15th Jul 2025 14:39
(Alliance News) - Alumasc Group PLC on Monday said performance was in line with guidance in financial 2025, with organic revenue growth "ahead of UK construction market".
The Kettering, England-based firm supplies building products for water and energy management.
Alumasc estimated underlying pretax profit of GBP14.2 million for the year ended June 30, up 9% from the year prior and in line with company-cited consensus.
The firm noted growth across all divisions, though UK revenue for the Water Management division was hit by project delays. According to Alumasc, the impact was offset by higher export sales and faster-than-expected call-offs from work at Hong Kong's Chek Lap Kok airport.
Full-year revenue is expected to rise 12% to GBP113 million from GBP101 million in 2024.
On an organic basis, Alumasc estimated that revenue grew 7%, excluding a six-month contribution from accounts receivable purchase. The firm compared this to 2% overall growth in UK construction activity, according to a CPA Construction Industry forecast.
Earlier in July, S&P Global reported that business confidence among construction firms was at its lowest since December 2022. The S&P Global construction purchasing managers' index suggests that the sector has been in decline since January, though the pace of decline has eased slightly.
Alumasc suggested it will deliver further value "once market conditions improve" as it positions itself as an "environmentally sustainable" business.
Net bank debt, before IFRS adjustments, is estimated to be GBP6 million at June 30, versus GBP7 million on-year. This represents 0.3x leverage, compared with 0.5x, and accounts for an increase in trade receivables due to shipment timings at Chek Lap Kok.
Alumasc expects this to normalise in the first quarter of 2026.
"Strong performance was achieved against a backdrop of challenging market conditions, with macroeconomic uncertainty affecting business and consumer confidence," noted Chief Executive Paul Hooper
"We have established plans to mitigate any continued short term challenges, by continuing to focus on winning market share and entering adjacent markets, and by providing excellent customer service and new products. We will also maintain our disciplined approach to capital allocation and our commitment to efficiency improvements."
Alumasc will publish full-year results on September 2.
The company's shares were 4.6% lower at 355.50 pence on Tuesday afternoon in London.
By Holly Munks, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Alumasc Group