**Summary**
Lords Group Trading PLC, a UK-based building materials distributor, reported its final results for the year ended 31 December 2025. The company achieved record revenue of £472.8 million, an 8.3% increase from the previous year, despite a challenging market. Adjusted EBITDA was £21.0 million, with a margin of 4.4%. Net debt was significantly reduced by 59% to £13.4 million, strengthening the balance sheet. Strategic highlights included the acquisition of CMO, a market-leading e-commerce platform, and the opening of three new branches, enhancing digital capabilities and national reach. The company also secured a new £65 million banking facility to support growth and acquisitions. Despite market uncertainties, Lords Group is well-positioned for future growth, with a diversified and scalable business model. The Board recommended a final dividend of 0.20 pence per share, maintaining its dividend policy aligned with adjusted earnings per share.
| Financial Metric | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue | £472.8m | £436.7m | +8.3% |
| Adjusted EBITDA | £21.0m | £22.4m | (6.2)% |
| Adjusted EBITDA margin | 4.4% | 5.1% | (70) bps |
| Adjusted operating profit | £9.2m | £10.4m | (11.5)% |
| Adjusted profit before tax | £2.8m | £3.8m | (26.3)% |
| Adjusted diluted basic earnings per share | 1.14p | 1.84p | (38.0)% |
| Total dividend per share | 0.52p | 0.84p | (38.0)% |
| Operating profit | £1.1m | £4.3m | (74.4)% |
| Loss before tax | £(5.2)m | £(2.6)m | £2.6m increase |
| Basic loss per share | (2.68)p | (1.19)p | 1.49p increase |
| Net debt | £13.4m | £32.4m | £19.0m reduction |