SigmaRoc backs guidance as revenue up amid limited Middle East impact
SigmaRoc PLC on Wednesday said it is confident in its full-year expectations as it reported higher interim earnings.
In a trading update, the London-based limestone and minerals company said underlying revenue climbed 2.5% on a like-for-like basis to £523.1 million in the six months to the end of June from £510.3 million a year earlier.
Underlying earnings before interest, tax, depreciation and amortisation jumped 11% to £131.2 million from £117.8 million, while the Ebitda margin widened to 25.1% from 23.1%.
Earnings per share advanced 12% to 5.23 pence from 4.66p.
SigmaRoc said like-for-like core volumes were up 1% - the first increase in three years, it said - with an improvement in the second quarter after a weather-impacted first quarter.
The impact of the conflict in the Middle East "remained limited or mitigated" by commercial and cost initiatives, SigmaRoc said.
"With signs of improvement in some end markets and the continued focus on operational excellence, the board remains confident in delivering full year results in line with consensus expectations," the company said.
Consensus market expectations for 2026 are for revenue of £1.07 billion, underlying Ebitda of £276 million and underlying basic EPS of 11.5p.
In 2025, SigmaRoc reported revenue of £1.04 billion, underlying Ebitda of £262.2 million, and underlying basic EPS of 10.51p.
Chief Executive Officer Max Vermorken said: "SigmaRoc delivered a strong first half, with improved profitability and continued deleveraging. Core volumes were modestly up year on year, a major achievement given the levels of uncertainty following the conflict in the Middle East.
"Pricing was strong with some mix effects also at play. The results demonstrate the quality of our business model and the resilience of our sector adapting to ever changing circumstances."
Shares in SigmaRoc were up 4.9% at 126.74 pence on Wednesday morning in London.
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