**Summary**
Marshalls PLC, a leading UK manufacturer of sustainable solutions for the built environment, released its full-year trading update for 2025 on January 19, 2026. The company reported
1. **Financial Performance**
Adjusted profit before tax in line with market expectations (£43.6 million).
Group revenue of £632 million, a 2% year-on-year growth, consistent with the November trading update.
Robust balance sheet with pre-IFRS16 net debt of £138 million and £125 million headroom on its syndicated bank facility.
2. **Divisional Performance**
**Landscaping Products**Revenue declined by 1% to £266 million due to price investments and mix impacts, despite 4% volume growth.
**Building Products**Revenue increased by 4% to £172 million, driven by strong growth in Water Management, partially offset by softening in Bricks.
**Roofing Products**Revenue grew by 4% to £194 million, led by a 32% increase in Viridian Solar, partially offset by a decline in Marley.
3. **Strategic Progress**
The Transform & Grow strategy is on track, with the Landscaping Products improvement plan expected to deliver £11 million in annualized cost savings, £3 million of which was realized in 2025.
Network optimization and self-help actions, including exiting UK quarried natural stone processing, were completed as planned.
4. **Outlook**
Despite subdued end markets and pre-Budget uncertainty, the company expects to deliver an improved financial performance in 2026, supported by cost-saving measures.
The appointment of Simon Bourne as Chief Executive Officer was announced.
5. **Notice of Results**
Full-year results for 2025 will be announced on March 16, 2026.
Marshalls remains focused on operational improvements and is well-positioned to benefit from market recovery and structural growth drivers over the medium term.