Topps Tiles Says Full-Year Profit Is in Line With Expectations of About £6.6m

Topps Tiles (LON: TPT), the UK tile retailer, said today that full-year adjusted profit will be in line with expectations of about £6.6m. The update covers the 52 weeks to the 26th of September.

The shares closed yesterday at 36.0p, up from 35.6p the session before, a gain of 1.1%, which values the company at about £70m. The market has not yet opened, so how the shares react to the update is not yet known.

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The statement itself says only that profit will be in line with current market expectations. The £6.6m is the average of analyst forecasts compiled by the company on the 30th of September, which ran from £6.5m to £6.7m. The figure is not a reported result.

Sales including CTD, the trade tile retailer it bought in 2024, fell about 1.3% to about £292m. Excluding CTD they rose 0.7% to about £267m. Like-for-like sales, meaning sales from stores open over a year, plus online, slipped 0.1% at Topps Tiles. Extreme heat weighed on the fourth quarter, and like-for-likes improved in September.

Topps said it outperformed the market. UK home improvement spending fell about 1.7% between October 2025 and August 2026, according to the Barclays UK Consumer Spend Report.

Within the group, Pro Tiler Tools, the group’s tiling tools and consumables business, reached a record of about £42m, up 18.2%. Online made up 22.7% of sales including CTD, up 3.7 percentage points, and new hard-surface categories grew 9.1%. CTD, the trade business, now trades from 23 stores, down from 31 a year earlier.

Topps said its programme of savings across stores, labour and head office is complete, and that Fired Earth, a premium interiors and tile brand it acquired, added to profit.

The update contains no outlook statement. The figures are approximate, exclude VAT and are stated before year-end adjustments.