**SummaryForterra plc Trading Update (11 November 2025)**
Forterra plc, a leading UK manufacturer of clay and concrete building products, released a trading update for the ten-month period ending 31 October 2025. Key highlights include
1. **Financial Performance**
Year-to-date (YTD) revenue reached £336 million, a 16% increase from £290 million in the prior year.
Revenue growth in the last four months slowed to 10% year-on-year, compared to 20.4% in H1, due to tougher comparatives and moderating demand.
2. **Market Trends**
New build housing demand remains robust, while the Repair, Maintenance, and Improvement (RMI) market stays depressed.
Domestic brick despatches were 10% ahead of 2024 for the nine months to September 2025, with Forterra’s market share recovering.
3. **Operational Updates**
Production capacity is actively managed to align with demand variations.
Desford facility has increased extruded brick output with both kilns operational.
Wilnecote factory construction is nearing completion, with commissioning underway and first bricks expected by year-end.
Accrington facility’s brick slips range is set for imminent launch.
4. **Financial Position**
Year-end net debt (before leases) is expected to be below H1 levels, with leverage slightly <mark style="background-color:yellow">above</mark> one times adjusted EBITDA.
5. **Outlook**
H2 despatches and revenues are projected to match H1 levels.
H2 adjusted EBITDA is expected to modestly exceed H1 figures.
Despite economic uncertainty, medium-term market fundamentals remain positive, driven by housing shortages and government initiatives.
Forterra remains confident in its strategic investments and ability to capitalize on market recovery.