The Ibstock plc interim dividend has been maintained in line with the prior year period at 1.5 pence per share (2024: 1.5 pence), reflecting the Board's continued confidence in the prospects for the business. The dividend will be paid on 15 September 2025 to shareholders on the register on 22 August 2025.
Other financial highlights include:
Material growth in Group's key markets, particularly within the new-build residential market, with UK brick deliveries including imports in the period up by 13% year-on-year
Group revenues increased by 9% to £193 million (2024: £178 million), driven by significant volume growth in Clay, where revenue increased by 12% to £134 million (2024: £119 million). Revenue in Concrete was also marginally ahead of the prior year at £60 million (2024: £59 million)
Pricing progression in the period was modest, reflecting a competitive market backdrop; Clay division experienced a negative mix impact, as a result of the relatively stronger growth in new-build residential markets
Adjusted EBITDA1 of £36 million (2024: £38 million) was down by 6%, with an adjusted EBITDA margin of 18.4%, down 280 bps (2024: 21.2%)
Performance reflected lower profitability in the Clay business due to cost inflation, and higher than expected incremental costs associated with restoring network capacity to meet growing market demand
In the Concrete division, the adjusted EBITDA margin was down by 280 basis points to 9.9% (2024: 12.7%), with a negative mix effect from lower rail infrastructure volumes
Ibstock Futures delivered an improved financial performance as all product categories achieved strong progress. Underlying revenues in Futures grew by over 50%, with the new automated cutting line in Nostell delivering a positive profit contribution
Statutory profit before tax was £8 million for the period (2024: £12 million)
Net debt of £145 million at the end of the period was in line with their expectations, with the increase in the period reflecting the planned seasonal investment in working capital. Group reported leverage1 stood at 2.2x at the end of the period (30 June 2024: 2.0x)
