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Highlights

  • BREE’s FY24 revenue rose by 6.0% YoY, while EBITDA also increased by 6.0% YoY.
  • The company plans FY25 capital expenditure of GBP 125–135 million, focusing on machinery and downstream capacity.
  • BREE expects GB market volumes to have stabilised, with housebuilding recovery driving moderate growth in 2025.

Breedon Group PLC (LSE: BREE) is a UK-based FTSE 250 construction materials company producing aggregates, cement, asphalt, ready-mixed concrete, and specialist products, while also providing surfacing solutions to the construction industry.

In the financial year 2024 (FY24), the company’s revenue rose by 6.0% YoY to GBP 1,576.3 million due to the group’s entry into the US through the BMC acquisition, which contributed GBP 132.5 million. EBITDA surged by 6.0% YoY to GBP 245.8 million, supported by cost control and contributions from higher-margin businesses in the US and Ireland. However, profit before tax declined by 6.7% YoY to GBP 125.4 million, compared to GBP 134.4 million in FY23.

Recent Business Update

The company is set to release its H1 FY25 results for the period ending 30 June 2025 on 23 July 2025.

Company Outlook

The US outlook for BREE is supported by population growth, housing demand, and federal infrastructure funding, while Ireland benefits from a budget surplus and inward migration, driving continued investment in housing and infrastructure.

Management expects GB market volumes to have stabilised, with moderate growth in 2025 driven by housebuilding recovery, and plans to maintain FY25 capital expenditure between GBP 125–135 million, focused on machinery and downstream capacity to support future recovery.

Top 10 Shareholders

The top 10 shareholders collectively account for approximately 55.11% of the total shareholding, with Abicad Holding Ltd. and BlackRock Investment Management (UK) Ltd. holding the largest stakes at around 18.92% and 6.76%, respectively.

Stock Information

The stock has declined by approximately 15.69% over the past month and 13.97% over the past 6 months. Moreover, it is trading above the average of 52-week low of GBX 370 and  the 52-week high of GBX 501, with a closing price of GBX 377.2 as of 7 July 2025.

 Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 07 July 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.