SIG annual loss widens on construction market headwinds
SIG PLC announced on Wednesday reported a wider annual loss but hailed ‘good progress’ on moves designed to boost its bottom line in the long-term.
Shares in the Sheffield-based construction specialists are down 1.0% to 9.60 pence. Over the past 12 months, shares have been down 19%.
The company’s pretax loss stretched to £61.7 million in 2025, from £44.8 million in 2024. Revenue fell 0.8% to £2.59 billion from £2.61 billion.
Chief Executive Officer Pim Vervaat Said: ‘The group delivered a robust trading performance in continued difficult market conditions, and good progress in improving the underlying performance and profitability of our businesses.’
SIG said it is ‘outperforming’ given these market headwinds. In addition, it hailed ‘good progress on strategic actions, including those benefitting medium and longer term profitability’.
However, it added: ‘The group continues to expect softness in market conditions in 2026 and, to the extent there is a recovery, that it is more likely to materialise in the second half of the year. Trading in the first weeks of 2026 has also been adversely affected by particularly poor weather across Europe, and as a result LFL sales for the first two months of the year have been weaker than expected.’
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