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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Ibstock
Ibstock (IBST) investor relations material
Ibstock Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary20 Jan, 2026
Executive summary
Revenue increased 2% year-over-year to approximately £372 million in FY25, despite challenging market conditions in the second half.
Strategic agility and cost management actions supported resilient performance and robust financial health.
Major investments in Atlas and Nostell facilities are nearly complete, enhancing efficient and sustainable production capacity.
Financial highlights
Revenue rose to c.£372 million from £366 million in 2024, a 2% increase year-over-year.
EBITDA for the full year is expected to be in line with previous guidance.
Year-end net debt stands at around £120 million, reflecting c.£30 million proceeds from non-core disposals.
Underlying trading cash flow was in line with guidance.
Outlook and guidance
Residential construction and RMI markets are expected to remain subdued in the near term, with modest volume growth anticipated in H2 2026.
Pricing actions are expected to offset cost inflation, but margin headwinds are anticipated in H1 2026 due to active management of production and inventory.
Improved cash generation and reduced leverage provide flexibility for future growth and capital returns.
Medium-term prospects remain positive, though timing of recovery is uncertain.
Explain strategic rationale for roofing disposal
What is the business case for calcined clay?
Quantify H1 2026 margin headwind impact
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Next Ibstock earnings date
H2 20254 Mar, 2026
Ibstock
Next Ibstock earnings date
H2 20254 Mar, 2026
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Frequently asked questions
The Ibstock plc is an integrated producer of products for construction, the United Kingdom. The Company manufactures and sells clay and concrete building products and solutions primarily in the United Kingdom. Its principal products include clay bricks, brick components, concrete roof tiles, concrete stone masonry substitutes, concrete fencing, pre-stressed concrete, and concrete rail products. Ibstock plc was founded in 1825 and is headquartered in Ibstock, the United Kingdom.
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