BRCK Group (BRCK) H1 2026 earnings summary

Executive summary

• Revenue grew 4.9% year-over-year to £347.0m, with three out of four divisions showing growth.

• Adjusted EBITDA before share-based payments rose 0.7% to £28.1m, with an 8.1% margin.

• Statutory profit before tax surged 74.3% to £12.2m, driven by lower other items.

• Interim dividend maintained at 1.12p per share, with a focus on debt reduction.

• The group will rebrand as BRCK Group PLC in January 2026 to reflect its diversified activities.

Financial highlights

• Gross profit increased 2.2% to £64.4m, but gross margin declined by 40bps to 18.6%.

• Adjusted profit before tax before share-based payments was £21.8m, down 0.5% year-over-year.

• Adjusted EPS before share-based payments was 4.99p, down 0.8% year-over-year; statutory EPS nearly doubled to 2.62p.

• Net debt increased to £66.8m, reflecting deferred and contingent acquisition payments.

• Bank facilities: £90.5m RCF, with £69.0m drawn at period end.

Outlook and guidance

• Board remains confident in meeting full-year market expectations: revenue of £650m and adjusted EBITDA of £52.25m before share-based payments.

• Medium-term housing market fundamentals remain strong, with a significant structural housing deficit.

• Contracting division's order pipeline exceeds £150m.

• Continued evaluation of acquisition opportunities.