Headlam Group (HEAD) Trading Update summary

Trading performance

• Revenue declined by 5% year-on-year for the four months ended 31 October 2025, falling short of previous expectations.

• Market conditions and execution challenges contributed to the underperformance.

• Full year performance is now expected to be below prior guidance.

Actions underway

• A comprehensive restructuring, cost reduction, and operational improvement programme has been initiated and is being accelerated.

• Further details on these measures will be provided on 11 November 2025.

• The programme aims to restore profitability and strengthen market position, even if subdued conditions persist.

• Focus remains on strengthening the financial position, including potential property disposals.

• Confidence expressed in the ability to return to sustainable profitability and growth.