James Halstead plc (JHD.L), a UK-based flooring manufacturer, on Wednesday announced lower profit for fiscal 2026, amid challenging market conditions, while proposing a higher final dividend and maintaining a positive outlook.
Looking ahead, the company said it remains confident in the prospects for the coming year, supported by strong financial resources and market position.
James Halstead expects continued growth in its core UK-manufactured product ranges and direct export markets continue to show positive trends.
For fiscal 2026, profit before tax fell 12.7 percent to £48.16 million from £55.14 million last year, driven by a challenging operating environment.
The company reported earnings attributable to equity shareholders of £35.42 million or $8.5 pence per share, compared with £40.61 million or $9.7 pence per share in the prior year.
Operating profit fell to £46.37 million from £52.82 million a year earlier.
Revenue declined 0.8 percent to £259.91 million from £261.97 million in the previous year, mainly reflecting adverse conditions in Europe.
The company attributed the weak results to Gulf situation that created clear pressure on material and energy costs, along with weaker...