SIG plc, the Sheffield-based international building materials supplier, published a trading update for the year ended December 31, 2025, showing full year like-for-like sales flat versus the prior year, with revenues expected to be £2.6 billion.
SIG said underlying operating profits are expected to be £32 million, £7 million higher than the prior year and in line with market expectations.
“Demand in all markets remains well below historical levels, with European construction at a low point in the cycle and with longer than anticipated delays to the start of meaningful recovery,” said the Sheffield firm.
“Against this backdrop, our businesses continue to outperform and in almost all cases take share within their end markets.
“The Group continues to make good progress on its operational initiatives, including those to drive efficiencies in costs and working capital. Most notably, the UK Interiors and Benelux businesses continue to benefit from the self-help programmes put in place last year.
“The Insulation and Drylining business that forms the majority of UK Interiors also had a particularly strong year from a sales perspective, growing 8% in H1, 3% in H2, and 5% for the full year. In Q4 2025 we removed the separate management structure that was supporting the UK Specialist Markets businesses, and these businesses are now reported within either UK Interiors or UK Roofing.
“We believe these changes in management will allow us to better exploit the opportunities in these smaller specialist businesses, including synergies across our own portfolio. In December 2025, as part of the early phase of a portfolio review, we closed one of the smaller UK businesses, Mayplas, as it did not have the ability to deliver sustainable profitable growth in the future.”
SIG CEO Pim Vervaat said: “In 2025 the Group delivered a robust trading performance in continued difficult market conditions. I have been impressed with the energy, commitment and knowledge of the many people I have met across the Group during my first 100 days.
“SIG is well positioned in markets that continue to have strong long-term growth drivers. The operating leverage benefits when markets return to growth will be significant, and further opportunities for self-help have been identified, including through procurement.
“We will focus on optimising both the business performance and the business portfolio in order to create a best-in-class growth platform for building materials distribution in Europe.
“In 2026 we aim to deliver further financial and strategic progress, and I look forward to working with the Board and all the SIG management teams in driving substantial value over time.”