Likewise Group has raised its longer-term revenue target to £300 million after a strong first half of 2026, with continued sales growth, improving margins and further investment in its distribution network supporting the flooring distributor’s expansion plans.
Group revenue increased 15.4% to £89.9 million in the six months to 30 June 2026, compared with £77.9 million a year earlier. Gross margin also improved by 0.8 percentage points to 32.1%, while underlying EBITDA rose 15.9% to £5.1 million.
Underlying profit before tax increased 79.5% to £1.32 million, compared with £0.74 million in the first half of 2025. Underlying operating profit rose 34.4% to £2.25 million, while operating activities generated £4.11 million of cash during the period.
The improvement in profitability reflects the benefit of higher sales volumes alongside investment made in the group’s infrastructure, product development and sales resources. Likewise has also focused on pricing, purchasing and product mix, helping it improve margins despite higher operating costs.
Trading accelerated further after the half-year period. Sales increased 29.1% between 1 July and 25 September, taking the year-to-date increase to 20.7%. As a result, the company now expects underlying profit before tax for the full year to be at least £5 million, materially ahead of current market expectations.
The stronger trading performance has also led Likewise to renew its longer-term sales ambition. The company had been working towards £200 million of revenue, which it now expects to reach during the current year based on its recent performance. Additional investment in logistics capacity is intended to provide the infrastructure needed to move towards £300 million of revenue and beyond.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
