{"id":892197,"date":"2026-03-18T02:08:48","date_gmt":"2026-03-18T07:08:48","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/18\/travis-perkins-loss-triples-as-construction-weakness-and-impairments-bite\/"},"modified":"2026-03-18T02:08:48","modified_gmt":"2026-03-18T07:08:48","slug":"travis-perkins-loss-triples-as-construction-weakness-and-impairments-bite","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/03\/18\/travis-perkins-loss-triples-as-construction-weakness-and-impairments-bite\/","title":{"rendered":"Travis Perkins loss triples as construction weakness and impairments bite"},"content":{"rendered":"
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\"Travis-Perkins_generic.png\"<\/p>\n

Credit: Scott Lewis | Flickr<\/p>\n

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Travis Perkins has reported a deeper full-year pre-tax loss due to weak construction activity and impairments among some of its subsidiaries.<\/p>\n

The UK\u2019s largest building materials supplier saw its statutory pre-tax loss more than triple from \u00a338.4m to \u00a3134.7m in the year to 31 December 2025.<\/p>\n

Revenue was stable at \u00a34.56bn, down by 0.9 per cent on the previous year\u2019s \u00a34.61bn.<\/p>\n

Chief executive Gavin Slark said the loss was \u201cprimarily due to accounting impairments\u201d from the group\u2019s \u201cperennially loss-making\u201d Toolstation Benelux business and \u201csome of the smaller merchanting businesses in the UK\u201d such as the CCF drylining subsidiary.<\/p>\n

He added that the firm\u2019s adjusted operating profit of \u00a3133.4m \u2013 down from the previous year\u2019s \u00a3151.8m \u2013 aligned with market expectations.<\/p>\n

Today\u2019s announcement described a \u201cchallenging market backdrop for UK construction activity\u201d, with lower trading volumes in Travis Perkins\u2019 core Merchanting division in London and the South East.<\/p>\n

This continued a trend seen earlier in the year<\/a>, when Travis Perkins chair Geoff Drabble described a \u201cdifficult\u201d first quarter with a loss of market share and revenue decrease in the Merchanting division.<\/p>\n

Travis Perkins held \u00a37.2m in short-term loans and borrowings, while long-term debt was stable at \u00a3419.4m compared to \u00a3421.8m in 2024.<\/p>\n

Net cash before leases totalled \u00a31m \u2013 marking the first positive total for almost 30 years, according to today\u2019s Stock Exchange announcement.<\/p>\n

And the firm\u2019s liquidity improved with cash at hand almost doubling from \u00a3244.4m to \u00a3426.9m in the course of the year.<\/p>\n

This gives Travis Perkins \u201cvery substantial liquidity headroom\u201d in the short term, said Slark, who joined the group as chief executive this January.<\/p>\n

But directors recommend a lower final dividend of \u00a315.8m compared with \u00a319.1m in 2024.<\/p>\n

\u201cThe trading environment since the start of the year has remained subdued and this reflects a continuation of the weak UK construction activity figures reported for the final quarter of 2025,\u201d the firm said in its results announcement.<\/p>\n

Slark said the group will focus on blending \u201ca branch-based, sales-led culture with a disciplined approach on margin, on costs and on capital allocation\u201d.<\/p>\n

He described the next few months as \u201ca potentially rocky road to travel\u201d given the ongoing Middle East conflict.<\/p>\n

\u201cI think in terms of the direct impact of the conflict at the moment on our business this year, a lot of our UK-based suppliers would be quite energy intensive, so we anticipate some pricing pressure coming through from higher energy costs from our supplier base.\u201d<\/p>\n<\/div>\n

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At CN Intelligence you can view and filter seven years\u2019 worth of detailed financial information on the top UK construction firms via our interactive dashboards. Access in-depth written analysis of the numbers along with targeted data and analysis on specialist contractors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Ben Vogel<\/p>\n","protected":false},"excerpt":{"rendered":"

Credit: Scott Lewis | Flickr Travis Perkins has reported a deeper full-year pre-tax loss due to weak construction activity and impairments among some of its subsidiaries. The UK\u2019s largest building materials supplier saw its statutory pre-tax loss more than triple from \u00a338.4m to \u00a3134.7m in the year to 31 December 2025. Revenue was stable at<\/p>\n","protected":false},"author":1,"featured_media":892198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29443,595],"tags":[],"class_list":{"0":"post-892197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-perkins","8":"category-travis"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/892197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=892197"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/892197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/892198"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=892197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=892197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=892197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}