Marshalls Reports Higher Profit on Cost Cuts, Rules Out 2026 Market Recovery
Marshalls increased its interim dividend 13.6% to 2.5 pence a share after adjusted profit rose 13.2% on cost control and infrastructure demand.
- On Monday, Marshalls reported group revenue of £317.8 million and adjusted pre-tax profit of £24.9 million for the six months ending June 30, 2026, driven by Chief Executive Officer Simon Bourne's focus on 'sharper execution' and cost discipline.
- Marshalls pivoted toward infrastructure and water management to counter cyclical housing market weakness, though Bourne noted it remains 'very early days' for this diversification, with much still in the product design phase.
- The company raised its interim dividend to 2.5 pence per share, up from 2.2p a year earlier, while pre-tax margins improved from 3.7 per cent to 6.2 per cent and net debt fell to £175.3 million.
- Rising energy prices tied to Middle East conflict prompted Marshalls to apply oil-related surcharges; Bourne said the firm will remove them once costs decline, emphasizing 'we've been very transparent with customers' throughout.
- Management expects no market recovery in 2026, with Bourne stating the plan is based on 'controlling what we can control' rather than relying on external market tailwinds for the rest of the year.
16 Articles
16 Articles
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Building products manufacturer Marshalls posted vastly improved half-year results for the six months to June 30th, with pre-tax profits jumping 70% to £19.7m, on revenue that was more-or-less unchanged, at £317.8m (£319.5 for the same period a year ago). The group stated that improved service and customer engagement in is core Landscaping division supported market …
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