Michelmersh Brick

At the Michelmersh Brick Holdings general meeting, all 14 resolutions were voted on individually and approved with approval rates above 96%. The annual accounts and reports for the year ended 31 December 2025 received 99.98% approval, and the final dividend of 3.00 pence per ordinary share received 99.99%. Re-elections to the board, the appointment of auditor S&W Partners Audit Limited, and the authorities to issue shares and to buy back own shares were also confirmed with approval levels around 97–99.96%; shares issued: 95,903,579, of which 4,000,000 are treasury shares. » Plus sur de.investing.com

Michelmersh Brick reported Q4 2025 EPS of 3.4 pence (forecast 5.1 pence) and revenue of £33.13m (forecast £34.34m), after which the share price fell 4.11% to 70 pence. Adjusted operating profit and EBITDA margin declined year on year; cash‑flow conversion remained above 90% of adjusted EBITDA. Operational restructuring and market headwinds weighed on results; management stresses investments in modernization, sustainability and a focused earnings recovery. For 2025/2026 the company forecasts slightly higher revenues and EPS but remains cautious given ongoing challenges. » Plus sur de.investing.com

Michelmersh reports a 2025 revenue decline to £68.9m and an adjusted operating profit of £8.4m (−16.8%), with EPS and revenue missing expectations and the share price falling to 70p. The company saw production increases alongside an inventory build and says the UK brick market has contracted by about 20% since 2022. Despite pressure on profits, operating cash flow remained strong (£10.9m); Michelmersh maintained shareholder returns (share buybacks £2.0m, total dividend 4.60p). The balance sheet appears solid (net debt £0.7m, NAV per share 102.6p). Management expects a gradual recovery but acknowledges continued short-term headwinds. » Plus sur de.investing.com