Brickability Group Share News (BRCK)

(Sharecast News) - Brickability Group said in an update on Thursday that full-year performance for the period ended 31 March was expected to exceed market expectations, supported by strong trading momentum in the second half.

The AIM-traded firm said group revenue was forecast to rise 7% year-on-year to £637m, with like-for-like revenue growth of around 1%.

It highlighted a particularly strong fourth quarter in its contracting division, where several cladding and fire remediation projects were completed ahead of schedule.

Adjusted EBITDA for the year was expected to reach around £50m, up 11% from £44.9m in the 2024 period and ahead of analyst forecasts.

Brickability also confirmed a continued improvement in its financial position, with leverage reduced to approximately 1.14x as of 31 March 2025.

"The well-diversified revenues and strong profitability delivered in the 2025 financial year see the Group move into 2026 with an increasingly healthy financial position, and a business that is built for material growth as our end markets recover," said chief executive officer Frank Hanna.

"In that regard, we believe that further reductions in UK interest rates would assist positive momentum in housing starts and the RMI market.

"At the same time, the Board remains vigilant of ongoing volatility in global capital markets and any potential impact on UK housebuilding."

At 1146 BST, shares in Brickability Group were up 6.14% at 64.32p.

Reporting by Josh White for Sharecast.com.