Margins and output growth for Ibstock as brick deliveries improve

Revenue at brick maker Ibstock rose for the six months to June 30 2025 to £193m from £178m but pre-tax profits were down to £8m from £12m.

The half-year results report shows material growth in the key markets, especially the new-build residential market, with UK brick deliveries in the period up by 13% year-on-year

Growth was driven by significant volume growth in Clay,  revenue up by 12% to £134m (2024: £119m), with Concrete revenue also marginally ahead of the prior year at £60m (2024: £59m)

The competitive market backdrop meant that price increases were held back, and  statutory profit before tax was £8m for the period (2024: £12m)

 Joe Hudson, Chief Executive Officer, said: “The new-build residential market showed encouraging signs of recovery in the first half of the year, but activity is still well below normalised levels. As we plan for a period of further market growth, we have invested in restoring core capacity to meet demand. Whilst this has impacted margins in the first half, it will ensure we are able to benefit fully from the recovery as the market progresses.

“With both our core and diversified platforms now substantially in place to meet growing demand, I am confident in our ability to deliver on our medium-term revenue goals alongside improvements in profitability and returns driven by margin focus and significant operational leverage through the recovery cycle.”