Marshalls Reports 35% Solar Sales Growth in Roofing Products Division

MARSHALLS saw slight growth this year of 2% to group revenue of £548 million, boosted by 35% growth in solar sales.

In a trading update for the 10 months ended 31 October 2025, the building product manufacturer, reports results for its three divisions:

The Landscaping Products division saw revenue reductions of -3% year-on-year to April 2025 level out, with revenue flat since the half year reflecting an improving performance.

Building Products delivered revenue growth of 5% in the period driven by good performances in Water Management and Mortars.

Meanwhile in the Roofing Products division, overall revenue growth of 5% in the period was driven by c.35% growth in Viridian Solar, masking the -3% in roofing sales in the 4 months to October 2025.

Expectations Unchanged

The update reports that Marshalls has made “good strategic progress in the period”, with the Landscaping Products performance improvement plan on track to deliver £11 million of annualised cost savings.

It adds that the balance sheet continues to be robust, with pre-IFRS net debt of £155m, and so the Board’s previous expectations for the full year 2025 remain unchanged. Company guidance is for adjusted profit before tax for 2025 to be in the range of £42-£46 million.

Matt Pullen, Chief Executive, commented: “Marshalls has delivered a resilient performance, with Group revenues up 2% year-on-year despite current market conditions, and our full year profit expectations remain unchanged.

“We continue to make good progress with our ‘Transform & Grow’ strategy and, looking ahead, Marshalls is well positioned to benefit from a market recovery and the structural growth drivers that underpin our businesses over the medium-term.”

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