Group revenue increased to £232.1 million for the six months ended June 30
LONDON: Lords Group Trading plc (AIM:LORD), a leading UK distributor of building materials, reported an 8.4% increase in group revenue to £232.1 million for the six months ended June 30, 2025, up from £214.2 million in the same period last year.
The company’s Merchanting division led growth with a 12.6% rise in revenue to £117.7 million, while Plumbing and Heating (P&H) posted a modest 2.4% increase to £112.2 million. Group like-for-like revenue rose 7.0%.
Adjusted EBITDA stood at £12.1 million, broadly in line with the prior year’s £12.6 million, excluding the one-off benefit from the Clean Heat Market Mechanism (CHMM) in H1 2024. Net debt was reduced by £15.4 million to £20.9 million, reflecting improved liquidity following a £13.1 million sale and leaseback of four trading sites in April.
In June, Lords acquired Construction Materials Online (CMO), the UK’s largest online-only retailer of construction products, for £1.8 million in cash. The group also opened three new Merchanting branches during the period.
Despite a competitive repair, maintenance and improvement (RMI) market and limited impact from recent UK interest rate cuts, CEO Shanker Patel said the group remains focused on operational excellence and strategic expansion.
“The acquisition of CMO, branch network growth, and strengthened balance sheet position us well for market recovery,” Patel said. “We continue to explore organic and acquisitive opportunities to expand market share.”
The interim dividend was maintained at 0.32 pence per share.