**Summary**
Tandem Group PLC reported a 6.2% revenue growth to £26.2 million for the year ended 31 December 2025, driven by strong performance in bicycles, golf, and home & leisure segments. Profits exceeded market expectations, and the company reinstated dividends at 3.0p per share. Net debt was significantly reduced to £1.9 million, and net assets increased to £26.1 million. The company demonstrated resilience in a challenging macroeconomic environment, with positive trading momentum entering 2026. Key highlights include
**Revenue Growth** £26.2 million (6.2% increase), with bicycles up 37.5%, golf up 8.6%, and home & leisure up 30.1%. Toys, Sports & Leisure revenue declined by 17.5% due to softer demand and retailer purchasing patterns.
**Profitability** Underlying profit before tax of £692k, statutory net income of £850k, and diluted EPS of 15.4p.
**Financial Position** Net debt reduced to £1.9 million, net assets increased to £26.1 million, and inventory decreased to £4.4 million.
**Dividend** Reinstated at 3.0p per share.
**Strategic Progress** Focus on innovation, range expansion, and international growth, with new product launches and brand partnerships.
**Leadership Change** Steve Grant stepped down as Chairman, succeeded by Jonathan Crookall.
The company remains optimistic about its long-term outlook, despite ongoing market volatility, and is well-positioned for sustained growth.