**Summary of Wickes Group PLC Full Year Results 2025**
Wickes Group PLC reported strong financial performance for the 52 weeks ending December 27, 2025, with total revenue increasing by 5.9% to £1,636.2 million compared to £1,544.5 million in 2024. Adjusted profit before tax (PBT) rose by 14.4% to £49.9 million, surpassing expectations, while statutory PBT increased significantly to £48.7 million from £23.2 million in 2024, aided by operating leverage and productivity improvements.
**Key Financial Highlights**
**Revenue Growth** Retail revenue grew by 6.5% to £1,208.9 million, driven by strong volume growth, particularly in TradePro (9% sales growth) and mid-single-digit growth in DIY sales. Design & Installation revenue increased by 4.4% to £427.3 million, supported by enhancements in kitchen and bathroom offerings.
**Profitability** Adjusted PBT margin improved to 3.0% from 2.8% in 2024, reflecting operational efficiency and cost management. Statutory PBT margin rose to 3.0% from 1.5% in 2024.
**Cash Position** Net cash stood at £91.7 million, up from £86.3 million in 2024, after investments in growth and shareholder returns, including £44.8 million returned to shareholders.
**Dividends and Share Buybacks** A final dividend of 7.3p per share was declared, maintaining the total dividend at 10.9p for the year. A new £10 million share buyback program was announced, in addition to £5-10 million for employee share schemes in 2026.
**Strategic Achievements**
**Market Share Gains** Wickes achieved record market share in Retail, particularly in timber, tiling, flooring, and paint categories.
**TradePro Growth** Active TradePro members increased to 643,000 from 581,000 in 2024, with sales growth driven by strategic partnerships and customer engagement initiatives.
**Design & Installation Momentum** Five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth were recorded, supported by simplified customer journeys and range enhancements.
**Store Expansion** Wickes opened 5 new stores and completed 11 refits/refreshes in 2025, with an ambition to reach 300 stores nationwide, creating over 2,000 new jobs.
**Digital and Technology Investment** Increased investment in technology to enhance customer experience and support future growth, including new design software and unified commerce platforms.
**Current Trading and Outlook**
**2026 Trading** The first 11 weeks of 2026 showed continued volume growth across indoor projects and Design & Installation, despite wet weather impacting outdoor project demand.
**Future Prospects** Wickes remains confident in its growth strategy, focusing on proven levers like store expansion, digital enhancement, and category wins. The company is comfortable with consensus expectations for adjusted PBT in 2026, despite macroeconomic uncertainties.
**Leadership Commentary**
CEO David Wood highlighted the company’s strong strategic progress, record market share gains, and the successful acceleration of store investment for future growth. He emphasized the commitment to enhancing customer experience and expanding Wickes’ footprint across the UK.
**Conclusion**
Wickes Group PLC demonstrated robust financial and operational performance in 2025, underpinned by strategic investments in growth levers, market share gains, and a focus on customer satisfaction. The company is well-positioned for continued growth in 2026, despite external challenges, with a clear strategy to expand its store network and enhance digital capabilities.
| Metric | 2025 (£m) | 2024 (£m) | Change |
|---|---|---|---|
| Total Revenue | 1,636.2 | 1,544.5 | +5.9% |
| Adjusted Profit Before Tax | 49.9 | 43.6 | +14.4% |
| Statutory Profit Before Tax | 48.7 | 23.2 | +109.9% |
| Net Cash Position | 91.7 | 86.3 | +6.3% |
| Average Cash Across the Year | 153.0 | 144.3 | +6.0% |
| Final Dividend Declared (pence) | 7.3 | 7.3 | 0% |
| Total Dividend for the Year (pence) | 10.9 | 10.9 | 0% |
| Lease Liability Net Debt | (628.1) | (619.0) | -1.5% |