Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Ibstock Plc, a manufacturer of building products, has issued a trading update for the year ending 31 December 2025 ahead of full year results to be announced on Thursday 5 March 2026.
The Group reported revenue was up 2% in FY25, despite challenging market conditions. Total brick market volume for the year remained materially below the 2.5bn recorded in 2022, and the Group’s Clay market share in the 11 months to November was ahead of the comparative period.
Performance during Q4 benefitted from cost reduction action and stable pricing, with EBITDA for the full year anticipated to be in line with our previous guidance. Underlying trading cash flow for the year was also in line with previous guidance, with year-end net debt of around £120 million (December 2024: £122 million) also reflecting c.£30 million of proceeds from non-core disposals.
Chief executive Joe Hudson said: “2025 started well, with a solid increase in volumes, before market uncertainty led to progressively tougher conditions through H2. Against this backdrop, our performance underscores our resilience and strategic agility. Whilst market dynamics remain uncertain, Ibstock is in robust financial health, with decisive action taken to manage costs and near-term capacity. With continuing market leadership, recent major investments substantially complete, and a strengthened balance sheet following non-core disposals in Q4, the Group is well positioned to capitalise on the market recovery and generate increasing amounts of free cash flow. This will provide significant optionality in respect of future growth and capital returns.”
