Full year trading in line with expectations.

Marshalls plc, the FTSE 250 leading manufacturer of sustainable solutions for the built environment, has issued a trading update for the year ended 31 December 2026.

Full year trading update:

  • 2025 adjusted profit before tax in-line with market expectations of between £42-£44m (consensus £43.6m)
  • Group revenue of £632 million for the year, representing year-on-year growth of two per cent and in-line with trends reported in the November Trading Update
  • Good strategic progress against the ‘Transform & Grow’ strategy with Landscaping Products improvement plan on track to deliver £11 million of annualised cost saving.

The outlook for 2026 continues to be uncertain and accordingly, the Board remains focused on operational improvements through its ‘Transform & Grow’ strategy.  While the Group is not anticipating a significant improvement in market activity levels during the next 12 months, the actions taken to reduce the cost base during 2025 give the Board confidence that the Group will deliver an improved financial performance in 2026.

?Simon Bourne, Chief Executive Officer, said: “Marshalls delivered a resilient performance, evidenced by a return to revenue growth despite the challenging market backdrop, and delivering profits in-line with the market’s expectations.

"We have made good progress with our ‘Transform & Grow’ strategy and with an increased focus on execution, I am confident that the Group is well positioned to benefit from a market recovery and structural growth drivers over the medium term.”