SIG plc, the Sheffield-based international building materials supplier, said its statutory loss before tax widened to £33.1 million in the six months to June 30, 2025, as revenue slipped 1% to £1.304 billion.

SIG on July 8 announced the appointment of Dutch national Pim Vervaat as the company’s new chief executive officer — and chair designate. Vervaat joins SIG on October 1.

SIG chief financial officer Ian Ashton said: “The group’s robust trading results in the first half reflect continuing outperformance of markets that remain subdued. Cost, productivity and cash initiatives have remained a key focus in the period, as has the ongoing implementation of strategic and operational improvements that are positioning the group to win in the long term. 

“These actions have benefited the first half and underpin the anticipated outcome for the year, and as such our outlook for 2025 remains unchanged. We continue to make good progress in creating better performing businesses across the Group, which will help to significantly improve our future profitability and cash generation when markets recover.”