REG - Michelmersh Brick - Pre-Close Trading Update and Notice of Results

Michelmersh Brick HoldingsAnnouncement

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RNS Number : 7806J  Michelmersh Brick Holdings PLC  02 December 2025

 

2 December 2025

Michelmersh Brick Holdings Plc

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

 

Pre-Close Trading Update and Notice of Results

 

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer,
today announces a pre-close trading update ahead of its final results for the
year ending 31 December 2025.

 

Following the interim results announcement on 2 September 2025, whilst trading
and profitability have been ahead of the first half, there has been a notable
slowdown in the construction market and activity levels in the final quarter,
as has been widely reported. These activity levels have been impacted by a
challenging macro-economic outlook and the uncertainty of UK Budget policy
announcements, which have adversely impacted both consumer sentiment and
investment decision making across the sector.

 

Despite this challenging backdrop, we have continued to see positive order
intake levels, which are underpinning the Group's well-balanced forward order
book. This reflects robust customer demand for our diverse product offering,
which has been supported by our collaborative approach to pricing, albeit with
more uncertain timing of brick despatches. Our commitment to delivering our
broad product range and high levels of customer service means that we are well
positioned to continue to trade through the ongoing challenging market
conditions.

 

During the year, we have continued to deliver against the Group's capital
allocation priorities, which has focused on investing back into the business,
paying sustainable dividends and returning excess cash to our shareholders
through our share buyback programme. Under this programme we have returned
£1.8 million in the period to date and expect to complete the £2 million
allocation which we announced in April by the close of the year.

 

Following the substantial capital investment across our facilities in the
first half, we are pleased to report that a more normal production operating
rhythm has continued through the second half, which is expected to deliver
improved profits in the second half of the financial year and as we look
beyond into 2026.

 

With the change in market conditions in the fourth quarter, the Board expects
revenue for the year to be c.£69.0 million with adjusted EBITDA of
approximately £12.5 million, and in line with our capital allocation strategy
and also reflecting the impact of trading in the fourth quarter, a broadly
cash neutral balance sheet as at 31 December 2025.

 

Notice of Results

 

The Group intends to report its results for the year ended 31 December 2025 on
24 March 2026.

 

 Michelmersh Brick Holdings Plc                                                                                                                   Tel: +44 (0)1825 430 412

 Ryan Mahoney, Chief Executive Officer

 Rachel Warren, Chief Financial Officer
 Canaccord Genuity Limited (NOMAD and Broker)                                                                                                     Tel: +44 (0)20 7523 8000

 Max Hartley

 Bobbie Hilliam

 Harry Pardoe

 Alma Strategic Communications                                                                                                                    Tel: +44 (0) 20 3405 0205

                                                                                                                                                michelmersh@almastrategic.com
 Andrew

 Jaques

 Sam Modlin

 Kinvara Verdon

 Louisa El-Ahwal

The information contained within this announcement is deemed to constitute
inside information as stipulated under the UK Market Abuse Regulations. Upon
the publication of this announcement, this inside information is now
considered to be in the public domain.

About Michelmersh Brick Holdings PLC:

 

Michelmersh Brick Holdings PLC is a business with seven market leading brands:
Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and
Hathern Terra Cotta. These divisions operate within a fully integrated
business, combining the production of premium, precision-made bricks, pavers,
special shaped bricks, bespoke Terra Cotta products and prefabricated brick
components. The Group also includes a landfill operator, New Acres Limited,
and seeks to develop future landfill and development opportunities on
ancillary land assets.

Established in 1997, the Company has grown through acquisition and organic
growth into a profitable and asset rich business, producing over 120 million
clay bricks and pavers per annum. Michelmersh currently owns most of the UK's
premium manufacturing brick brands and is a leading specification brick and
clay paving manufacturer.

Michelmersh strives to be a well invested, long term, sustainable,
environmentally responsible business. Opportunity, training and security for
all employees, whilst meeting the needs of stakeholders are at the forefront
of everything we do. We aim to lead the way in producing some of Britain's
premium clay products and enhancing our environment by adding value to the
architectural landscape for generations to come.

We are Michelmersh Brick Holdings PLC: we are "Britain's Brick Specialist".

Please visit the Group's websites at: www.mbhplc.co.uk
(http://www.mbhplc.co.uk) , www.bimbricks.com (http://www.bimbricks.com) and
www.sustainablebrick.com (http://www.sustainablebrick.com/)

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