Alumasc Group (ALU) Trading update summary

Financial performance and trading update

• Achieved approximately 12% revenue growth to £113m for FY25, with organic growth of about 7%, significantly outperforming the estimated 2% growth in UK construction activity.

• Underlying profit before tax expected to be around £14.2m, about 9% higher than the previous year and in line with market expectations.

• All three divisions—Building Envelope, Water Management, and Housebuilding Products—delivered growth in both revenue and profit.

• Export sales, particularly from a major project at Chek Lap Kok airport in Hong Kong, offset domestic project delays.

Strategic execution and outlook

• Continued execution of growth strategy despite challenging macroeconomic conditions.

• Focus remains on winning market share, entering adjacent markets, and launching new products.

• Plans in place to mitigate short-term challenges through efficiency improvements and disciplined capital allocation.

• Optimism for delivering significant shareholder value as market conditions improve, with emphasis on environmentally sustainable solutions.

Financial position and investment

• Year-end net bank debt expected to be about £6m, with a leverage ratio of approximately 0.3x.

• Increased trade receivables at year-end due to shipment timing, expected to normalize in the first quarter of FY26.

• Strong operating cash generation and significant headroom against committed banking facilities support ongoing investment in growth opportunities.