Marshalls has stated that it has delivered a "resilient first half performance" despite subdued end markets, as its adjusted profit before tax jumped 13.2% year-on-year to £24.9m.

The diversified building products manufacturer and sustainable solutions provider reported that in the six months to 30 June, its earnings increased by 2.6% to £44m, while its operating profit grew by 8.1% to £30.7m.

The firm said this operating profit increase was driven by the beginning of a recovery in landscaping products’ profitability from its ongoing improvement plan.

This division saw improved service and customer engagement, supporting market share momentum, remaining on track to deliver the previously announced £11m of annualised cost savings by the end of the current financial year.

Marshalls added that its building products division delivered a mixed performance, while its roofing products division remained resilient.

It added that its performance in this period demonstrates clear progress under its transform and grow strategy, with actions taken to create a leaner, more focused operating platform.

However, across this period, its revenue dropped by 0.5% to £317.5m.

CEO at Marshalls, Simon Bourne, stated: "We have delivered a resilient first half performance, despite subdued end markets, with adjusted profit growth delivered in line with expectations. This reflects our reinvigorated focus on sharper execution, continued financial discipline and the benefits of actions taken through FY25 to create a leaner and more focused operating platform.”

In its outlook, Marshalls said there is no material market recovery assumed for the second half of the year, with "tight control of execution, cost, cash and capital" supporting the board’s confidence, despite uncertain markets.

The firm’s profitability expectations remain unchanged, with its growth strategy supporting its medium-term margin, cash and returns improvement.

Following the update, shares in Marshalls dropped by over 3%.

Bourne concluded: "We remain focused on what we can control: service, cost, cash, working capital and disciplined capital allocation. We are not factoring a material market recovery into our second half assumptions, and the operational progress delivered to date, together with the strength of our diversified portfolio, supports the board's confidence in the group's outlook for the full year and our medium-term growth potential."

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