BRCK Group (BRCK) H2 2026 earnings summary

Executive summary

• Delivered resilient performance amid sector challenges and geopolitical uncertainty, supported by a new divisional structure and a corporate name change to reflect broader activities.

• Completed the acquisition of H.S. Jackson & Son (Fencing) Limited post period end, diversifying into premium fencing and security markets.

• Strategic focus on operational capabilities, resilience, and governance, with ongoing business process improvements and IT upgrades.

Financial highlights

• Revenue rose 1.3% year-over-year to £645.4m; Adjusted EBITDA increased 4.5% to £51.0m.

• Adjusted profit before tax up 4.9% to £38.3m; Adjusted EPS up 8.0% to 8.91p.

• Gross profit margin declined 20bps to 18.9%; Adjusted EBITDA margin improved 20bps to 7.9%.

• Net debt increased to £60.5m; total dividend per share maintained at 3.51p.

• Significant non-recurring items included goodwill and intangible asset impairments, and refinancing costs.

Outlook and guidance

• Well-positioned to benefit from any improvement in trading conditions, with modest market recovery expected to drive meaningful profit growth.

• Trading environment remains challenging, with subdued housebuilding and RMI markets anticipated to persist in the near term.

• Diversification strategy and acquisition pipeline provide resilience and growth opportunities.

• Balance sheet remains strong, with ongoing investments in IT and process scalability.