Strategic actions gaining traction

While headline profitability was in line with the prior year, there was plenty of evidence in the FY25 results which demonstrated that strategic actions are working, notably in the UK. With operationally well-invested businesses, leading market positions and a strong balance sheet, Norcros has clear scope for both organic and acquisitive growth from this platform. Group EBIT was in line with consensus and the prior year at £43.2m. For ongoing operations, revenue increased by 0.9% LFL CER with EBIT up £0.5m. UK operations performed relatively well throughout FY25 but delivered a particularly strong H2 profit performance. This follows actions taken to further strengthen brand positions through new product and service infrastructure develop...