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Lords Group Trading PLC on Thursday left its interim dividend unchanged as it said adjusted earnings were trading in line with market expectations for the full-year. The London-based distributor of building materials reported a pretax profit of £578,000 for the six months that ended June 30, down 48% from £1.1 million a year earlier. Revenue, however, improved 8.3% to £232.1 million from £214.2 million, despite Lords Group noting a lack of a substantive improvement in the repairs, maintenance and improvement market. ‘The group has demonstrated strong revenue growth in the first half of 2025 as we continue to increase market share, despite a highly competitive RMI market in the South-East and the recent UK interest rate reductions not yet boosting consumer confidence,’ said Chief Executive Shanker Patel. The weaker earnings amid the stronger revenue can be attributed to higher costs, as operating expenses rose 6.3% to £34.3 million from £32.4 million. Depreciation and amortisation also edged higher, rising 7.5% to £5.9 million from £5.5 million. Lords Group Trading kept its interim dividend flat at 0.32 pence. Looking to the second half of the year, CEO Patel noted there has not yet been a sustained improvement in the RMI market. However, he said performance continues to trade in line with market expectations of between £24.7 million and £25.1 million for full-year adjusted earnings before interest, tax, depreciation and amortisation. In 2024, Lords Group Trading reported adjusted Ebitda of £22.4 million. Shares in the company were 1.4% lower at 35.00 pence on Thursday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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