**Summary of Howden Joinery Group PLCs 2025 Full Year Results**
Howden Joinery Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with key highlights as follows
### **Financial Performance**
**Revenue Growth**Group revenue increased by 4.1% to £2,418.0 million, driven by
**UK Revenue**Up 3.8% to £2,333.2 million, despite kitchen market headwinds, reflecting balanced pricing and volume growth.
**International Revenue**Surged 13.5% to £84.8 million, with significant progress in France and the Republic of Ireland.
**Gross Profit Margin**Improved by 110 basis points to 62.7%, supported by revenue growth and efficiency gains.
**Operating Profit**Rose 4.7% to £355.3 million, with a margin of 14.7%.
**Profit Before Tax**Increased 5.1% to £344.9 million.
**Basic Earnings Per Share (EPS)**Up 7.9% to 49.2p.
**Dividend**Total ordinary dividend per share increased 3.3% to 21.9p, with a proposed final dividend of 16.9p.
**Cash Position**Robust cash generation, with cash at the end of the period at £344.5 million.
### **Operational Highlights**
**Depot Expansion**Opened 23 new UK depots and 3 international depots, bringing the total to 891 UK and 79 international depots.
**Product Innovation**Introduced 24 new kitchen ranges and launched a new pricing and margin (PAM) tool to optimize depot margins.
**Manufacturing Investment**Invested in UK manufacturing capacity, including upgrading the rigid cabinet and panel facility at Runcorn.
**International Growth**Continued focus on optimizing the depot network in France and establishing a strong presence in the Republic of Ireland.
### **Strategic Initiatives**
**Depot Model Evolution**Focused on efficient space utilization and customer experience improvements.
**Product Range and Supply Management**Enhanced product offerings and supply chain efficiency.
**Digital Transformation**Increased online account usage and engagement, with 59,000 new registrations and 61% of customers holding online accounts.
**International Expansion**Strengthened presence in France and the Republic of Ireland.
### **Outlook**
**UK Kitchen Market**Expected to remain level in 2026 after years of decline, in a competitive environment.
**Focus Areas**Maintaining a balance between price and volume, cost discipline, and leveraging the differentiated business model.
**Growth Opportunities**Significant long-term opportunities to continue above-market performance and enhance shareholder returns.
### **Sustainability**
**Net Zero Plan**On track to achieve a 42% reduction in Scope 1 and 2 emissions and a 25% reduction in Scope 3 emissions by 2030, with Net Zero targeted by 2050.
**Operational Progress**Zero-to-landfill status maintained across all sites, with significant investments in renewable energy and fleet decarbonization.
### **Capital Allocation**
**Share Buyback**Announced a new £100 million share buyback program for 2026.
**Dividend Policy**Committed to sustainable dividend growth and returning surplus capital to shareholders.
### **Board Changes**
**CFO Transition**Jackie Callaway succeeded Paul Hayes as CFO, bringing extensive experience in multinational manufacturing and supply chain businesses.
### **Financial Guidance for 2026**
**Inflationary Costs**Expected headwinds of around £30 million, offset by productivity and efficiency savings.
**Strategic Investments**Continued investment of approximately £30 million in growth initiatives.
**Net Interest Charge**Approximately £16 million.
**Effective Tax Rate**23% to 24%.
**Capital Expenditure**Around £125 million, including growth investments.
Howden Joinery Group PLC remains well-positioned for continued growth, with a strong focus on operational efficiency, strategic investments, and sustainable practices.