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Investing.com -- SIG (LON:SHI) on Tuesday reported first-half 2025 results that aligned with the guidance provided in its early-July trading update, with operating profit (EBIT) coming in at £15.4 million compared to the previously guided "circa £15 million."
The building materials distributor’s U.K. Interiors business returned to profitability in the first half of 2025, earlier than management had initially expected.
The company had previously indicated this division would become profitable by the end of the fiscal year.
SIG reiterated its full-year 2025 outlook, stating it expects to deliver operating profit in line with market expectations of £31.6 million.
The company maintained its position from the July update that it anticipates no recovery in market conditions during the second half of 2025.
Trading in July reportedly followed similar trends to those seen in May and June.
The company made no official comments regarding its outlook for fiscal year 2026, though current market consensus projects a significant 51% year-over-year increase in operating profit for that period.
The first-half results contained few surprises as the company had already disclosed sales figures and provided operating profit guidance in its early-July update.