REG - Alumasc Group Plc - Q3 Trading Update

AlumascAnnouncement

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RNS Number : 6596A  Alumasc Group PLC (The)  16 April 2026

16 April 2026

THE ALUMASC GROUP PLC

("Alumasc" or the 'Group')

Q3 Trading Update

Alumasc (ALU.L), the premium sustainable building products, systems and
solutions Group, provides the following trading update for the third quarter
of its financial year ending 30 June 2026 ('Q3 FY25/26' or 'the period').

Q3 performance

As announced at our Interim Results on 3 February 2026, we anticipated a
materially stronger second half to the year, supported by market share gains,
a growing order book and a robust pipeline of opportunities, as well as some
early signs of improving business and consumer confidence.

The strong momentum in order intake seen towards the end of H1 FY25/26
continued into Q3, albeit overall performance was slightly below expectations,
due to the impact of events in the Middle East from the end of February 2026.
Overall, Q3 FY25/26 revenues were 2% ahead of the prior year, with an average
monthly run-rate 8% ahead of H1 FY25/26. The order book at the end of March
2026 was 28% higher than March 2025, and 8% higher than December 2025.

Revenues improved in line with management's expectations at both the Building
Envelope division and the Housebuilding Products division, which continued to
outperform their markets despite challenging conditions. Whilst the Water
Management division's order book continued to grow, revenues were below
expectations, due to continued project delays.

Outlook

The Group continues to see a good pipeline of opportunities, but conditions in
key commercial markets remain subdued, reflecting affordability concerns, a
constrained planning environment and fragile confidence levels. In recent
weeks these conditions have been exacerbated by rising global geopolitical and
macroeconomic instability resulting from the conflict in the Middle East.

We are seeing impacts from this in slower decision-making and delays to large
project timings. Management continue to take steps to mitigate potential
impacts from Middle East-related input cost inflation and extended supply
chain lead times.

Shipments to the Chek Lap Kok airport project resumed in Q3 FY25/26, but
call-off timings remain difficult to predict and some of the £1.3m remaining
order balance at March 2026 may not ship until FY26/27. In addition,
deliveries for the first phase of the Changi Airport project in Singapore are
now not expected to commence in the current financial year.

Against this market backdrop, the Board is adopting a more cautious view of
the Group's outlook for the remainder of the 2026 calendar year, and now
expects FY25/26 underlying profit before tax to be approximately £11m. The
Group continues to have a strong balance sheet, with the year end net bank
debt leverage ratio expected to be approximately 0.4x, allowing it to
capitalise on opportunities as they emerge.

The Group continues to progress its strategic initiatives under the leadership
of its new CEO, Pamela Bingham, and has identified significant opportunities
in the Water Management division to further drive performance improvement,
productivity and cost efficiencies. These initiatives will be implemented
through the remainder of FY25/26 and into the next year, and are expected to
deliver benefits from FY26/27 onwards. As a result, the Group remains very
well positioned to deliver sustainable long-term growth and improved
profitability when conditions in its commercial markets recover.

Pamela Bingham, CEO, commented:

"Market conditions have undoubtedly become more challenging since we published
our Interim Results on 3 February, with increasing macroeconomic and
geopolitical uncertainty weighing on decision‑making and project timelines
across our end markets, driven by events in the Middle East. Against this
backdrop, the Board is rightly taking a cautious view of the outlook over the
remainder of 2026.

That said, I see significant scope to drive performance through self‑help
initiatives, especially in our Water Management division. We are maintaining
momentum in order intake, growing our order book year on year, and continuing
to take share in regulation‑ and specification‑led markets where demand
for high‑performance and sustainable solutions remains resilient.

Our focus is on what we can directly control: improving operational efficiency
and service levels, strengthening customer relationships, and investing
selectively in product innovation, sustainability and specification support.
These actions are already improving the quality and resilience of the Group
and will underpin enhanced profitability as markets recover.

With strong brands, a robust balance sheet and a clear strategic direction, we
are confident in our ability to navigate the current environment and emerge in
a stronger competitive position when market conditions improve."

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.

Enquiries:

 

The Alumasc Group plc

Pamela Bingham
(CEO)
+44 (0)1536 383844

Simon Dray (CFO)

Cavendish (Nominated Adviser & Joint
Broker)

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

Matt Lewis (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

Notes to Editors:

Alumasc is a UK-based supplier of premium sustainable building products,
systems and solutions. Almost 80% of Group sales are driven by building
regulations and specifications (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: Water Management; Building
Envelope; and Housebuilding Products.

 

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