BRCK Group (BRCK) Trading Update summary

Trading performance

• FY25 revenue expected at approximately £637 million, up 7% year-on-year and 1% higher on a like-for-like basis.

• Adjusted EBITDA for FY25 anticipated at around £50.0 million, 11% above the prior year and ahead of consensus.

• Strong trading momentum in the second half, with the Contracting Division delivering key projects ahead of schedule.

Financial position

• Leverage as of 31 March 2025 expected to be 1.14x, reduced from both the previous year and half-year.

• The business maintains a robust balance sheet and capital-light model, supporting future growth.

Strategic outlook

• Diversified revenues and strong profitability position the group for material growth as markets recover.

• Management sees potential for further growth if UK interest rates decline, aiding housing and RMI markets.

• The board remains cautious of global capital market volatility and its impact on UK housebuilding.