LONDON: Ibstock Plc, a leading UK manufacturer of building products, on Wednesday announced interim results for the six months ended June 30, 2025, highlighting strong volume growth driven by a recovering market, particularly in new-build residential construction.
The company reported a revenue increase of 8.6% to £193 million, up from £178 million in the first half of 2024. However, profit before taxation fell 34.5% to £8 million, and adjusted EBITDA declined 5.8% to £36 million. The company attributed the dip in profitability to increased costs associated with activating its manufacturing network to meet rising demand.
“The new-build residential market showed encouraging signs of recovery in the first half of the year,” said Joe Hudson, CEO of Ibstock Plc. “Whilst this has impacted margins in the first half, it will ensure we are able to benefit fully from the recovery as the market progresses.”
Ibstock’s Clay division saw a 12% revenue increase, with UK brick deliveries, including imports, up 13% year-on-year. The company noted that a competitive market and a shift toward the new-build residential sector led to a modest pricing progression and a negative mix impact.
Looking ahead, the company anticipates further volume growth in the second half of the year. It reaffirmed its full-year adjusted EBITDA forecast in the range of £77 million to £82 million, citing a focus on operational efficiency and cost management.
Ibstock also highlighted its diversified growth strategy, with its Ibstock Futures division, which includes facades and calcined clay, expected to increase its financial contribution. The company is progressing with its new Atlas factory, which produces the UK’s first externally-verified carbon-neutral bricks, and is nearing completion on a new ceramic facades systems factory at its Nostell site.
The company maintained its interim dividend at 1.5p per share.