A sustainable water, climate, and ventilation solutions provider for the built environment has revised its full-year profit outlook downward, citing “uncertainty” around the UK Government’s upcoming Budget, despite reporting solid revenue growth for the year to date.
In its trading update for the ten months ended 31 October 2025, Genuit Group reported revenue of £511.1 million, up 8.4 per cent year-on-year from £471.7 million in 2024, with strong performances across its climate management, water management, and sustainable building solutions divisions.
However, the company now expects underlying operating profit to range from £92 million to £95 million, down from a previous forecast of £95 million to £99 million.
The update saw the Leeds-headquartered firm’s shares fall by 12.3 per cent to as low as 298.5 pence today in London.
Genuit attributes the lowered profit forecast to “subdued market conditions” and concerns over the potential impact of the Budget and the broader economic outlook, but remains optimistic about margins, forecasting “sequential increases” in the second half of the year due to price increases, productivity improvements, and cost efficiencies.
The company also highlighted strategic progress with the acquisitions of Monodraught and Davidson Holdings, expected to contribute £13 million of revenue in Q4 2025 and £55 million in 2026.
Full-year revenue is expected to be in the range of £599 million to £625 million, (FY2024: £561.3 million).
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Chief executive officer, Joe Vorih expressed confidence that a “supportive” UK Government Budget could boost market conditions, allowing Genuit to capitalise on increased construction activity.
“Genuit has delivered a resilient performance in the second half to date against persistently challenging market conditions, with continued market share gains and increasing margins,” he said.
“Looking ahead, we expect the market to remain subdued for the remainder of 2025 and into next year due to the economic and political backdrop.
“We are continuing to drive productivity and operational improvements through the deployment of the Genuit Business System, to help mitigate the impact of market conditions.”
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