Water Division Drags Revenue and Profit Down at Alumasc Group

Alumasc Group has reported reduced turnover and profits in its trading results for year ending 30 June 2026.

Although the final results showed growth and resilience in its housebuilding and building envelope divisions respectively, overall performance was impacted by a decline in revenue in the Water Management division of 16%.

Nevertheless, Alumasc reports a positive start to FY27 with revenues up 5% year-on-year and latest order book up 56% on the prior year.

The building products, systems and solutions company reports group revenue 6% lower than financial year 2025 at £107.1m, blaming commercial market demand remaining subdued and project delays.

Overall, group underlying profit before tax was £10.0m (FY25: £14.2m) and the underlying operating margin was 10.5% (FY25: 13.7%).

Alumasc Divisional Performance

Housebuilding Products was the standout performer, growing revenue by 16% in the weakest UK housebuilding market in almost 20 years and underlying operating profit growth from £4.2m to £4.7m.

In the Building Envelope division, revenue held at the record level set in FY25 (which had grown by 11% over FY24), despite ongoing commercial project delays. However, there was a slight softening in operating margins due to cost increases and some investments to enhance the division’s product certifications and technical service, leading to underlying profits reducing from £5.3m to £4.9m.

Vijay Thakrar, Alumasc Grp Interim Chief Executive

Water Management’s revenue declined by 16% and underlying profit reduced from £8.0m to £3.3m, described as “disappointing” by Interim Executive Chair, Vijay Thakrar. He added, “there are also significant business improvement opportunities in this division, which the management team and Executive Directors are focused on.”

Alumasc Leadership

This year has been a tulmultuous time in Alumasc’s leadership. After 25 years, Paul Hooper stepped down as Chief Executive in March 2026, replaced by Pamela Bingham in April. After she was suspended for ‘personal conduct’ her employment was terminated on 28 August.

The company says its Group Executive Directors now provide leadership continuity, supported by the wider management team and Vijay Thakrar.

Commenting on today’s results, Vijay Thakrar said: “We do not anticipate any meaningful near-term increase in UK construction activity levels. Despite this, we have made a positive start to FY27, with revenues for the first two months of FY27 5% higher year-on-year, and the August 2026 order book up 56% on the prior year. This gives the Board real confidence that our strategy, built on sustainable products and disciplined self-help, will continue to drive value for shareholders.”

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