Strong first half for SigmaRoc
Group says positive first-half performance underpins confidence in full-year expectations
SIGMAROC plc, the European lime and minerals group, have reported a strong first-half (H1) performance for the six months ended 30 June 2025.
Underlying revenue was up 13.4% to £510.3 million (H1 2024: £450.1 million), whilst EBITDA was up 21.2% to £117.8 million (£97.2 million) and EBITDA margin was up 150bps to 23.1% (21.6%). Underlying pre-tax profit was up 41.6% to 67.4 million (£47.6 million), while net debt was down 6.4% to £498.4 million (£532.6 million). Return on invested capital was up 100bps to 5.9% (4.9%).
Commenting on the first-half results, chief executive officer Max Vermorken said: ‘The Group has performed very strongly in a challenging market backdrop and demonstrates again how skilled the local teams are. The market certainly did us no favours in the first half, a trend which is likely to continue in the second half.’
Looking at specific regions, Mr Vermorken said SigmaRoc had seen strong performance in the UK and Ireland where the business really outperformed versus the general market. Similarly, the Nordics region performed well in general, and Poland had a strong start of the year, while the Belgian and German markets remained at historically low levels of demand.
‘Over the longer term we expect to benefit from normalization of cyclical markets, supported by structural demand drivers in construction and steel,’ continued Mr Vermorken. ‘The impact of the German infrastructure fund and a general increase in European defence spending will add to infrastructure demand from 2026 onwards. In addition, the reconstruction of Ukraine will require significant volumes of lime, aggregates and building materials, and SigmaRoc are well positioned to contribute when this occurs.
‘Following a robust first half, achieved despite challenging market conditions, we enter the second half with cautious optimism. With 2.7 billion tonnes of high-quality resource, essential to Europe’s construction, industrial and environmental markets, SigmaRoc are well positioned to capitalize on increasing volumes when they occur. We remain focused on our strategic priorities and are confident in the Group’s ability to capture the opportunities that lie ahead.’
