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SigmaRoc profit jumps in first half; cautiously optimistic in outlook

ALN

SigmaRoc PLC on Monday said it expects to benefit from normalisation of cyclical markets over the longer term, as it enters the second financial half of 2025 with ‘cautious optimism’.

The London-based limestone and minerals company said pretax profit jumped to £39.5 million in the six months to June 30 from £14.4 million a year ago.

Revenue climbed to £510.3 million from £450.1 million.

Underlying earnings before interest, tax, depreciation and amortisation rose to £117.8 million from £116.0 million.

Looking ahead, the company expects the second half to be similar to the first in terms of underlying market conditions, which it does not expect to improve before the end of 2026.

The company anticipates for 2025 to be in line with consensus, for which it cites a revenue of £1.07 billion, up 7.5% from £997.7 million in 2024, and underlying Ebitda of £251 million, up 12% from £224.6 million.

Chief Executive Officer Max Vermorken said: ‘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 is well positioned to capitalise 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.’

SigmaRoc shares rose 4.3% to 121.04 pence each on Monday morning in London.

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