Kingfisher (KGF) Investor presentation summary

Strategic overview and market positioning

• Operates leading banners in the UK, Ireland, France, and Poland, with #1 or #2 market positions and a total addressable market of £160bn.

• Distinctive advantages include own exclusive brands, digital ecosystem, and scale in sourcing.

• Strategic growth drivers focus on trade, e-commerce, and retail media, delivering market share gains.

• Medium-term priorities: sales and adjusted PBT to grow ahead of markets, with strong free cash flow generation.

Financial performance and guidance

• H1 25/26 sales reached £6.8bn (+0.9%), adjusted PBT £368m (+10.2%), and free cash flow £478m (+13.5%).

• Underlying LFL sales grew 1.9%, with adjusted EPS up 16.5% to 15.3p; net leverage reduced to 1.3x.

• Upgraded FY 25/26 guidance: adjusted PBT now £540m–£570m, free cash flow £480m–£520m.

• Q3 trading update: LFL sales +0.9%, trade sales +12.1%, e-commerce sales +10.2%.

Operational highlights and category performance

• UK & Ireland: B&Q LFL +4.4%, Screwfix LFL +3.0%, driven by trade and e-commerce initiatives.

• France: Castorama and Brico Dépôt showing sequential improvement, with e-commerce sales up 20% and trade sales up 37%.

• Poland: LFL -2.1%, but core category trends improving and big-ticket supported by new kitchen ranges.

• Other International: Screwfix France store LFL +52%, Iberia sales +10.2%.