Pre-Close Trading Update and Notice of Results

Michelmersh Brick Holdings PLC

02 December 2025

 

 

2 December 2025

Michelmersh Brick Holdings Plc

("MBH", the "Company", or the "Group")

Pre-Close Trading Update and Notice of Results

Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer, today announces a pre-close trading update ahead of its final results for the year ending 31 December 2025.

Following the interim results announcement on 2 September 2025, whilst trading and profitability have been ahead of the first half, there has been a notable slowdown in the construction market and activity levels in the final quarter, as has been widely reported. These activity levels have been impacted by a challenging macro-economic outlook and the uncertainty of UK Budget policy announcements, which have adversely impacted both consumer sentiment and investment decision making across the sector.

Despite this challenging backdrop, we have continued to see positive order intake levels, which are underpinning the Group's well-balanced forward order book. This reflects robust customer demand for our diverse product offering, which has been supported by our collaborative approach to pricing, albeit with more uncertain timing of brick despatches. Our commitment to delivering our broad product range and high levels of customer service means that we are well positioned to continue to trade through the ongoing challenging market conditions.

During the year, we have continued to deliver against the Group's capital allocation priorities, which has focused on investing back into the business, paying sustainable dividends and returning excess cash to our shareholders through our share buyback programme. Under this programme we have returned £1.8 million in the period to date and expect to complete the £2 million allocation which we announced in April by the close of the year.

Following the substantial capital investment across our facilities in the first half, we are pleased to report that a more normal production operating rhythm has continued through the second half, which is expected to deliver improved profits in the second half of the financial year and as we look beyond into 2026. 

With the change in market conditions in the fourth quarter, the Board expects revenue for the year to be c.£69.0 million with adjusted EBITDA of approximately £12.5 million, and in line with our capital allocation strategy and also reflecting the impact of trading in the fourth quarter, a broadly cash neutral balance sheet as at 31 December 2025.

Notice of Results

The Group intends to report its results for the year ended 31 December 2025 on 24 March 2026.

Michelmersh Brick Holdings Plc Ryan Mahoney, Chief Executive Officer Rachel Warren, Chief Financial Officer	Tel: [phone]
Canaccord Genuity Limited (NOMAD and Broker) Max Hartley Bobbie Hilliam Harry Pardoe Alma Strategic Communications                                 Andrew Jaques                                                                                      Sam Modlin Kinvara Verdon Louisa El-Ahwal	Tel: [phone] Tel: [phone] [e-mail]

The information contained within this announcement is deemed to constitute inside information as stipulated under the UK Market Abuse Regulations. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

About Michelmersh Brick Holdings PLC:

Michelmersh Brick Holdings PLC is a business with seven market leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane, Michelmersh, Floren.be and Hathern Terra Cotta. These divisions operate within a fully integrated business, combining the production of premium, precision-made bricks, pavers, special shaped bricks, bespoke Terra Cotta products and prefabricated brick components. The Group also includes a landfill operator, New Acres Limited, and seeks to develop future landfill and development opportunities on ancillary land assets.

Established in 1997, the Company has grown through acquisition and organic growth into a profitable and asset rich business, producing over 120 million clay bricks and pavers per annum. Michelmersh currently owns most of the UK's premium manufacturing brick brands and is a leading specification brick and clay paving manufacturer.

Michelmersh strives to be a well invested, long term, sustainable, environmentally responsible business. Opportunity, training and security for all employees, whilst meeting the needs of stakeholders are at the forefront of everything we do. We aim to lead the way in producing some of Britain's premium clay products and enhancing our environment by adding value to the architectural landscape for generations to come.

We are Michelmersh Brick Holdings PLC: we are "Britain's Brick Specialist".

Please visit the Group's websites at: www.mbhplc.co.uk, www.bimbricks.com and www.sustainablebrick.com

 

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