Churchill China PLC, a UK-based manufacturer of performance ceramic products for the hospitality sector, reported its final results for the year ended 31 December 2025. Despite a 2.6% decline in revenue to £76.3 million, the company demonstrated resilience with a profit before tax of £6.0 million. Key highlights include stable performance across European, North American, and UK markets, robust cash generation of £0.7 million, and a £2.0 million reduction in inventory. The company continued to invest in factory efficiency, automation, and productivity while maintaining a strong balance sheet. Dividends were reduced to 14.0p per share for the final dividend, reflecting challenging market conditions. Management remains confident in the long-term outlook, focusing on growth in Continental Europe and operational improvements.
| Financial Metric | 2025 (£'000) | 2024 (£'000) | Year-on-Year Change (£'000) | Year-on-Year Change (%) |
|---|---|---|---|---|
| Revenue | 76,277 | 78,279 | (2,002) | -2.6% |
| Profit before tax | 6,027 | 8,536 | (2,509) | -29.4% |
| Cash and cash equivalents | 10,808 | 10,100 | 708 | 7.0% |
| EBITDA | 9,433 | 11,661 | (2,228) | -19.1% |
| EPS (pence) | 39.7 | 57.9 | (18.2) | -31.4% |
| Interim dividend (pence) | 7.0 | 11.5 | (4.5) | -39.1% |
| Final dividend (pence) | 14.0 | 26.5 | (12.5) | -47.2% |
| Total Debt (Lease liabilities + Deferred tax liabilities) | 8,296 | 6,342 | 1,954 | 30.8% |