SIG plc, Sheffield-based supplier of specialist insulation and building products across Europe, said its first-half revenue slipped 1% to £1.293 billion for the six months to June 30, 2026, and said its loss before tax improved to £21.6 million from £33.1 million.

SIG CEO Pim Vervaat said: “The group delivered a resilient performance in the first six months of the year despite challenging markets exacerbated by poor weather in the first quarter.

“For FY 2026 we are expecting to deliver c.£25m of operating profit whilst improving the group’s net debt position in the second half.  

“The markets are not anticipated to recover during the remainder of 2026 and possibly throughout 2027.

“Against this backdrop we are accelerating and extending our self-help plan which aims to generate cash of at least £100m by the end of 2027 and improve the underlying operating profit by £50m (run rate mid 2028), reducing the group’s leverage to below 3.0x.

“The group has, and expects to maintain, a healthy level of liquidity going forward. 

“The Vision 2030 strategy is making good overall progress towards building a higher quality European specialist distribution platform aiming to generate 3% to 5% operating margin through the cycle whilst generating cash.”