SIG plc Reports Flat Revenue but Higher Operating Profit for 2025

SIG plc’s revenue for its 2025 financial year remained largely flat compared to the previous year at £2,591 million, slightly down on the previous year (£2,611 million).

In SIG’s 2025 Annual Report, underlying operating profit was up £7m or 28% reaching £32m, while overall, a bigger loss before tax was reported than last year’s -£44.8, which increased to £-61.7m in 2025.

Difficult Markets

Chief Financial Officer Ian Ashton said like-for-like group sales growth was flat at 0% across its European and UK aggregate.

While the group “continued progress in difficult markets, taking share and delivering marginal year-on-year increases in volume”, Ian Ashton explained gains in volume were offset by sales pricing pressures leading to around -1% deflation. The UK market continued to further weaken in Q4, he added.

UK Roofing Division

The SIG UK roofing division with 114 branches, continued to lead revenue in the group, with total sales of £453 million for the year, up 2% like-for-like on 2024. The division achieved an operating profit margin of 3.1% on operating profit of £14.3m.

Pim Vervaat, SIG plc CEO said UK Roofing was a “market leader in core roofing, gaining share in 2025 in difficult market conditions”. He added that the performance of Building Solutions’ £70m sales had “improved profitability”. He also applauded SIG Roofing’s 2025 ‘National Merchant of the Year’ award.

Operational cost savings of £39m were achieved during 2025, with £18m of savings coming from restructuring in the UK. Actions included back-office modifications, the closure of the Mayplas fire safety business and the absorption of SIG’s UK Specialist Markets division into the UK Roofing and Interiors divisions. £21m of savings were made through 3% headcount reductions (230 staff), fleet improvements, property profits and volume-linked savings.

Procurement benefits are expected to offset anticipated operating expense inflation of c£15m in 2026 with at least 1% of annualised benefit stemming from SIG’s £2.3bn annual spend on goods and services from 2027.

Outlook

Future growth in the UK is expected to come from the expansion of solar roofing and the potential increase in house building to meet government targets. SIG UK also has a growing presence in specialist fire safety products.

Cost inflation is forecast to be approximately 2-3% for the coming financial year (although this figure was anticipated before the Iran war).

“Continued market softness” is expected in H1, with improvement expected for the rest of the year. The business is “well positioned to benefit from market recovery” and in the meantime is “progressing the optimisation of the business portfolio”.

Continuing gains in carbon emission reductions and waste diverted from landfill were made in 2025.

>> Read more about SIG plc in the news