Our strategy and business model

Our long-term ambition is to be the leading European multinational distributor of construction related products and solutions, operating a diversified portfolio of local market-leading businesses.

2030 ambitions

£850m+ cumulative free cash flow (2026-2030)

Greater than 10% CAGR in adjusted EPS¹ (2025-2030)

Approximately 13% ROCE by 2030

¹ CAGR calculated based on 2025 Adjusted EPS of 73.8p (excluding property profit)

Our strategy for growth

Our strategy is based on:

Strong positions in markets with long-term growth characteristics.

Core geographic focus on existing markets near term, new geographies longer term.

Federated operating model – local execution, using Group capabilities across markets.

Customer focus on trade – providing the products and solutions they want when they need it.

What sets us apart:

Strong, experienced business leaders in each market

Resilience through geographic diversification.

Highly cash generative businesses, an underlying strength.

Financial discipline: investment grade credit rating (max leverage of 2.0x Net Debt/EBITDA).

Technology, digital and AI-enabled solutions supporting growth and operational excellence and continuous improvement

Our structured approach to capital allocation:

(1) Fund organic growth and existing estate.

(2) Dividend cover: 2-3 times earnings.

(3) Inorganic growth.

(4) Return surplus capital to shareholders.

Our strategy is supported by the Grafton Way

Our federated operating model combines local accountability and entrepreneurial decision-making with the benefits of a multinational group. This approach enables our businesses to remain close to customers and local markets while benefiting from shared expertise in areas including technology, procurement, talent, sustainability and corporate development. The result is stronger performance, continuous improvement and superior long-term returns.

Why we are confident in delivering our 2030 ambitions

Leading positions across multiple European markets

Disciplined capital allocation

The Grafton Way and federated operating model

Significant opportunities for organic and acquisitive growth

Creating value for all our stakeholders

37.75 p

Dividend per share (2025)

473

Branches and factories across our operations (2025)

c. 10000

Colleagues across our businesses (2025)

>£ 1.7 m

Donated to charities and good causes in 2025