Breedon Group plc has published its audited results for the year ended 31 December 2025, which show "a better, stronger business, primed for growth".
Decisive execution and strategic delivery drive a further year of revenue and EBITDA growth
In its latest accounts, Breedon reports an increase in revenue of 9%, from £1.57 billion in 2024 to £1,7 billion, while profits before tax were up 16% to £125 million (EBITDA up 3%). This is thanks to the acquisition of Lionmark and full year BMC contribution, while in fact like-for-like revenue decreased 3%, bue to lower GB volumes and Ireland project deferrals.
The company ascribes those results to a simplified management structure that enabled teams to "respond rapidly to market developments, access internal efficiencies and provide improved levels of customer service". In Great Britain, the business had to adapt to a fourth consecutive year of declining market volumes. It generated significant savings through "operational excellence initiatives" to maintain underlying EBITDA margin. Meanwhile Ireland delivered further strategic progress. Underlying EBITDA margin remained structurally higher than in the recent past, solar farm and cement bagging plant projects were successfully commissioned, and progress made towards expanding the business' position in the Dublin market.
The company says that, during the year, it replenished its mineral reserves, enhanced its efficiency, and delivered savings including with procurement and distribution savings and disposal of surplus carbon credits. It secured planning extensions for 29 million tonnes and progressed a pipeline of 129 million tonnes of mineral at various stages of the planning and approval process. On the personel side, it improved safety, and reinvigorated its apprenticeship programme.
Breedon has sscalated its parliamentary engagement campaign in advance of the implementation of the Carbon Border Adjustment Mechanism in Europe in 2026 and the UK in 2027, encouraging government and its customers to “Back British Cement”
CEO Rob Wood has written to the relevant ministers and key officials in the Departments of Business and Trade, and Energy Security and Net Zero, respectively, including cabinet ministers Ed Miliband and Peter Kyle. With over 300 sites around the country, around a quarter of British MPs have a Breedon operation in their constituencies.
The campaign highlights risks to the industry, including uneven carbon regulation, high energy prices, rising labour costs and the increasing flow of imports. Breedon is advocating for significant government intervention in 2026. Its policy demands include:
Looking ahead the account estimates that UK construction market indicators continue to be subdued. Although there are signs that markets are stabilising, the backdrop remains dynamic. In Ireland, it sees the outlook as encouraging. The NDP has allocated the necessary funding for essential infrastructure investment over the coming decade. Breedon continues to see sustained higher levels of enquiries across the business, particularly in infrastructure.
Rob Wood, Chief Executive Officer, commented: “In 2025 team Breedon rose to the challenge and delivered another year of revenue and EBITDA growth, along with a record cash performance, thanks to strong strategic execution combined with operating and financial discipline. Their determination and optimism are exemplary and I thank them wholeheartedly for their enduring commitment to making Breedon a better, stronger business.
“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. We expanded and diversified in the US, improved our GB and Ireland businesses, progressed our sustainability strategy, took care of our people and maintained our strong and flexible balance sheet. This was the result of focusing on everything within our control, from quarry to customer. We simplified our management structure, unlocked operational efficiencies, completed transformational transactions and invested wisely.
“We are the largest cement manufacturer in GB and proud of what we do to support British jobs, supply chains and decarbonisation. In 2025 we escalated our parliamentary engagement campaign to “Back British Cement”, advocating for our foundation industry’s role in our national security and economic prosperity as we transition to the Carbon Border Adjustment Mechanism.
“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.”
