James Latham plc (LSE:LTHM) posted a 5.5% rise in revenue to £196.8 million for the six months ending 30 September 2025, supported by a 6.8% increase in sales volumes, most notably within its LDT timber pack division. While top-line performance improved, operating profit edged down to £11.1 million, reflecting a reduction in finance income and largely unchanged input costs. The company increased its interim dividend and continues to advance construction of its new National Distribution Centre, a project expected to strengthen operational efficiency once completed. Although wider economic caution continues to weigh on the merchant sector, James Latham is maintaining investment in infrastructure and management capabilities to support longer-term expansion.
The company’s outlook is shaped by the resilience of its balance sheet and a valuation seen as broadly reasonable. Even so, weaker technical signals alongside ongoing pressure on profitability and cash generation temper sentiment. With no earnings call commentary or recent corporate events to draw on, these factors play no role in the broader assessment.
More about James Latham
James Latham plc is a long-established distributor of timber and panel products, serving a broad customer base across the UK. Its LDT timber pack business remains a key contributor to growth, reinforcing the company’s position within the sector.
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