JAMES HALSTEAD PLC
(“James Halstead”, the “Group” or the “Company”)
PRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS
FOR THE YEAR ENDED 30 JUNE 2025
James Halstead plc, the AIM listed manufacturer and international distributor of commercial flooring, announces its results for the year ended 30 June 2025:
Financial highlights
- Revenue at £262.0 million (2024: £274.9 million)
- Profit before tax of £55.1 million (2024: £56.2 million)
- Profit after tax of £40.6 million (2024: £41.5 million)
- Earnings per ordinary share of 9.7p (2024: 10.0p)
- Final dividend per ordinary share proposed of 6.05p (2024: 6.0p) bringing total dividend for the year to 8.80p (2024: 8.50p)
- Cash of £68.4 million (2024: £74.3 million)
Operational highlights
- Gross margin improvement to 44.5% (2024: 44.1%)
- Continued investment in our operations with £3.9 million of capital deployed in the year to improve output efficiency and product offering
- Key projects during the year include:
- The newly built Colchester Hospital, where our flooring was winner of an award by the Contract Flooring Journal for the installation. At this project the contractors returned 2.5 tonnes of offcuts back to our factory for recycling, cutting nearly 3 tonnes of CO₂ emissions
- “Le Stade Toulousdain” rugby union stadium in France
- Ongoing installations in Deichmann shoe stores throughout central Europe
- Real Madrid World, the first football theme park at Dubai parks and resort
- In Poland, the new office buildings of military air base in Lask, part of the new “East Shield” programme
- In Italy the new Sacco Hospital being built in Milan
Outlook
- Continued growth in North America and forward momentum in Malaysia
- Short term ongoing headwinds in Europe affecting repair, renewal and roll-out budgets that have been constrained by additional employment costs in education, healthcare and hospitality sectors
- FY25 was a year of solid performance – the Board expects to make further progress in FY26
- Board’s confidence has enabled a further uplift in dividend, the 49th consecutive year of increase
Mr Mark Halstead, Executive Chairman, commenting on the results, said:
“Despite headwinds in the commercial flooring sector it was a solid performance with a cash conversion rate of 1.23. Looking ahead, we have continuing product and process improvements and I, and the Board, remain confident that the future offers many opportunities and on-going profitable growth”.