SigmaRoc AIM:SRC
- Founded
- 2016 · London, England
- Incorporated
- United Kingdom
- Chief executive
- Max Vermorken
- Employees
- 2,948
- Reports in
- GBP
- Companies House
- 05204176
European lime and limestone group created through a buy-and-build strategy, transformed by acquiring CRH's European lime operations to become a leading supplier of lime products essential to steel, construction, water treatment and agriculture. Quarry-backed industrial minerals with pricing power from local market positions.
Read straight from the annual reports
129p at close on 2 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 541.7 | |||||||||||
| Gross profit | — | — | — | — | — | — | — | later 123.6 | ||||
| Operating profit | — | later 50.7 | later 35.9 | |||||||||
| Adjusted operating profit | — | — | — | — | later 78.4 | |||||||
| Exceptional items | — | vs 77.7 | ||||||||||
| Net finance cost | later 15.8 | vs 52.8 | ||||||||||
| Profit before tax | later 23.2 | |||||||||||
| Adjusted profit before tax | — | later 65.8 | ||||||||||
| Tax charge | vs 0.66 | later 10.4 | ||||||||||
| Profit for the year | ||||||||||||
| EBITDA | — | |||||||||||
| Adjusted minus statutory PBT | — | |||||||||||
| Basic EPS | ||||||||||||
| Diluted EPS | ||||||||||||
| Adjusted EPS | — | |||||||||||
| Dividend per share | — | — | — |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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High-grade minerals (limestone powder, quicklime, ground calcium carbonate) sold under long-term fixed annual supply agreements with dynamic pricing mechanisms
High-grade minerals revenue £733.8m of £1,035.9m total; typically large national/multinational customers under fixed annual supply agreements with dynamic pricing for input cost changes; >70% of sales
page 200Aggregates and stone sold to government, construction and merchant customers
Aggregates and stone revenue £123.8m (2024: £115.0m)
page 200Synergy programme from CRH Lime Acquisitions
Achieved minimum target of €40m recurring synergies two years ahead of schedule, lifting Group EBITDA from £238m at acquisition to £262m in FY25, offsetting £17m of volume-related EBITDA loss
page 8~70% variable cost base / flexible kiln network
Flexible network of kilns with ~70% variable cost base supports strong operating leverage and is capable of following market uplift with no step-change capex required
page 13The Group expects 2026 to benefit from a number of structural trends that directly support demand for lime and limestone across our core European markets, notwithstanding some early weather-related disruption in Germany and Poland.
page 19None disclosed — Note 37 states there have been no events after the reporting date that require disclosure in the Financial Statements.
page 232No dividend has been declared or paid by the Company during the year ended 31 December 2025 (2024: nil). Investment case references 'possible further shareholder returns via buybacks and dividends' as part of a >15% ROIC capital allocation framework.
page 199Financial statements prepared on a going concern basis. Group has €600m committed term facility, €150m RCF and €100m uncommitted accordion (all maturing Nov 2028) plus a €125m facility maturing Feb 2030; all covenants met. Cash of £166.7m and undrawn facilities of £113m at 31 Dec 2025. Auditor PKF Littlejohn LLP issued an unqualified/unmodified audit opinion with key audit matters on goodwill impairment and business combinations; audit fee £1,066k (2025) vs £484k (2024).
page 189- Competition and margins — reliance on key suppliers (notably cement and bitumen), competitor pricing pressure and potential new low-cost entrantsp.68
- Economic and political — susceptibility to economic downturn, government policy, interest rates and political/economic uncertainty (e.g. COVID-19-type events)p.68
- Energy and power — significant increases in price/availability of energy, power, utilities, fuel oil and haulage costsp.68
- Environment and climate change — operational impact on environment/climate change risk exposing the Group to physical, regulatory and reputational risksp.68
Read from C001192-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 25 Mar 2027