Macfarlane Group has released the results for H1 2025. Group revenue increased by 13% to £146.6m (H1 2024: £129.6m), while adjusted operating profit reduced by 22% to £9.8m (H1 2024: £12.5m).
The company said they expect a performance improvement in H2 2025 through seasonal trading uplift and actions the management team is taking to manage input cost changes, mitigate operating cost increases, convert our strong pipeline of new business and deliver synergies from the Pitreavie acquisition. The full year outlook for 2025 is in line with market expectations.
Aleen Gulvanessian, Chair of Macfarlane Group PLC, commented, “As noted in the trading update on 10 July, market conditions have been challenging in H1 2025 due to economic headwinds and uncertainty.
“Whilst Distribution has experienced weaker than expected demand, delays in new business decision-making and pressure on profit margins, Manufacturing Operations has performed more robustly. Manufacturing Operations’ performance was driven by good contributions from the acquisitions of Polyformes Limited in July 2024 and The Pitreavie Group Limited in January 2025 combined with stronger demand from customers, particularly in the defence and aerospace sectors.”
He concluded, “The recently launched share buyback programme will continue as planned. Despite the current market conditions, the Board remains confident that our strengthened sales team, differentiated customer proposition and proven executional skills mean the medium-term prospects for the Group are positive.”
