The Lords Group Trading Plc Board is recommending an unchanged interim dividend of 0.32 pence per ordinary share (H1 2024: 0.32 pence per ordinary share), which will be paid on 10 October 2025 to shareholders on the register at the close of business on 18 September 2025. The Company's ordinary shares will therefore be marked ex-dividend on 19 September 2025.
Other financial highlights include:
Group revenue up 8.4% to £232.1m (H1 2024: £214.2m) and like-for-like revenue up 7.0%
o Merchanting division continues to grow with revenue up 12.6% to £117.7m (H1 2024: £104.6m) and divisional Adjusted EBITDA up 8.6% to £8.2m
o Plumbing and Heating ('P&H') grew revenue by 2.4% to £112.2m (H1 2024: £109.6m) and delivered divisional Adjusted EBITDA of £3.9m (H1 2024: £4.2m, before the benefit of £0.8m from CHMM which subsequently reversed in H2 2024)
Acquisition of the UK's largest online-only retailer of construction products, Construction Materials Online ('CMO'), in June 2025 for a cash consideration of £1.8m
Completed sale and leaseback of four trading sites in April 2025 for gross proceeds of £13.1m to provide additional liquidity to leverage growth opportunities as the market recovers
Strategic progress continues with three new Merchanting branches opened in 2025 to date
Group Adjusted EBITDA in line with pre-CHMM
H1 2024 at £12.1m (H1 2024: £12.6m)
Net debt reduced by £15.4m to £20.9m (30 June 2024: £36.3m) since June 2024
