BRCK Group plc (BRCK), a leading distributor and provider of specialist products and services to the UK construction industry, has published a half-year trading update for the six months ended 30 September 2026, reporting H1 FY27 revenue of £343.1 million and adjusted EBITDA of approximately £25.5 million. The Board has revised its full-year FY27 adjusted EBITDA guidance down to approximately £45.0 million, against a prior market consensus of £50.3 million, citing a slower-than-expected recovery in housebuilding and repair, maintenance and improvement markets. Interim results are scheduled for release on 24 November 2026.

Key Points

  • BRCK Group plc (BRCK) operates two divisions — Distribution and Design & Install — serving the UK construction industry
  • H1 FY27 revenue fell 1.1% year-on-year to £343.1 million, with adjusted EBITDA declining to approximately £25.5 million from £27.2 million
  • Full-year FY27 adjusted EBITDA guidance reduced to approximately £45.0 million versus prior market consensus of £50.3 million
  • Investors will be watching the 24 November 2026 interim results announcement and any further detail on the Government's 'Your First Home' scheme

H1 FY27 Revenue and EBITDA Decline as UK Housebuilding Remains Subdued

BRCK Group reported H1 FY27 revenue of £343.1 million, a decrease of 1.1 per cent on the prior period figure of £347.0 million. Adjusted EBITDA for the half fell to approximately £25.5 million from £27.2 million in H1 FY26. The company attributed the decline primarily to continued weakness in housebuilding and RMI markets, which have a particularly pronounced effect on its Distribution division. Despite the softer headline numbers, the Board stated that results were in line with its expectations, pointing to the resilience of the Group's diversified business model and the technical expertise embedded across its portfolio of market-leading brands.

Design & Install Division and Jacksons Acquisition Provide Positive Offset

A notable bright spot in the period was the Group's Design & Install division, which the announcement describes as delivering another strong contribution during H1 FY27. Additionally, H.S. Jackson & Son — known as Jacksons — which BRCK acquired in July 2026, made a positive initial contribution to Group results. The acquisition also drove an increase in net debt, which rose to an expected £96.4 million on a pre-IFRS basis at 30 September 2026, compared with £66.8 million at 30 September 2025, reflecting both the Jacksons purchase and associated freehold property costs incurred during the period.

Full-Year Adjusted EBITDA Guidance Lowered to £45.0 Million Amid Interest Rate Concerns

The Board now expects Group adjusted EBITDA for the full year FY27 to be approximately £45.0 million, materially below the previous market consensus of £50.3 million. The revision reflects the Board's assessment that a recovery in market conditions will take longer than previously anticipated. The announcement cites widely reported inflationary pressures, the ongoing conflict in the Middle East, and heightened expectations of UK interest rate rises as compounding factors. Given that the Distribution division is described as highly sensitive to UK interest rates, any upward rate movement represents a specific near-term risk for the Group's largest operating segment.

BRCK Accelerates Operational Efficiency Measures Ahead of 24 November Results

In response to the prolonged slowdown in new house starts, the Board stated it will place an accelerated focus on process, administrative, and IT improvements already under way across the Group. Chief Executive Officer Frank Hanna noted that BRCK's diversified model and strong financial position leave it ready to benefit when market conditions improve. The Government's proposed 'Your First Home' scheme has been welcomed as a positive development, though the announcement cautions that full implementation details remain unconfirmed, making it too early to quantify any potential benefit. Formal interim results will be presented by Frank Hanna and CFO Mike Gant on 24 November 2026.