Norcros PLC reports strong year-end trading with revenue growth of approximately 10% to £393 million, driven by the Fibo acquisition and market share gains. Like-for-like constant currency revenue grew by 0.5%, with Europe up 0.7% and South Africa up 0.3%. Underlying operating profit is expected to rise to at least £47.5 million, in line with market expectations. The company maintains a strong financial position with net debt of £67 million and leverage at 1.2x underlying EBITDA. CFO James Eyre will step down within the next year, with a successor search underway. Full-year results will be announced on June 11, 2026.
| Metric | 2025 | 2026 | Change |
|---|---|---|---|
| Group Revenue (£ million) | 355.8 | ~393 | ~10% |
| LFL CC Group Revenue Growth | N/A | ~0.5% | N/A |
| Underlying Continuing Operating Profit (£ million) | 44.5 | ≥47.5 | ~6.7% |
| Underlying Continuing Profit Before Tax (£ million) | 37.8 | ≥40.4 | ~6.9% |
| Net Debt (£ million) - Pre-IFRS 16 | 36.8 | ~67 | ~82% |
| Leverage (x underlying EBITDA) | N/A | ~1.2x | N/A |