Grafton Group (GFTU) Trading update summary

Trading performance and financial highlights

• Full year adjusted operating profit expected to meet consensus forecasts of approximately £181.9 million, reflecting portfolio resilience amid challenging macroeconomic conditions.

• Group revenue rose 10.4% to £2.52 billion, with 9.6% growth in constant currency, aided by acquisitions in Spain and Ireland.

• Average daily like-for-like revenue grew 1.7% for the year but was flat in the final two months, indicating a slowdown in activity.

• Margin management and cost discipline remain operational priorities.

Segment performance

• Island of Ireland saw 3.5% like-for-like revenue growth for the year, with strong retail momentum offset by softer trade sales.

• Great Britain posted 0.4% annual growth but declined 0.2% in the final two months due to weak RMI market and negative consumer sentiment.

• Northern Europe declined 0.5% for the year, with Finland underperforming due to mild weather and economic weakness.

• Iberia delivered 6.1% pro forma like-for-like revenue growth, with robust end-of-year sales and new leadership appointed to drive further expansion.

Strategic and operational updates

• Reporting structure streamlined into four geographic segments: Island of Ireland, Great Britain, Northern Europe, and Iberia, aligning with strategic focus.

• Mario Ballarín appointed as Iberia CEO in January 2026, bringing significant experience in business growth and integration.

• Comparative figures for 2024 and 2025 will be restated to reflect the new segment structure.