Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • BRCK FY25 revenue rose 7.2% YoY to GBP 637.1 million, supported by diversification across segments.
  • BRCK gross profit margin increased to 19.1% as high-margin units contributed full-year earnings.
  • BRCK cash generation rose to GBP 41.5 million, with net debt largely stable at GBP 56.6 million.

Brickability Group PLC (AIM:BRCK), a UK-based distributor of specialist construction products and services, has announced its audited financial results for the year ended 31 March 2025. The company operates across the UK construction supply chain, offering building materials, cladding systems, and installation services through multiple operating segments.

For the financial year (FY25), group revenue increased by 7.2% YoY to GBP 637.1 million, compared to GBP 594.1 million in FY24. This growth was primarily driven by acquisitions and the continued execution of Brickability’s diversification strategy. On a like-for-like basis, which excludes the impact of recent acquisitions, revenue grew modestly by 0.7%.

Gross profit climbed 15.0% to GBP 121.7 million, up from GBP 105.8 million in the prior year. This increase was underpinned by improved product mix and margin contribution from newly acquired fire safety and cladding remediation businesses, Topek and TSL, which delivered their first full-year results under the group. Gross margin expanded to 19.1%, up from 17.8% last year.

Adjusted EBITDA for the period was GBP 50.1 million, an 11.6% increase from GBP 44.9 million in FY24. Adjusted profit before tax rose 7.1% to GBP 37.8 million, while adjusted earnings per share (EPS) declined slightly by 0.8% to 8.59 pence. The minor decline in EPS reflects the dilutive impact of recent acquisitions and changes in share count.

Operationally, the company generated GBP 41.5 million in cash, up from GBP 35.4 million the previous year. Net debt at the end of March 2025 was GBP 56.6 million, broadly in line with the previous year (GBP 56.5 million). Brickability proposed a final dividend of 2.39 pence per share, bringing the full-year dividend to 3.51 pence, up 4.8% year-on-year.

The company is currently undergoing a programme aimed at improving its internal systems and IT infrastructure, which is expected to enhance operational efficiency and support cross-selling between business units. As of May 2025, Brickability completed the sale of a freehold property for GBP 2.2 million. The company has confirmed that trading in the current financial year remains in line with internal expectations.

In terms of strategic outlook, Brickability continues to evaluate potential acquisitions that could complement its portfolio. The management stated that the company is well-situated to benefit from improvements in its end markets due to its operational scale and exposure to diversified sectors of the construction supply chain.

While macroeconomic and geopolitical challenges remain, the company expects steady performance supported by existing order pipelines, recent operational improvements, and a disciplined approach to capital allocation. BRCK trading at 4.66% higher at GBX 63.84 per share as on 15 July 2025.