Investor Centre

2025 Strategic highlights

• Group revenue returned to growth and a clear plan to reinforce delivery of the ‘Transform & Grow’ strategy 
• Landscaping Products improvement plan delivered higher volumes and market share gains with strengthened customer relationships. Decisive actions taken to right-size capacity, reduce portfolio complexity, and tighten commercial practices. On track to deliver £11million of annualised cost savings by the end of 2026
• Building Products delivered revenue growth through good performances in Water Management and Mortars; good progress in positioning Water Management to capture infrastructure-led demand growth, with benefits expected to build as activity develops through 2026
• Roofing Products revenue growth of 4% driven by c.32% growth in Viridian Solar as regulation-led adoption in new build continued to mature; continued focus on margin protection and service levels across the segment
• Robust balance sheet with year end pre-IFRS 16 net debt of £138 million and leverage of 1.8 times adjusted EBITDA
• Strong adjusted operating cash flow conversion of 88%, reflecting disciplined working capital management
• Successful refinanced the £270 million facility in November 2025 with no change in commercial terms, strengthening the medium-term funding platform and providing flexibility to continue executing the strategy at pace