Wickes Group Exceeds Expectations with Volume-Led Growth in 2025, Shares Gain

Wickes Group (LON: WIX) has released a trading update for the six months ending December 27, 2025, showcasing robust sales growth across all business segments.

The company anticipates its adjusted profit before tax (PBT) for the full year 2025 to align with market forecasts.

Group revenue saw a notable increase of 6.3% year-on-year in the second half of 2025, driven by increased volumes. This performance underscores Wickes' ability to attract customers seeking value, convenience, and speed in their home improvement projects.

Retail revenue grew by 6.2% in H2 2025, contributing to a full-year revenue of £1,209 million. This growth was achieved despite a mildly deflationary pricing environment, indicating strong volume growth and market share gains. Like-for-like (LFL) revenue growth in Retail stood at 5.1% for H2 and 5.7% for the full year.

The Design & Installation segment also demonstrated positive momentum, with revenue increasing by 6.9% in the second half, resulting in £427 million for the full year. LFL growth in delivered sales reached 6.1% in H2, marking three consecutive quarters of positive growth.

Key Financial Highlights:

• Revenue: Group revenue reached £1,636 million for FY25, a 5.9% increase year-on-year.
• TradePro: Sales within the TradePro segment surged by 8% year-on-year, with active members increasing by 11% to 643,000.
• Balance Sheet: Wickes maintains a strong balance sheet with net cash of £92 million at year-end, following a £20 million share buyback program.

The company's strong cash position, supported by a healthy order book in Design & Installation and the phasing of capital investments, provides financial flexibility. The average cash balance across the year was £153 million, reflecting the normal working capital cycle.

CEO David Wood commented, “This has been another period of good sales growth for Wickes, underlining a year of strong progress against our strategy… As we continue to invest in our growth levers, we remain on track to meet market expectations for the full year and look forward to supporting even more customers with their home improvement projects in the year ahead.”