BRCK Group (BRCK) H1 2027 TU earnings summary

H1 trading performance

• H1 FY27 revenue expected at £343.1m, down 1.1% YoY from £347.0m; adjusted EBITDA expected at ~£25.5m vs £27.2m.

• Design & Install delivered another strong contribution; Jacksons made a positive initial contribution following its July 2026 acquisition.

• H1 FY27 performance was in line with Board expectations.

Market outlook

• UK housebuilding remained subdued, and the timing of a recovery in new starts remains uncertain; housebuilding and RMI markets continue to affect trading.

• Recovery is now expected to take longer than previously anticipated, with interest-rate-sensitive Distribution markets particularly exposed.

• FY27 adjusted EBITDA expected at ~£45.0m, below current market consensus of £50.3m.

• The proposed Your First Home scheme is viewed positively, but its details and implementation remain unconfirmed, limiting visibility on its impact.

Financial position and priorities

• Net debt at 30 September 2026 expected at £96.4m on a pre-IFRS basis, vs £66.8m a year earlier; increase reflects the Jacksons and freehold property acquisitions.

• Diversified model, strong brands and technical expertise support readiness to benefit from improved end markets; efficiency initiatives will receive accelerated focus amid continued inactivity in new house starts.