Genuit Group PLC

Latest Results (29.09.2026):

Genuit Group PLC — Q4 2025 / full year 2025 results (audited results for the year ended 31 December 2025): the Group delivered revenue growth and higher underlying profit despite margin headwinds and acquisitive activity in H2 2025. Full‑year revenue was £602.1m (+7.3% year‑on‑year; +3.2% like‑for‑like), underlying operating profit was £94.4m (+2.4%), underlying EPS rose to 26.0p (+5.7%) and the Board proposes a full‑year dividend of 12.9p (+3.2%).

Top‑line and underlying profit

Revenue: £602.1m (+7.3% y/y; +3.2% LFL). Underlying operating profit: £94.4m (+2.4%). Underlying operating margin fell to 15.7% (down 70bps) largely due to National Insurance and National Living Wage increases.

Statutory results and EPS

Statutory operating profit was £69.7m (2024: £59.2m). Reported profit before tax £58.2m (+25.7%). Basic reported EPS 18.2p (2024: 13.5p); underlying basic EPS 26.0p (2024: 24.6p).

Cash generation and balance sheet

Strong operating cash: underlying operating cash pre‑capex £126.4m, representing 102.0% cash conversion pre‑capex. Net debt increased to £208.1m (including lease liabilities) following H2 acquisitions; leverage 1.5x pro‑forma EBITDA. Group retains headroom on facilities and comfortable covenant cover.

Dividends

Proposed total dividend per share 12.9p (2024: 12.5p), final dividend 8.7p payable 3 June 2026, supporting the Group’s progressive dividend policy.

Acquisitions and capital allocation

Completed two bolt‑on acquisitions in H2 2025: Monodraught (enterprise value £55.6m) and Davidson Holdings (£49.0m), funded from existing facilities. Both expected to be margin accretive in 2026 and to deliver synergies via Genuit’s routes to market.

Segment performance (high level)

CMS: revenue £178.9m (+10.7%; +5.9% LFL), underlying profit £24.4m, margin 13.6% (down 130bps). WMS: revenue £169.5m (+5.3%; +0.5% LFL), underlying profit £9.6m, margin 5.7% (down 280bps but sequential H2 recovery). SBS: revenue £246.8m (+6.5%; +3.3% LFL), underlying profit £59.9m, margin 24.3% (up 80bps).

Non‑underlying items and one‑offs

Non‑underlying costs before tax £24.7m (2024: £33.0m) including amortisation, restructuring (£5.1m) and acquisition costs; Polydeck held‑for‑sale triggered small impairments. Non‑underlying items reduced versus prior year.

Operational improvement and sustainability

Genuit Business System (GBS) continued rollout (75+ kaizen events), supporting productivity, working capital and margin recovery (H2 margin improvement). Scopes 1 & 2 carbon intensity improved to 0.105 tCO2e/tonne and recycled polymer content was 50.6% of polymer inputs.

Outlook and risks

Management flags subdued market conditions continuing into Q1 2026 (wet weather and political uncertainty), but expects to outperform via focus on higher‑growth, sustainability‑driven segments, ongoing GBS gains and disciplined M&A. Geopolitical and macro risks noted as uncertain.