2nd Sep 2025 14:31
(Alliance News) - Braime PLC on Tuesday said there continues to be new investments in some markets but that there was little sign of confidence necessary for major new investments in its most important markets.
The Leeds, England-based metal press work manufacturer said pretax profit jumped 30% to GBP2.0 million in the first half of 2025, from GBP1.5 million a year prior.
Revenue climbed 6.8% to GBP26.4 million from GBP24.8 million. The company noted increased demand from new customers for Braime Pressings Ltd, which specialises in metal presswork.
Cost of raw materials and consumables used increased 6.4% to GBP13.9 million from GBP13.1 million, while employee benefits costs were also 6.4% higher at GBP6.3 million from GBP6.0 million.
Other expenses came down 3.3% to GBP3.2 million from GBP3.3 million.
Looking ahead, Braime noted that there continued to be new investments in some markets such as South America, but highlighted that there was "little sign of the confidence necessary for major new investments in our most important markets such as North America and Western Europe, so in the short-term growth is likely to continue to be limited."
It added that the situation had not been helped by uncertainty created by "the frequent and largely unpredictable changes in tariffs by the Trump administration and by the uncertainty regarding the strength of the US dollar."
Braime emphasised that the weakening of the dollar reduced its reported earnings when consolidated into sterling.
On a cautious note the company said: "In this landscape, we are hopeful of maintaining some growth and will continue to try to adapt our strategy to maximise this, but growth is likely to be limited in the short term by the lack of major new investment projects and the increased competition for what remains."
Braime shares rose 8.9% to 980.00 pence each on Tuesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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