UK DIY News

Wickes Sees Strong Growth in Retail; Record Market Share Gains

Strong market outperformance and adjusted PBT ahead of expectations
Accelerating investment in future growth with ambition to reach 300 stores

Wickes Group Plc has published Full Year Results for FY2025, covering the 52 weeks to 27 December 2025.

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."

Click here to download the full results publication

Summary of full year financial results

£m

52 weeks to 27 Dec 2025

52 weeks to

28 Dec 2024

Change

Statutory revenue

Retail

Design & Installation Ranges

1,636.2

1,208.9

427.3

1,544.5

1,135.2

409.3

5.9%

6.5%

4.4%

Statutory gross profit

Gross profit margin

603.8

36.9%

566.6

36.7%

6.6%

+0.2ppts

Statutory operating profit

Operating profit margin

70.6

4.3%

47.3

3.1%

49.3%

+1.2ppts

Statutory profit before tax

48.7

23.2

109.9%

Adjusted³ gross profit

Adjusted gross profit margin

605.9

37.0%

565.1

36.6%

7.2%

+0.4ppts

Adjusted³ operating profit

Adjusted operating profit margin

74.8

4.6%

67.4

4.4%

11.0%

+0.2ppts

Adjusted³ profit before tax

Adjusted profit before tax margin

49.9

3.0%

43.6

2.8%

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

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

Click here to download the full results publication

Source : Wickes

Image : Wickes

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17 March 2026