The Alumasc Group plc Board have recommended to shareholders a final dividend of 7.6 pence per share (FY25: 7.6 pence), which will absorb an estimated £2.7m of shareholders’ funds. This has not been accrued in these accounts as it was proposed after the end of the financial year. Subject to shareholder approval at the Annual General Meeting on 27 October 2026, it will be paid on 4 November 2026 to members on the share register on 25 September 2026. The closing date for dividend reinvestment plan (DRIP) elections is 9 October 2026.
Other Financial Highlights:
- Group revenue was 6% lower at £107.1m (FY25: £113.4m), as commercial market demand remained subdued and project delays persisted across the UK construction sector
- Housebuilding Products was the standout performer, growing revenue by 16% in the weakest UK housebuilding market in almost 20 years, reflecting continued market share gains driven by product innovation, market leading product knowledge, technical support and strong customer service
- Building Envelope held revenue at the record level set in FY25 (which had grown by 11% over FY24), despite ongoing commercial project delays driven by economic and political uncertainty
- Water Management’s revenue – excluding deliveries to the CLK Airport project, which boosted FY25 – declined by 4%; including CLK, overall divisional revenue declined by 16%
- Group underlying profit before tax (UPBT) was £10.0m (FY25: £14.2m) and the underlying operating margin was 10.5% (FY25: 13.7%); lower profitability was predominantly driven by the performance in Water Management
- Statutory profit before tax was £9.7m (FY25: £12.3m)
- Conversion of underlying operating profit into cash at 103% (FY25: 106%); >100% despite incremental working capital investment to mitigate short term impacts of Middle East conflict
- Full year dividend maintained at the record FY25 level of 11.1p per share, reflecting the Board’s confidence in the Group’s balance sheet, strategy and prospects
- Defined benefit pension scheme surplus improved to £5.9m on an IAS 19 basis (June 2025: £4.8m)
- Strong balance sheet maintained throughout the year:
- Net bank debt of £6.9m (FY25: £5.8m)
- Conservative leverage ratio of 0.5x (FY25: 0.35x)
- Allowed continued investment in capacity, overseas growth and supply chain resilience
- Bank facilities renewed on 1 September 2026, providing flexibility and capacity for continued organic and inorganic investment; borrowing margin reduced by 20bps
