Billington Holdings Plc (LON:BILN), one of the UK’s leading structural steel and construction safety solutions specialists, has announced its unaudited interim results for the six months ended 30 June 2026.
| Unaudited six months to 30 June 2026 | Unaudited six months to 30 June 2025 | Percentage Movement | |
| Revenue | £53.95m | £41.78m | +29.1% |
| EBITDA* | £3.73m | £2.68m | +39.2% |
| Profit before tax | £2.84m | £1.67m | +70.1% |
| Cash and cash equivalents | £12.62m | £18.73m | -32.6% |
| Basic Earnings per share (EPS) | 16.3p | 9.8p | +66.3% |
* Earnings before interest, tax, depreciation and amortisation
Highlights
| • | Revenue increased by 29.1% to £53.95 million (H1 2025: £41.78 million), principally reflecting a return to higher average steel content across structural steelwork projects in the period |
| • | Profit before tax increased by 70.1% to £2.84 million (H1 2025: £1.67 million), reflecting the Group’s focus on larger, more complex projects, together with the operational efficiencies and increased capabilities |
| • | Strong operational performance, particularly in Structural Steelwork, in which revenue grew by 31.6% to £47.76 million and underlying operating profit increased to £2.84 million (H1 2025: £0.57 million) |
| • | Record order book, providing excellent visibility into 2027 and, for certain projects, into 2028, underpinned by significant contracts across a range of sectors, notably energy, data centres and infrastructure |
| • | Cash and cash equivalents of £12.62 million at 30 June 2026 (31 December 2025: £20.53 million), with the reduction reflecting increased working capital requirements and timing of contract delivery |
| • | Continued progress in optimising the Group’s operations and increasing capacity, including the successful consolidation of activities following the closure of the Yate facility and further investment at Wombwell and Shafton |
| • | Whilst the wider structural steelwork and construction markets remain challenging, with continued pricing pressure, Billington is well positioned in those sectors experiencing strong demand and has a significant pipeline of further opportunities |
| • | Mark Smith has informed the Board of his intention to retire and will step down as Chief Executive Officer on 1 January 2027, while remaining with the business in an advisory capacity for at least one year. Current Chief Operating Officer, Trevor Taylor, will succeed him, ensuring an orderly transition and continuity of leadership |
Mark Smith, Chief Executive Officer of Billington, commented:
“I am very pleased with Billington’s strong performance in the first half of 2026, which saw a significant increase in profitability. We have continued to secure significant new contracts across a range of sectors, together with a number of new clients, and now have a record order book providing excellent visibility into 2027 and, for certain projects, into 2028.
“Whilst the wider structural steelwork market remains challenging and pricing competitive, Billington is very well positioned in those sectors where demand remains strong. Our strong secured workload and pipeline of further opportunities provide us with the confidence to continue to invest in our capabilities and consider opportunities to further increase capacity and improve operational efficiencies. With a strong balance sheet and record order book, we remain confident in the Group’s prospects and expect results for the full year to be in line with market expectations.
“After more than 12 years with Billington, I have informed the Board of my decision to retire and step down as Chief Executive Officer. It has been a great privilege to see the business grow and evolve into one of the industry’s leading structural steelwork companies, and I would like to thank the Board, the Billington workforce and our many stakeholders for their support throughout my time as Chief Executive. I have had the pleasure of working closely with Trevor Taylor since joining Billington and, as I prepare to step down from the role, I do so knowing that he is well placed, and has the support of an excellent team, to continue to drive the future success of the business. I look forward to continuing to support Trevor and the Group in an advisory capacity.”
