Alumasc (LSE:ALU) reported a 6% decline in revenue to £107.1 million for the year ended 30 June 2026, as lower commercial construction demand and project delays affected trading.
Underlying profit before tax declined to £10.0 million, while the group’s margin was 10.5%.
Performance varied across Alumasc’s three divisions. Housebuilding Products revenue increased 16%, while Building Envelope maintained revenue at the prior year’s record level.
Water Management revenue declined, reflecting the absence of a major airport contract that contributed to the previous year’s results.
Alumasc Maintains Dividend and Renews Bank Facilities
Alumasc maintained its dividend at the prior year’s record level and reported low leverage during the period.
The group also renewed its banking facilities on what it described as improved terms. Alumasc said the financing provides capacity for investment in production, international expansion and measures intended to increase supply-chain resilience.
Early FY27 Revenue Rises 5%
Trading during the early part of FY27 showed a 5% year-on-year increase in revenue, while Alumasc’s order book was 56% higher than at the comparable point a year earlier.
The company attributed the order-book increase partly to new airport projects. Cost savings from restructuring within Water Management are also expected to contribute to margins.
The board expects margins to improve, although management remains cautious about near-term levels of UK construction activity.
Alumasc Reports Leadership Changes
The group also underwent management changes during the year. Paul Hooper retired as chief executive in March after a long tenure with the company.
His successor, Pamela Bingham, left Alumasc in August. Vijay Thakrar is serving as interim executive chair, supported by the group’s executive directors.
Alumasc Group Operations
Alumasc supplies building products, systems and related solutions through its Water Management, Building Envelope and Housebuilding Products divisions.
The company’s products address areas including water management, energy efficiency and other building requirements. More than 80% of sales are linked to building regulations and specifications, according to the company.
Alumasc has also expanded the number of products carrying Environmental Product Declarations, with these products accounting for approximately one-third of group revenue.
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