Alumasc reports fall in annual revenue and profit

Group results

Alumasc recorded revenue of £107.1m for the year ended 30 June 2026, a decline of 6% on the previous financial year, according to Roofing Today. The building products and systems supplier attributed the reduction to weak commercial demand and projects being delayed.

Underlying profit before tax was £10.0m, compared with £14.2m in FY25. The group’s underlying operating margin also fell, from 13.7% to 10.5%.

The Water Management division’s revenue dropped by 16%. Its underlying profit fell to £3.3m from £8.0m, weighing on the group’s annual performance.

Divisional performance

Building Envelope reported underlying profit of £4.9m, against £5.3m a year earlier. Its comparison year, FY25, had delivered an 11% increase in revenue over FY24, establishing the sales level maintained in the latest results.

Alumasc said the division had spent money on improving product certifications and its technical service. That investment, together with cost increases, put pressure on operating margins while commercial projects continued to face delays.

Housebuilding Products took a different course, with revenue increasing by 16%. Underlying operating profit rose from £4.2m to £4.7m. Alumasc described the UK housebuilding market during the period as its weakest in almost 20 years.

Vijay Thakrar said management and the executive directors were focusing on opportunities to improve Water Management. He described that division’s performance as “disappointing”.

Leadership changes

The results followed changes at the head of the company during 2026. Paul Hooper stepped down as chief executive in March after 25 years, and Pamela Bingham took over in April.

Roofing Today reported that Bingham’s employment was terminated on 28 August, following a suspension relating to personal conduct. Alumasc said its group executive directors were providing continuity of leadership, with support from the wider management team and Thakrar.

Early trading in FY27

Revenue in the first two months of FY27 was 5% higher than in the same period a year earlier. Alumasc also reported that its August 2026 order book was 56% above the previous year’s level.

Thakrar said the company did not expect a meaningful increase in UK construction activity in the near term. He nevertheless said the early trading figures gave the board confidence in its strategy, which centres on sustainable products and internal business improvements.