Full Year Results 2025
Wickes Group Plc – Full Year Results 2025
for the 52 weeks to 27 December 2025
Strong market outperformance and adjusted PBT ahead of expectations
Accelerating investment in future growth with ambition to reach 300 stores
Financial Summary
- Total revenue of £1,636.2m (2024: £1,544.5m) +5.9% year-on-year
- Continued strong volume growth in Retail1 with revenue +6.5%; momentum continuing in Design & Installation2 driving 4.4% revenue growth
- Adjusted profit before tax3 +14.4% year-on-year to £49.9m (2024: £43.6m) reflecting operating leverage, with strong productivity partially mitigating cost inflation
- Statutory profit before tax of £48.7m (2024: £23.2m after non-cash impairment charge)
- Net cash position of £91.7m (£86.3m) after growth investments and £44.8m returned to shareholders. Average cash across the year of £153.0m (2024: £144.3m)
- Final dividend declared of 7.3p (2024: 7.3p), giving a total of 10.9p for the year (2024: 10.9p)
- New £10m share buyback announced today, in addition to £5-10m of purchases for employee share schemes expected during 2026
Strategic Highlights
- Continued volume-led growth in Retail, driven by 9% TradePro sales growth, with increase in active members4 to 643,000 (2024: 581,000) and mid-single digit growth in DIY sales
- Record Retail market share5 with particular gains in timber, tiling & flooring and paint
- Strong momentum in Design & Installation, driven by enhancements to the business; five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth
- Step up in technology investment as planned, to enhance the customer experience and underpin future growth
- Proven store investment programme delivering returns. 5 new stores opened6 and 11 refits/refreshes completed. Accelerating investment in this growth lever with ambition to reach 300 stores
- UK’s #1 retailer in Financial Times Europe’s Best Employers 2025
Current Trading & Outlook
Trading in the first 11 weeks of 2026 reflects the strength of our balanced business model – while outdoor project demand has been impacted by wet weather, we have experienced continued volume growth across indoor projects and D&I.
Continued investment in our proven growth levers positions us well for 2026, notwithstanding the uncertain consumer and geopolitical environment. We remain comfortable with consensus expectations7 for adjusted PBT in 2026.
Our spring trading update will be released in mid-May.
David Wood, Chief Executive of Wickes, commented:
"This has been another year of strong progress against our strategy. We’ve achieved volume-driven growth across all three areas of the business, as the strength of our proposition continues to resonate with customers. I would like to thank all of my colleagues for their continued hard work and commitment.
David Wood Chief Executive of Wickes
“In Retail, we achieved record market share with particularly strong sales across timber, tiling & flooring and paint, while TradePro continues to perform strongly, growing to 643,000 active members. We’re also pleased with the performance of our Design & Installation business, which has now recorded five consecutive quarters of ordered sales growth.
“Given the strength of investment returns from our proven store refit and new store rollout strategy, we have today announced the decision to accelerate our investment for future growth. This takes our ambition to reach 300 stores nationwide – creating over 2,000 new jobs as we bring Wickes’ distinctive offer to new locations up and down the UK."
Summary of full year financial results
£m | 52 weeks to 27 Dec 2025 | 52 weeks to 28 Dec 2024 | Change |
Statutory revenue Retail Design & Installation Ranges | 1,636.2 1,208.9 427.3 | 1,544.5 1,135.2 409.3 | 5.9% 6.5% 4.4% |
Statutory gross profit Gross profit margin | 603.8 36.9% | 566.6 36.7% | 6.6% +0.2ppts |
Statutory operating profit Operating profit margin | 70.6 4.3% | 47.3 3.1% | 49.3% +1.2ppts |
Statutory profit before tax | 48.7 | 23.2 | 109.9% |
Adjusted3 gross profit Adjusted gross profit margin | 605.9 37.0% | 565.1 36.6% | 7.2% +0.4ppts |
Adjusted3 operating profit Adjusted operating profit margin | 74.8 4.6% | 67.4 4.4% | 11.0% +0.2ppts |
Adjusted3 profit before tax Adjusted profit before tax margin | 49.9 3.0% | 43.6 2.8% | 14.4% +0.2ppts |
Basic earnings per share | 16.8p | 7.7p | 118.2% |
Adjusted3 basic earnings per share | 17.4p | 14.1p | 23.4% |
Full year dividend | 10.9p | 10.9p | N/A |
Investor & Analyst meeting
A presentation for investors and analysts will be held today at 8.30am (UK time), followed by a Q&A with the Wickes management team. A live webcast can be accessed here: https://brrmedia.news/WIX_FY
A recording will be available on the Wickes Group Plc website after the event: https://wickesplc.co.uk
Enquiries
Investors and Analysts Holly Grainger Director of Investor Relations +44 (0)7341 680426 | Media Lucy Legh, Will Smith, Eleanor Evans PR Advisers to Wickes +44 (0)203 805 4822 |
About Wickes
Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys - TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.
Wickes operates from its network of 230 right-sized stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app. These digital channels allow customers to research and order an extended range of Wickes products and services, arrange virtual and in-person design consultations, and organise convenient Home Delivery or Click & Collect.
Forward looking statements
This announcement has been prepared by Wickes Group Plc. This announcement may include statements that are, or may be deemed to be, "forward-looking statements" (including words such as "believe", "expect", "estimate", "intend", "anticipate" and words of similar meaning). To the extent it includes forward-looking statements, these statements are based on current plans, estimates, targets and projections, and are subject to inherent risks, uncertainties and other factors which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Neither Wickes Group Plc, nor any of its officers, Directors or employees, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in this announcement will actually occur. Wickes Group Plc does not undertake any obligation, other than in accordance with our legal and regulatory obligations, to update or revise any forward-looking or other statement, whether as a result of new information, future developments or otherwise.