Billington Holdings PLC, a UK-based structural steel and construction safety solutions specialist, reported its financial results for the year ended December 31, 2025. Despite challenging market conditions, the company demonstrated resilience with a revenue of £95.7 million, a decrease from £113.1 million in 2024, primarily due to a shift towards more complex projects with reduced steel content. Underlying profit before tax was £4.1 million, impacted by £2.8 million in non-underlying costs related to the closure of the Yate facility. Profit before tax was £1.3 million, and the company maintained a strong cash balance of £20.5 million, remaining debt-free. The company recommended a dividend of 11.0 pence per share, reflecting its commitment to shareholders while maintaining a robust balance sheet. Operationally, Billington focused on efficiency, consolidating its structural steel operations in Barnsley, and secured a healthy order book for 2026 and 2027, positioning itself for improved performance in the coming year.
| Financial Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Revenue (£m) | 113.1 | 95.7 | -15.4% |
| EBITDA (£m) | 12.4 | 6.1 | -50.8% |
| Underlying Profit Before Tax (£m) | 10.8 | 4.1 | -62.0% |
| Profit Before Tax (£m) | 10.8 | 1.3 | -87.9% |
| Profit for the Year (£m) | 8.3 | 1.3 | -84.3% |
| Cash and Cash Equivalents (£m) | 21.7 | 20.5 | -5.5% |
| Underlying Basic Earnings per Share (pence) | 66.2 | 27.1 | -59.1% |
| Basic Earnings per Share (pence) | 66.2 | 10.4 | -84.3% |
| Dividend per Share (pence) | 25.0 | 11.0 | -56.0% |
| Return on Capital Employed (ROCE) | 36.9% | 11.9% | -67.8% |
| Debt Status | Debt Free | Debt Free | No Change |