Breedon Group (BREE) Trading Update summary

Trading performance and revenue

• Reported revenue rose 9% year-on-year in Q1 2025, aided by BMC and Lionmark acquisitions.

• Like-for-like revenue saw a slight increase, with stable pricing and modest volume improvement.

• Poor weather, especially in the USA, impacted activity, but backlogs remain healthy.

Regional and operational highlights

• Great Britain saw elevated enquiry levels and slightly higher volumes across key products.

• Ireland experienced a busy tendering season but faced delays in key infrastructure projects, with volumes modestly down.

• US operations were affected by extended freezing temperatures, but pricing for the construction season is encouraging.

• Lionmark acquisition completed and integration is on track, enhancing US infrastructure exposure.

Cement and sustainability initiatives

• Cement division completed two scheduled kiln shutdowns on time and within budget.

• Progress made in using alternative fuels and developing lower clinker content products.

• Major projects at Hope and Kinnegad are nearing completion, with commissioning expected in Q2.