Grafton's H1 profit rises on Ireland and Iberia growth
Grafton Group reported a 6.7% increase in revenue and a 7.1% rise in pre-tax profit for the first half of 2026, driven by strong performance in Ireland and Iberia. Despite these gains, the company noted ongoing profitability challenges in Great Britain and uncertain recovery in Northern Europe.
Why it matters
The results highlight regional economic disparities in the European construction and DIY retail sectors.
Grafton Group, which owns Woodie's DIY and Chadwicks here, today reported higher revenues and profits for the six months to the end of June and said that trading conditions are expected to remain broadly consistent for the rest of the year.
Grafton, which also owns HSS Hire Ireland and Cygnum, said its revenues rose by 6.7% to £1.336 billion from £1.252 billion the same time last year.
Adjusted profit before tax for the six months grew by 7.1% to £93m from £86.8m, while adjusted operating profit increased by 8.2% to £98.5m from £91m on the back of strong underlying trading and acquisitions in Iberia and on the Island of Ireland.
The Grafton Board has declared an interim dividend of 11 pence per share, an increase of 2.3% on last year's interim dividend of 10.75 pence.
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