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Grafton Group (GFTU) investor relations material
Grafton Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a return to revenue and profit growth in 2025, with revenue up 10.4% to GBP 2.52 billion and adjusted operating profit up 7.1% to GBP 190.2 million year-over-year.
Adjusted return on capital employed rose 60 basis points to 10.9%, exceeding the cost of capital.
Successfully integrated Salvador Escoda in Spain and HSS Hire in Ireland, strengthening market positions and expanding the Group's footprint.
Maintained strong cash conversion and preserved a robust balance sheet to support future development.
Leadership team further strengthened and development activities progressed.
Financial highlights
Revenue reached GBP 2.52 billion, up 10.4% year-over-year; like-for-like revenue up 1.7%.
Adjusted operating margin pre-property profit was 7.3%, 30 basis points below last year; adjusted operating profit margin was 7.5%.
Adjusted operating profit before property profit was GBP 184.3 million, up 6.2% year-over-year; including property profit, it was GBP 190.2 million, up 7.1%.
Adjusted EPS increased 5.1% to GBP 0.754 (75.4p), aided by share buybacks; full-year dividend up 2%.
Free cash flow of GBP 168 million with 88% conversion; net debt reduced to GBP 123.4 million (0.39x leverage).
Outlook and guidance
Construction outlook in Ireland remains positive, with continued housing supply acceleration; retail consumer sentiment more cautious.
Great Britain expects modest market growth in the second half of 2026 after a slow, weather-impacted start.
Netherlands construction market anticipated to gradually recover; Finland improvement expected in H2 2026.
Iberian construction market forecast to grow 3%-4% in 2026, with strong segment prospects.
Medium-term outlook positive across all geographies, driven by structural housing shortages and aged stock.
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