Key Points – First-half performance weakened: Revenue fell 15% to £164.2 million and adjusted EBITDA dropped to £25.7 million, pressured by subdued housing and repair markets, lower volumes, and cost inflation. – Clay gained market share while concrete struggled: Ibstock’s…
mparable clay volumes declined less than the broader U.K. market, but concrete revenue and EBITDA fell sharply amid residential-market weakness and factory upgrades. – Second-half improvement expected, but cautiously: Management expects second-half adjusted EBITDA to exceed the first-half result and leverage to move toward 2x by year-end, while full-year performance is likely to land near the lower end of market expectations. Ibstock (LON:IBST) reported lower first-half revenue and earnings as weak housing and repair, maintenance and improvement markets weighed on demand, while the building products group said it expects second-half adjusted EBITDA to exceed the first-half result
Group revenue for the six months ended June 30 fell 15% to £164.2 million from £193.4 million a year earlier. On a like-for-like basis, excluding the sale of the Forticrete roofing site in late 2025, revenue declined about 10%. Adjusted EBITDA decreased to £25.7 million from £35.5 million, reflecting lower volumes, reduced fixed-cost absorption from deliberate production and inventory actions, and continued cost inflation.
Adjusted earnings per share fell to £0.007 from £0.03. The board proposed an interim dividend of £0.005 per share. Clay Division Gains Market Share The company said its clay business delivered a resilient performance despite subdued demand.