Stelrad: Strong adjusted operating profit for manufacturer with base in South Yorkshire
Stelrad, the specialist manufacturer and distributor of designer radiators in the UK, Europe and Turkey, said it was well positioned for profitable, sustainable growth as it published its full year results.
Although market demand remains subdued, the group's adjusted operating profit increased 3 per cent to £32.5m in 2025, which it said was driven by further margin management activities and strategic initiatives to drive a favourable product mix.
Stelrad, which employs around 200 staff at its base in Mexborough, South Yorkshire, is also recommending a final dividend which is up by 5 per cent to 5.05 pence per share “reflecting the board’s confidence in the group’s prospects and balance sheet”.
Trevor Harvey, Chief Executive Officer, commented: “2025 demonstrated once again our ability to deliver adjusted operating profit growth through the market cycle while continuously improving our operations and positioning as we optimise our business for further progress.
"There remains a level of uncertainty around the timing of a wider market recovery, however, we remain confident in the opportunities that a market recovery offers for a stronger, simplified and more operationally efficient Stelrad.
”Our leadership positioning across the range of markets where we operate provides us with a platform from which to build and positions the group well to continue to drive the adoption of higher-margin, value-added products, including increasing the penetration of premium panel and higher heat output ranges in key markets.
“The board remains confident in delivering further progress during 2026. Our operational excellence initiatives, underpinned by our competitive advantages and market positioning, mean that Stelrad remains well-placed to outperform its peers in the near term and benefit from any medium-term market recovery.”