- James Halstead
- 31 March 2026 13:10:12
Source: Sharecast
The AIM-traded group posted revenue of £127.2m for the six months ended 31 December, down from £130.1m a year earlier.
Operating profit fell to £23.6m from £27.1m, while pre-tax profit declined to £24.7m from £28.5m.
Basic earnings per share decreased to 4.4p from 5.0p.
Despite the drop in earnings, the company increased its interim dividend to a record 2.85p per share, up from 2.75p, reflecting confidence in its financial position and cash generation.
Cash balances rose to £70.8m from £63.7m, while operating cash inflow strengthened to £36.9m from £25.3m.
Executive chairman Mark Halstead said the group had delivered a resilient performance in a difficult trading environment.
“I am pleased to report a robust balance sheet, strong cash inflow and a record interim dividend achieved against a backdrop of challenging markets.
“Our very long record of dividend increases continues and the markets in which we operate continue to generate demand which in turn gives us confidence in the medium term.”
Operationally, the company reported continued growth in North America, with further gains in the US and Canada supported by expanded local stockholding capacity.
It also completed capital expenditure projects at its Teesside and Radcliffe sites in the UK, while making further progress in Malaysia and South Asia.
The group additionally highlighted the successful relaunch of its Expona commercial flooring range.
At 1252 BST, shares in James Halstead were up 3.36% at 123p.
Reporting by Josh White for Sharecast.com.
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