Grafton Group PLC (LSE:GFTU) on Tuesday reported full-year 2025 revenue of £2.52 billion, representing a 10.4% increase year on year and broadly matching analyst expectations of £2.517 billion. Shares edged 0.5% lower following the update.
Average daily like-for-like revenue rose 1.7% over the full year, although momentum eased towards the end of the period, with growth flattening during the final two months of 2025 as trading conditions softened in the second half. Adjusted operating profit is expected to be broadly in line with market consensus of around £181.9 million, despite ongoing macroeconomic pressure in several end markets.
Trading performance diverged across the group’s regions. The Island of Ireland and Iberia delivered the strongest outcomes, with full-year like-for-like revenue growth of 3.5% and 6.1% respectively. In contrast, Great Britain recorded modest growth of just 0.4%, while Northern Europe saw a 0.5% decline, with both regions experiencing weaker conditions towards the end of the year.
“Despite continuing headwinds in some of our markets, the Group delivered a solid performance in Q4 and an outcome in line with expectations for the full year,” said Eric Born, Chief Executive Officer of Grafton Group plc. “It reflects the strong market positions, resilience and agility of our operations across our geographies.”
Looking ahead, the group struck a cautious tone on 2026, noting that “meaningful recovery in Great Britain and Northern Europe did not materialise in 2025, and the timing of any improvement in these two segments in the year ahead remains uncertain.” Management said it will continue to prioritise efficiency initiatives and cost discipline.
Grafton also outlined organisational updates, including the appointment of Mario Ballarín as chief executive for Iberia from January 2026 to support growth in the region, alongside a simplified reporting structure organised around four geographic operating segments aligned with the group’s strategic priorities.
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