Leeds-based piping and ventilation systems firm Genuit Group plc — formerly called Polypipe Group — said its half-year revenue rose 9.3% to £297.8 million in the six months to June 30, 2025, and statutory profit before tax soared 107.2% to £31.7 million.

Underlying profit before tax rose 3.2% to £38.8 million. Interim dividend per share is 4.2p (H1 2024: 4.1p).

In its outlook, Genuit said: “The external environment remains challenging and increases in market volumes are not expected this year.

“The Group expects underlying EBIT margin to increase sequentially in the second half, as price increases, productivity gains from Genuit Business System projects and other cost efficiencies, particularly in Water Management Solutions, are delivered.

“The Group has strong operational gearing and has at least 25% available capacity within the current operational footprint, providing confidence in the achievement of medium-term profit targets as volumes grow.”

Genuit Group CEO Joe Vorih said: “The group returned to top line growth in the first half of this year, outperforming a market that continues to be characterised by weak confidence and broadly flat volumes.

“In this context, we are pleased to have delivered growth in key segments including ventilation and blue-green roofs, as well as targeted market share gains.

“As we look forward into the second half, we anticipate these challenging market conditions to persist, although with margins benefiting from price actions, cost efficiency and productivity actions already underway, supported by the Genuit Business System. We expect underlying operating profit for the year to be in-line with consensus.

“We are confident in our ability to continue to outperform our markets, with supportive regulatory-driven tailwinds emerging, including the Future Homes Standard, where our breadth of offering is supporting our customers’ development, and the AMP8 spending cycle, with its focus on stormwater management solutions.”