approximately £113m (FY24: £101m),
underpinned by organic growth significantly ahead of UK construction markets

o  Underlying profit before tax ('UPBT')(1) expected to be c.£14.2m,
approximately 9% above the prior year, in line with market expectations(2)

·    Revenue and profit ahead of prior year across all three divisions

·    Strong platform to deliver further significant shareholder value when
market conditions improve

Full year performance in line with market expectations

Despite ongoing macroeconomic uncertainty in the majority of its commercial
markets, the Group expects to report c.12% revenue growth to c.£113m (FY24:
£101m). Excluding the incremental six months' contribution from ARP, this
represents organic growth of c.7%, significantly outperforming the estimated
2% growth in overall UK construction activity(3).

All three divisions delivered growth in both revenue and profit. The Building
Envelope and Housebuilding Products divisions continued their strong momentum,
supported by new product introductions and outstanding customer service. UK
revenues within Water Management division were impacted by project delays,
however this was offset by export sales growth, including faster-than-expected
call-offs from a significant project at Chek Lap Kok airport in Hong Kong.

With continued focus on cost management and efficiency, underlying profit
before tax is expected to be approximately £14.2m, c.9% above the prior year
and in line with market expectations.

Strong financial position

Year end net bank debt (pre-IFRS 16) is expected to be approximately £6m,
representing a leverage ratio of c.0.3x. This includes an increased level of
trade receivables at 30 June 2025, due to the timing of shipments into the
Chek Lap Kok airport project, which is expected to normalise over the first
quarter of FY26.

The Group has continued to invest in its organic growth opportunities, and
with its strong operating cash generation, and significant headroom against
its committed banking facilities, retains substantial capacity to fund its
strategic and operational plans.

Paul Hooper, Chief Executive of Alumasc, commented:

"I am pleased to report another year of revenue and profit growth and a
performance in line with market expectations.

This strong performance was achieved against a backdrop of challenging market
conditions, with macroeconomic uncertainty affecting business and consumer
confidence.

 

We have established plans to mitigate any continued short term challenges, by
continuing to focus on winning market share and entering adjacent markets, and
by providing excellent customer service and new products. We will also
maintain our disciplined approach to capital allocation and our commitment to
efficiency improvements.

As market conditions improve, we remain optimistic that our growth strategy
and focus on higher-growth environmentally sustainable solutions will deliver
significant shareholder value."

(1) Underlying profit before tax ('UPBT') is calculated before amortisation of
acquired intangible assets, IAS19 pension costs, and acquisition and
restructuring costs.

(2) The Board understands the current market UPBT consensus forecast for the
year ending 30 June 2025 to be £14.2m.

(3) Source: CPA Construction Industry Spring 2025 Forecast for the year to
December 2025.

Enquiries:

The Alumasc Group plc

Paul Hooper (Chief Executive)
       +44 (0)1536 383844

Simon Dray (Group Finance Director)

Cavendish (Nominated Adviser & Joint Broker)

Julian Blunt, Edward Whiley (Corporate Finance)          +44 (0)207 908
6000

Tim Redfern
(ECM)

Peel Hunt (Joint
Broker)

Mike Bell
                            +44 (0)207 418 8831

Ed
Allsopp

Camarco (Financial PR)

Ginny Pulbrook
                     +44 (0)203 757 4992

Tilly Butcher
                        +44 (0)203 757 4991

 
                                     alumasc@camarco.co.uk
(mailto:alumasc@camarco.co.uk)

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations. The person responsible for making this announcement on
behalf of the Company is Helen Ashton, Group Company Secretary.

END

LEI: 2138002MV11VKZFJ4359

The Alumasc Group plc

Burton Latimer, Kettering, Northants NN15 5JP

About Alumasc:

Alumasc is a UK-based supplier of premium building products, systems and
solutions. Almost 80% of group sales are driven by building regulations and
specifications (developers/housebuilders, architects and structural engineers)
because of the performance characteristics offered.

The Group has three business segments with strong positions and brands in
their individual markets. The three segments are: Building Envelope; Water
Management; and Housebuilding Products.

 

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