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Financial highlights

FINANCIAL HIGHLIGHTS

Nicholas Braime, Chairman said:

"I am delighted with the results given the general sentiment about the economic climate at the start of the year."

Year ended 31st December 2025 2025 £'000 2024 £'000
Revenue 50,935 48,947
Changes in inventories of finished goods and work in progress 1,732 1,718
Raw materials and consumables used (28,440) (27,292)
Employee benefits costs (12,750) (11,956)
Depreciation and amortisation expense (1,452) (1,474)
Other (expenses)/operating income (5,569) (6,291)
Exceptional item - -
Profit from operations 4,456 3,652
Finance expense (497) (513)
Finance income 130 59
Profit before tax 4,089 3,198
Tax expense (1,381) (865)
Profit for the year 2,708 2,333
Profit attributable to:
Owners of the parent 2,714 2,280
Non-controlling interests (6) 53
2,708 2,333
Basic and diluted earnings per share 188.50p 158.37p

Group Financial Highlights

Total dividend 16.50p (2024: 15.25p)

  • Group revenue of £50.9 million (2024: £48.9 million)
  • Pre-tax profits at £4.1 million (2024: £3.20 million)
  • Earnings before interest, tax, depreciation, amortisation and exceptional costs (EBITDA) at £5.9 million (2024: £5.1 million)
  • Basic and diluted earnings per share at 188.50p (2024: 158.37p)
  • Cash balances increased to £2.6 million (2024: £1.9 million)
  • Bank borrowings of £4.0 million (2024: £2.5 million)
  • The board is recommending a second interim dividend of 10.50p per share (2024: 10.00p) to the holders of Ordinary and 'A' Ordinary shares

Operating Highlights
 

Braime Pressings Limited
  • Revenue of £10.5 million (2024: £9.9 million)
  • External revenue up £0.5 million to £5.8 million
  • Intercompany revenue has increased to £4.8 million (2024: £4.6 million)
  • Profit has decreased to £0.5 million (2024: £0.6 million)
Materials handling division (4B group)
  • Revenue of £53.7 million up 3% (2024: £52.2 million)
  • External revenue up £1.5 million to £45.2 million
  • Intercompany activity £8.6 million (2024: £8.5 million)
Central costs - improvement in reported profit of £691,000 mainly due to foreign exchange gains on retranslation of liabilities denominated in US dollars
Outlook

The current global economic background is significantly worse than 12 months ago.  The additional costs and the extended delivery times caused by the blockage of normal shipping routes create further challenges.  It is our plan to use our acquisition to further increase our portfolio of products for use in hazardous environments and for predictive maintenance.  We believe that growth in these innovative new products can be maintained, particularly as their development is now under our control.

Nicholas Braime, Chairman said:

"Despite global uncertainties, we are pleased to report the Group sales revenues for the first six months of 2025 are up 7% on the same period last year."

For the six months ended 30th June 2025 Unaudited 6 months to 30th June 2025 £'000 Unaudited 6 months to 30th June 2024 £'000
Revenue 26,424 24,750
Changes in inventories of finished goods and work in progress (38) 215
Raw materials and consumables used (13,910) (13,073)
Employee benefits costs (6,346) (5,967)
Depreciation expense (707) (760)
Other (expenses)/operating income (3,192) (3,363)
Profit from operations 2,231 1,802
Finance costs (221) (259)
Finance income 4 3
Profit before tax 2,014 1,546
Tax expense (609) (451)
Profit for the period 1,405 1,095
Profit attributable to:
Owners of the parent 1,404 1,097
Non-controlling interests 1 (2)
1,095
Basic and diluted earnings per share 97.53p 76.04p

Group Financial Highlights

  • Dividend has increased from 5.25p to 6.00p per share for both Ordinary and 'A' Ordinary Shares
  • Group revenue at £26.4 million (2024: £24.8 million)
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) at £2.9 million (2024: £2.6 million)
  • Basic and diluted earnings per share at 97.53p (2024: 76.04p)
  • Net cash at 30th June 2025 £562,000 (2024: £450,000)
Braime Pressings Limited - external revenue has increased by 14% compared to the first half of 2024.
  • Total revenue of £5.2 million up 2% (2024: £5.1 million)
  • Intercompany revenue has decreased by 12% to £2.1 million (2024: 2.4 million)
  • The business is continuing to develop new product sectors
The materials handling division (4B group) external revenues have seen growth of 6%.
  • Revenue of £28.3 million up 11% (2024: £25.5 million)
  • Intercompany revenue of £5.0 million up 43% (2024: £3.5 million)
  • The demand for electronics remained strong, particularly in the USA.
Central costs - improvement in reported profit of £805,000 mainly due to foreign exchange gains on retranslation of liabilities denominated in US dollars.