SIGMAROC PLC - Interim Results

SigmaRoc PLC delivered a strong first half of 2026, with EBITDA increasing 11.3%, EPS rising 12.2% and EBITDA margins expanding by around 200 basis points to 25.1%, despite continued weakness in European residential construction. The group strengthened its balance sheet, reducing leverage to 1.66x, while return on invested capital approached 12%. Revenue increased from £510m to £523m, supported by pricing, operational efficiencies and resilient demand across industrial and environmental markets, while the synergy programme delivered a further €5m of EBITDA improvements in H1. Strategic progress included additional mineral reserves in Sweden, a new 2 million-tonne aggregates plant in Belgium and the €110m acquisition of Lithuania’s Dolomitas Group. The acquisition adds approximately €70m of annual revenue, €18m of EBITDA, 3.5 million tonnes of annual production and a 25.7% EBITDA margin, while providing exposure to growing demand for dolomitic limestone and dolime, particularly from electric arc furnace-based green steel production. With H2 trading starting ahead of the prior year, further synergies available and a strong M&A pipeline, management remains confident SigmaRoc is on track for another solid full-year performance, supported by European reindustrialisation, infrastructure investment and continued operational improvement.