16th Mar 2026 08:55
(Alliance News) - SigmaRoc PLC on Monday reported annual profit growth, but noted a slow start to 2026 in some regions, as "extreme winter conditions" kept a lid on construction sector activity.
The London-based limestone and minerals company said activity has since bounced back, however, and it sees German stimulus measures and European defence spending supporting end-markets.
Pretax profit in 2025 more than doubled to GBP98.9 million from GBP45.8 million. Revenue rose 3.8% to GBP1.04 billion from GBP997.6 million.
"These results demonstrate the quality of our business, the agility of our business model and the resourcefulness of our teams. They show the company is now well set up for its next chapter, to scale and take advantage of the many cyclical and structural tailwinds which are starting to emerge in Europe," Chief Executive Officer Max Vermorken said.
"Some of these tailwinds are starting to become apparent throughout the group. Some will need a bit more time to materialise. We are confident however, seeing how the group was able to handle incredibly uncertain times in the past, that it is now positioned to be able to take advantage of tailwinds, mitigate headwinds and deliver success and results for shareholders."
It said winter weather "slowed the start of the construction season in certain regions like Poland and Belgium". Activity has since recovered, however.
Looking ahead, it said: "The German stimulus is expected to support industrial activity and construction demand across our central region, with improvement currently expected from H2 onwards. Measures including tariffs are expected to improve conditions in the European steel industry, again with the recovery felt more strongly from H2.
"Increased European defence spending is expected to provide additional support across steel, construction and related end-markets."
Its construction materials offering, meanwhile, is expected to be boosted by growth in "data centre, AI and green economy investments".
SigmaRoc said it is keeping an eye on events in the Middle East, and added that it has "a number of strategies in place" to mitigate any energy price volatility.
Shares in the company fell 2.3% to 120.00 pence each in London on Monday morning.
By Eric Cunha, Alliance News news editor
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