**Summary**
Tandem Group PLC, a designer, developer, distributor, and retailer of sports, leisure, and e-mobility products, released a trading update for the year ended December 31, 2025 (FY25), highlighting resilient performance despite macroeconomic challenges. The company reported a 6.2% year-on-year revenue increase to £26.2 million, driven by strong first-half trading, disciplined inventory management, and cost control. Profit before tax and exceptional items is expected to exceed market expectations.
Key divisional performances include
**Toys, Sports, and Leisure (TSL)** Revenue declined by 17.5% due to softer demand in discretionary categories and changes in retailer purchasing patterns, but strategic progress was made in licensed wheeled products and own-brand ranges.
**Bicycles** Strong growth of 37.6%, with electric bikes up 30% and mechanical bikes up 47.6%. The new HOY range, developed with Sir Chris Hoy, contributed to a 10.7% increase in childrens bikes.
**Golf** Revenue grew by 8.6%, with the Pro Rider portfolio achieving over 26% growth, driven by product innovation and new ranges.
**Home & Garden** Revenue increased by 30.1%, supported by demand for heating, cooling, and outdoor products, as well as new trend-driven ranges.
The company’s outlook for 2026 is positive, with trading in line with expectations, new retail partnerships, and continued focus on innovation, cost discipline, and international expansion. Tandem Group expects revenue growth in FY26 to be broadly in line with FY25, with further margin and profitability improvements. The company will announce its FY25 results on March 23, 2026, and remains well-positioned for sustainable growth and long-term shareholder value creation.