Forterra鈥檚 total revenue of 拢386.0m in 2025 was 12.1% up on 2024鈥檚 拢344.3m. The increase was primarily driven by increased sales volume, the company said.
Brick volume growth outperformed the wider market, although demand for both aircrete and aggregate blocks was muted with despatches falling slightly year-on-year in line with the wider market. Demand for Bison precast concrete flooring products was also strong.
Adjusted profit before tax was 拢36.0m representing an increase of 62.9% on the prior year (2024: 拢22.1m), with the increase driven by an improved trading performance alongside lower financing costs, which were the result of a reduction in both the cost and level of borrowings.
On a statutory basis, EBITDA was 拢48.9m (2024: 54.7m), and profit before tax was 拢23.3m (2024: 拢24.8m). These results are stated after the inclusion of adjusting and exceptional items, including 拢6.7m restructuring costs associated with the closures of the Formpave and Bison Bespoke Precast divisions.
Chief executive Neil Ash said: "We made good strategic and financial progress during 2025. Despite only a modest improvement in market conditions, the resilience of our business model alongside our exposure toward new build housing and the weighting of our asset base in favour of extruded brick allowed us to outperform the wider market and deliver a strong financial performance.
"During the year, we continued to successfully execute our strategy. At our Desford brick factory, both kilns ran simultaneously for the first time increasing production output and efficiency, and the redevelopment of our Wilnecote factory is nearing completion with commissioning of a specification focused product range underway. We also launched our Omnia extruded brick slip range at Accrington.鈥�
He said that 2025 had ended with subdued market conditions and these have continued into early 2026, 鈥渨ith exceptionally wet weather making it difficult to assess the strength of our underlying markets,鈥� he said.
UK domestic brick despatches in January 2026 were 8% below January 2025. Forterra expects demand in 2026 to be similar to 2025 although with current activity tracking behind 2025 levels, demand is likely to be weighted towards the second half.
Ash concluded: "Looking beyond 2026, market fundamentals remain attractive with a shortage of housing, a strong desire within government to address this, and a constrained supply of essential building products. The board remains confident that our recent investments in new production capacity leave the group well placed to benefit from the market's structural growth drivers and a sustained recovery when it occurs."
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