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BREEDON 29 July 2026 BREEDON GROUP PLC - Interim results 2026 Positive momentum in Ireland and the United States offsets market challenges in Great Britain ; further strategic progress ; outlook in line with market expectations Financial performance benefits from geographic diversification : Revenue growth on both a reported and like - for - like basis ; Underlying EBITDA broadly flat with a strong start to the year in the US ( + 14 % LFL ) offsetting further declines in GB residential markets . Strategic progress with £ 110m of capital deployed into bolt - on acquisitions in the US and Ireland : Falling Springs demonstrates ability to source strategically compelling assets at attractive valuations in the US , while Booth provides a source of aggregates for a key growth market in Dublin . Guidance maintained ; expect 2026 performance in line with market expectations with positive momentum in Ireland and the US . In GB , although infrastructure provides some support , market indicators suggest demand will decline for a fifth consecutive year . ' Back British Cement ' campaign launched advocating for a level playing field for the domestic cement industry , including effective carbon border measures , to support UK construction , economic growth and national resilience . Covenant Leverage reduced to 2.1x compared with H1 2025 following acquisitions in the period and at peak of in - year working capital cycle . Strong cash generation supports further deleveraging in second half . Dividend increased by 5 % reflecting confidence in resilient cash generation and long - term prospects . Underlying highlights H1 2025 % change 815.9 + 5 % Flat Statutory highlights £ m except where stated Revenue H1 2026 H1 2025 H1 2026 % LFL² 857.9 815.9 857.9 + 3 % EBITDA³ 111.8 110.0 115.5 115.0 + 1 % EBITDA³ margin 13.0 % 13.5 % 13.5 % 14.1 % ( 0.6 ) ppt ( 0.3 ) ppt Profit Before Tax 26.7 34.9 41.3 48.9 ( 16 ) % Basic EPS4 7.4p 8.0p 9.4p 11.2p ( 16 ) % Dividend per share 5.00p 4.75p + 5 % Net Debt5 690.5 648.1 + 7 % Covenant Leverage6 2.1x 2.2x ( 0.1 ) x ROIC7 7.0 % 7.8 % ( 0.8 ) ppt Rob Wood , CEO , said : " Thanks to the hard work and dedication of our 4,900 colleagues , we have delivered a really solid financial performance in the first half and I am pleased with the progress we have made on our strategic objectives . " We have continued to deliver self - help through our operational excellence programmes , and the bolt - on acquisitions , which we have completed in the US and Ireland , demonstrate the ability of our teams to source and execute strategically compelling , earnings - accretive transactions at attractive valuations . " We are building an increasingly diversified business in the structurally attractive Irish and US markets , where we see supportive conditions for both volumes and pricing , while still retaining significant upside in GB once volumes recover . " Across the balance of the year , we expect continued positive momentum in Ireland and the US , with organic growth supported by contributions from the acquisitions completed to date . In GB , although infrastructure activity provides some near - term support and structural demand drivers underpin a more positive medium- term outlook , volumes are expected to decline for a fifth consecutive year during 2026 . " With a strong team , significant mineral reserves and well - invested production capacity , we are well positioned to deliver long - term growth and returns across all three of our platforms . "