London, July 1, 2026, 18:03 BST
- SIG plc (LON:SHI) hit 7.47p in London trading, right at the bottom of its 52-week range. There’s a split in the delayed feeds—Google Finance showed 7.87p and MarketWatch reported 8.75p for the final quote.
- Market value was around £92 million, about 3.5% of SIG’s 2025 revenue of £2.59 billion.
- SIG reported a 5% drop in Q1 like-for-like sales and warned that first-half profit will come in below last year.
SIG plc (LON:SHI) shares hit a new 52-week low Wednesday as the building-products group faced more pressure ahead of August results. Investors are watching to see if the company’s cost cuts are still enough to balance out sluggish European construction demand.
London trading wrapped before the dateline. The main July 1 session on the LSE ran 0800 to 1630 BST. TradingHours After the bell, data feeds didn’t line up. Google Finance listed SIG down 0.43% at 7.87p as of 1723 BST. MarketWatch put the delayed close at 8.75p, up 10.76% at 1646 BST. Both showed SIG touched a 7.47p low and an 8.75p high in the session.
The tape tells part of the investor story here. The spread between 7.87p and 8.75p is roughly 11%, about the same as a normal daily swing in some liquid names. SIG’s low of 7.47p put the shares right at the bottom of their 52-week range. They’re down from a 16.68p high.
| Delayed source | Last/quote shown | Change shown | Day range | Volume |
|---|---|---|---|---|
| Google Finance | 7.87p | -0.43% | 7.47p to 8.75p | 1.19 mln |
| MarketWatch | 8.75p | +10.76% | 7.47p to 8.75p | 1.18 mln |
| AJ Bell | Sell at 7.82p / Buy at 8.75p | -0.43% | High of 8.75p; year low at 7.4664p | 1,187,678 |
That larger figure isn’t today’s close. It’s the size of the gap between SIG’s market value and its balance sheet. MarketWatch lists the company’s value at £91.71 million. SIG’s 2025 revenue was £2,591.0 million, putting the equity at about 3.5% of annual sales.
Net debt closed 2025 at £518.2 million, with £323 million tied to lease liabilities. Stripping out leases, net debt stood at £194.9 million. That’s about 5.7 times the company’s equity value including leases, or 2.1 times without leases, using Wednesday’s market price.
| Measure | Latest figure | Investor read-through |
|---|---|---|
| Market value | £91.71 mln | Equity is under £100 mln |
| 2025 revenue | £2,591.0 mln | Market cap is around 3.5% of sales |
| 2025 underlying operating profit | £32.1 mln | Operating margin stands at 1.2% |
| 2025 statutory loss before tax | £61.7 mln | Cost cuts haven’t offset the losses |
| 2025 net debt incl. leases | £518.2 mln | Roughly 5.7x the market cap |
SIG reported in March that underlying operating profit climbed 28% to £32.1 million in 2025. Margin was slim at 1.2%. Statutory pre-tax loss widened to £61.7 million, hit by impairments and restructuring.
CEO Pim Vervaat had said SIG ran into “difficult market conditions” and cost cuts gave a “£39m saving”. Investors will want to see those savings hold up, since a 1% operating margin does not give much cushion for weaker demand. Investegate
SIG’s first-quarter trading update failed to lift the shares. Like-for-like sales dropped 5% to £614 million, with volumes also down 5%. Prices stayed flat even with some input-cost inflation. The company said underlying operating profit fell from last year in Q1 and expects first-half profit to be below H1 2025.
| Q1 2026 segment | LFL sales vs 2025 | Sales |
|---|---|---|
| UK Interiors | -8% | £160 mln |
| UK Roofing | -1% | £106 mln |
| France Interiors | -5% | £45 mln |
| France Roofing | -4% | £93 mln |
| Germany | -10% | £101 mln |
| Poland | -3% | £58 mln |
| Benelux | +13% | £25 mln |
| Ireland | +2% | £26 mln |
| Group | -5% | £614 mln |
Germany dropped 10% like-for-like. UK Interiors was down 8%. The French businesses slid 4%-5%. Benelux and Ireland rose but only brought in £51 million in Q1, not even 9% of total sales.
SIG said first-quarter cash flow topped its projections and the £90 million revolving credit line was untouched. As of year-end, liquidity stood at £171 million, including £81 million cash and the unused RCF. Net debt at the company reached £518 million.
SIG is due to report H1 2026 numbers on Aug. 4. Back in April, it warned profit would be down for the first half, with more of this year’s earnings coming later. Investors want to see if the pick-up in like-for-like sales in March and April lasted.
