Ibstock plc announce interim dividend reduced to 0.5 pence per share (2025: 1.5p), for payment on 14 September 2026 to shareholders on the register on 21 August 2026.
Other financial highlights include:
•Reported Revenue down 15% to £164m, 10%, on a like-for-like basis. Challenging Q1, with improvement in brick volume trends in Q2
•Clay bricks revenues down 8% to £118m, brick volumes down less than the market and a continued weighting to new-build residential and wire cut demand with weaker RMI and soft mud demand
•Total UK domestic brick market deliveries for the first five months of the year were down 8% year-on-year, our comparable brick volumes down 7%, with domestic clay market share increased in this period
•Concrete revenues of £44 million were down 11% on a like-for-like basis[3]
•Pricing in the period was marginally ahead of comparative period, with annual price increases implemented in February. Further temporary surcharge to mitigate additional energy and fuel related inflation implemented in June
•Adjusted EBITDA of £26m (2025: £36m), down 28% and EBITDA margin 270 bps lower reflecting headwinds from deliberate management of production and inventory levels coupled with cost inflation that was partially mitigated by cost savings from operational efficiencies
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Statutory loss before tax was £27m (2025: £8m profit before tax), with non-cash impairment charge of £25m taken on soft mud facilities as market conditions delay market recovery
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Net debt of £151m in line with expectations, reflecting normal seasonal increase in working capital. Leverage at the end of the period was 2.5 times (30 June 2025: 1.9 times)
