Wickes Group Plc (LON:WIX) has announced its Full Year Results for the 52 weeks to 27 December 2025
Strong market outperformance and adjusted PBT ahead of expectations
Accelerating investment in future growth with ambition to reach 300 stores
Financial Summary
| • | Total revenue of £1,636.2m (2024: £1,544.5m) +5.9% year-on-year |
| • | Continued strong volume growth in Retail1 with revenue +6.5%; momentum continuing in Design & Installation2 driving 4.4% revenue growth |
| • | Adjusted profit before tax3 +14.4% year-on-year to £49.9m (2024: £43.6m) reflecting operating leverage, with strong productivity partially mitigating cost inflation |
| • | Statutory profit before tax of £48.7m (2024: £23.2m after non-cash impairment charge) |
| • | Net cash position of £91.7m (£86.3m) after growth investments and £44.8m returned to shareholders. Average cash across the year of £153.0m (2024: £144.3m) |
| • | Final dividend declared of 7.3p (2024: 7.3p), giving a total of 10.9p for the year (2024: 10.9p) |
| • | New £10m share buyback announced today, in addition to £5-10m of purchases for employee share schemes expected during 2026 |
Strategic Highlights
| • | Continued volume-led growth in Retail, driven by 9% TradePro sales growth, with increase in active members4 to 643,000 (2024: 581,000) and mid-single digit growth in DIY sales |
| • | Record Retail market share5 with particular gains in timber, tiling & flooring and paint |
| • | Strong momentum in Design & Installation, driven by enhancements to the business; five consecutive quarters of ordered sales growth and three consecutive quarters of delivered sales growth |
| • | Step up in technology investment as planned, to enhance the customer experience and underpin future growth |
| • | Proven store investment programme delivering returns. 5 new stores opened6 and 11 refits/refreshes completed. Accelerating investment in this growth lever with ambition to reach 300 stores |
| • | UK’s #1 retailer in Financial Times Europe’s Best Employers 2025 |
Current Trading & Outlook
Trading in the first 11 weeks of 2026 reflects the strength of our balanced business model – while outdoor project demand has been impacted by wet weather, we have experienced continued volume growth across indoor projects and D&I.
Continued investment in our proven growth levers positions us well for 2026, notwithstanding the uncertain consumer and geopolitical environment. We remain comfortable with consensus expectations7 for adjusted PBT in 2026.
Our spring trading update will be released in mid-May.
David Wood, Chief Executive of Wickes, commented:
“This has been another year of strong progress against our strategy. We’ve achieved volume-driven growth across all three areas of the business, as the strength of our proposition continues to resonate with customers. I would like to thank all of my colleagues for their continued hard work and commitment.
“In Retail, we achieved record market share with particularly strong sales across timber, tiling & flooring and paint, while TradePro continues to perform strongly, growing to 643,000 active members. We’re also pleased with the performance of our Design & Installation business, which has now recorded five consecutive quarters of ordered sales growth.
“Given the strength of investment returns from our proven store refit and new store rollout strategy, we have today announced the decision to accelerate our investment for future growth. This takes our ambition to reach 300 stores nationwide – creating over 2,000 new jobs as we bring Wickes’ distinctive offer to new locations up and down the UK.”
Summary of full year financial results
| £m | 52 weeks to 27 Dec 2025 | 52 weeks to28 Dec 2024 | Change |
| Statutory revenue Retail Design & Installation Ranges | 1,636.21,208.9427.3 | 1,544.51,135.2409.3 | 5.9%6.5%4.4% |
| Statutory gross profit Gross profit margin | 603.836.9% | 566.636.7% | 6.6%+0.2ppts |
| Statutory operating profit Operating profit margin | 70.64.3% | 47.33.1% | 49.3%+1.2ppts |
| Statutory profit before tax | 48.7 | 23.2 | 109.9% |
| Adjusted3 gross profit Adjusted gross profit margin | 605.937.0% | 565.136.6% | 7.2%+0.4ppts |
| Adjusted3 operating profit Adjusted operating profit margin | 74.84.6% | 67.44.4% | 11.0%+0.2ppts |
| Adjusted3 profit before tax Adjusted profit before tax margin | 49.93.0% | 43.62.8% | 14.4%+0.2ppts |
| Basic earnings per share | 16.8p | 7.7p | 118.2% |
| Adjusted3 basic earnings per share | 17.4p | 14.1p | 23.4% |
| Full year dividend | 10.9p | 10.9p | N/A |
Investor & Analyst meeting
A presentation for investors and analysts will be held today at 8.30am (UK time), followed by a Q&A with the Wickes management team. A live webcast can be accessed here: https://brrmedia.news/WIX_FY
A recording will be available on the Wickes Group Plc website after the event: https://wickesplc.co.uk
