Breedon raises dividend but profit declines in "challenging" year

(Alliance News) - Breedon Group PLC on Wednesday reported higher revenue but lower profit last year, although its chief executive said it "achieved a great deal" nonetheless.

The Derby, England-based construction materials company's revenue was GBP1.71 billion in 2025, up 9% from GBP1.58 billion but down 3% on a like-for-like basis.

Earnings before interest, tax, depreciation and amortisation rose 4% to GBP269.2 million from GBP258.3 million. Underlying Ebitda increased 3% on a reported basis, although LFL, it declined 4%, to GBP278.8 million from GBP269.9 million. This was in line with Breedon's guidance in late November, when it forecast between GBP275 million and GBP280 million.

Pretax profit fell 16% to GBP105.3 million from GBP125.4 million, while basic earnings per share fell 14% to 24.2 pence from 28.1p. Free cash flow rose 17% to GBP133.2 million, which Breedon said was a post-Covid record, from GBP114.1 million.

Breedon declared a total dividend of 15.00p per share for the year, up 3.4% from 14.50p for 2024. This includes a final dividend of 10.25p, up from 9.5p the previous year.

"In 2025 team Breedon rose to the challenge and delivered another year of revenue and Ebitda growth," Chief Executive Officer Rob Wood said, "along with a record cash performance, thanks to strong strategic execution combined with operating and financial discipline...We achieved a great deal in 2025 despite challenging markets, political uncertainty and weak business and consumer confidence, the missing ingredients for construction project activity."

Looking ahead, Wood commented: "We approach the coming year with confidence in our proven capability, the resilience of team Breedon, and the agility of the model we operate.

"We will continue to adapt to the uncertain fiscal, economic and geopolitical factors as they develop, leveraging our operational excellence, well-invested assets, and first-class team, confident that Breedon is primed and ready for when our end-markets resume growth."

Breedon shares rose 3.9% to 334.20p each in London late on Wednesday morning.

By Emma Curzon, Alliance News reporter

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