13th Mar 2026 09:40
(Alliance News) - Stelrad Group PLC on Friday said it is confident in making progress despite noting continued economic uncertainties in core regions, as it posted a higher adjusted profit and recommended a higher dividend.
The Newcastle upon Tyne, England-based producer of radiators said pretax profit fell 57% to GBP10.1 million in 2025 from GBP23.4 million in 2024.
Operating profit declined 44% to GBP17.5 million from GBP31.4 million. Adjusted operating profit rose 3.2% to GBP32.5 million from GBP31.5 million.
Adjusted earnings per share were broadly unchanged at 13.08 pence from 13.05p, and earnings before interest, tax, depreciation and amortisation rose 1.4% to GBP44.1 million from GBP43.5 million.
Stelrad noted a cost of GBP14.9 million regarding exceptional items in 2025, compared to no such cost in 2024. This relates to a non-cash impairment charge on the assets of Radiators Spa and cost optimisation-led restructuring activities in Stelrad's Turkish and Danish facilities.
Revenue fell 3.8% to GBP279.6 million from GBP290.6 million.
Administrative expenses fell 5.1% to GBP16.3 million in 2025, from GBP17.2 million in 2024.
The company highlighted "continued economic uncertainties in core territories UK & Ireland and Europe".
Stelrad recommended a final dividend of 5.05 pence per share, up 5.0% from 4.81p a year ago. This would bring the total dividend for 2025 to 8.09p, up 3.9% from 7.79p.
Chief Executive Officer Trevor Harvey said: "2025 demonstrated once again our ability to deliver adjusted operating profit growth through the market cycle while continuously improving our operations and positioning as we optimise our business for further progress. There remains a level of uncertainty around the timing of a wider market recovery, however, we remain confident in the opportunities that a market recovery offers for a stronger, simplified and more operationally efficient Stelrad."
He added: "The board remains confident in delivering further progress during 2026. Our operational excellence initiatives, underpinned by our competitive advantages and market positioning, mean that Stelrad remains well-placed to outperform its peers in the near term and benefit from any medium-term market recovery."
Chair Bob Ellis said: "While there remains a level of uncertainty around the timing of a market recovery, the work of our highly experienced management team over the last three years in executing our strategy has positioned Stelrad incredibly well to deliver continued progress through the cycle, underpinned by our competitive advantages."
Stelrad shares fell 1.9% to 131.00 pence each on Friday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Stelrad Grp