Ibstock PLC
LSE:IBST
Ibstock PLC
Ibstock Plc engages in the manufacture and sale of clay bricks and concrete products. The company is headquartered in Ibstock, Leicestershire and currently employs 2,119 full-time employees. The company went IPO on 2015-10-22. The firm's segment includes Clay and Concrete. Its Clay division offers a range of bricks manufactured in the United Kingdom as well as prefabricated elements, precast solutions and brick-faced facade systems for both low-rise and high-rise developments. Its Concrete division manufactures precast concrete products for the residential housing and hard landscaping markets. The firm's products include walling products, such as facing bricks, special bricks, walling stone, special walling stone, architectural masonry, cast stone, facade systems, retaining walls, lintels, sills and arches; roofing products, such as roof tiles, chimneys, soffits and roofing accessories; garden and landscaping products, such as fencing, caps and copings, bollards, balustrades path edging, urban landscaping; rail and infrastructure products, such as troughing and cable theft protection.
Ibstock Plc engages in the manufacture and sale of clay bricks and concrete products. The company is headquartered in Ibstock, Leicestershire and currently employs 2,119 full-time employees. The company went IPO on 2015-10-22. The firm's segment includes Clay and Concrete. Its Clay division offers a range of bricks manufactured in the United Kingdom as well as prefabricated elements, precast solutions and brick-faced facade systems for both low-rise and high-rise developments. Its Concrete division manufactures precast concrete products for the residential housing and hard landscaping markets. The firm's products include walling products, such as facing bricks, special bricks, walling stone, special walling stone, architectural masonry, cast stone, facade systems, retaining walls, lintels, sills and arches; roofing products, such as roof tiles, chimneys, soffits and roofing accessories; garden and landscaping products, such as fencing, caps and copings, bollards, balustrades path edging, urban landscaping; rail and infrastructure products, such as troughing and cable theft protection.
Volume Growth: Ibstock saw significant volume growth in H1 2025, mainly from recovering new-build residential demand, outpacing the overall UK brick market.
Cost Pressures: Higher-than-expected incremental costs from reactivating factory capacity and a competitive pricing environment led to lower margins and EBITDA in the first half.
Margin Impact: Adjusted EBITDA fell 6% year-on-year to approximately GBP 36 million, and EBITDA margin dropped by 280 basis points due to cost and mix headwinds.
Full-Year Guidance: Management expects H2 EBITDA to be ahead of the prior year period and maintains full-year EBITDA guidance of GBP 77–82 million.
Strategic Progress: Diversified growth and capital deployment remain on track, with Ibstock Futures and major investments like Atlas and Nostell progressing well.
Outlook: The company anticipates continued sales volume growth in H2, improved profitability as operational efficiency ramps up, and free cash flow acceleration from 2026.
