(Alliance News) – Alumasc Group on Thursday said it is taking a “more cautious” view of the outlook for 2026 amid subdued markets and the instability caused by the Middle East crisis.
The Kettering, Northamptonshire-based supplier of building products for water and energy management expects full-year 2026 underlying profit before tax to be around GBP11 million, which would be down from GBP14.2 million in the financial year ending June 2025.
The strong momentum in order intake continued into the third quarter, albeit overall performance was “slightly below expectations”, due to the impact of events in the Middle East, Alumasc said.
Third quarter revenue was 2% ahead of the prior year, while the order book at the end of March was 28% higher than a year ago, and 8% higher than December.
In response, company broker Peel Hunt said it was cutting financial 2026 pretax profit forecasts to GBP10.8 million from GBP14.0 million, and for 2027 to GBP12.8 million from GBP15.0 million.
Shares in the company plunged 15% to 221.50p each in London on Thursday.
Conditions in key commercial markets remain subdued, reflecting affordability concerns, a constrained planning environment and fragile confidence levels, Alumasc said, exacerbated by instability resulting from the conflict in the Middle East.
“We are seeing impacts from this in slower decision-making and delays to large project timings,” the firm added.
More optimistically, Chief Executive Pamela Bingham sees significant scope to drive performance through self‑help initiatives, especially in the Water Management division.
“We are maintaining momentum in order intake, growing our order book year on year, and continuing to take share in regulation‑ and specification‑led markets where demand for high‑performance and sustainable solutions remains resilient,” she added.
By Jeremy Cutler, Alliance News reporter
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