James Halstead PLC

Latest Results (19.04.2026):

James Halstead PLC — reporting for the year ended 30 June 2025 (Q4 FY2025): the Group delivered a solid FY25 performance with revenue of £262.0m, profit before tax of £55.1m and profit after tax of £40.6m. While revenue and EPS eased versus FY24, margins held up and the Board proposed an increased final dividend, reflecting continued cash strength and cautious optimism for FY26.

Financial headlines

Revenue £262.0m (2024: £274.9m, -4.7%); profit before tax £55.1m (2024: £56.2m, -1.9%); profit after tax £40.6m (2024: £41.5m); basic EPS 9.70p (2024: 10.00p).

Margins & profitability

Gross margin improved to 44.5% (2024: 44.1%), supported by manufacturing efficiencies and favourable product mix; operating profit was £52.8m.

Cash, balance sheet & working capital

Cash of £68.4m (2024: £74.3m). Inventories down slightly to £80.4m. Net assets £182.0m (approx). Cash conversion cited at 1.23 by management.

Dividend

Final dividend proposed 6.05p (2024: 6.00p), total dividend 8.80p (2024: 8.50p) — a 3.5% increase and the 49th consecutive year of rise; final payable 12 December 2025 subject to shareholder approval.

Capital expenditure & investment

Capex £3.9m (2024: £3.3m) focused on output efficiency, product upgrades (including ESD/EC ranges) and plant improvements at Radcliffe and Teesside.

Regional performance

UK and North America showed strength (UK revenue ~£111.7m; Canada +7.4% in local currency). Headwinds in Central Europe, Australia and New Zealand drove weaker APAC and European sales; Malaysia delivered strong local-currency growth (~+38%).

Outlook

Board expects further progress in FY26 but flags short‑term headwinds in Europe (pressure on repair/renewal budgets and employment costs). Company will maintain tight cost control and conservative credit management while pursuing growth opportunities, particularly in North America and Malaysia.

Sustainability & notable projects

Published 20th sustainability report; continued recycling and environmental initiatives. Key project wins include Colchester Hospital (award-winning install), Stad Toulousain, Real Madrid World (Dubai), and other institutional projects supporting forward pipeline.