Topps Tiles (TPT) H2 2025 TU earnings summary

Executive summary

• Achieved record turnover of approximately £265 million in adjusted sales, up 6.8% year-on-year.

• Total Group sales, including CTD, reached about £296 million, up 17.7% year-on-year.

• All business segments reported improved year-on-year performance in the second half.

• Like-for-like sales in Topps Tiles accelerated to 7.7% growth in H2, up from 3.0% in H1.

• Net positive cash position expected at year-end.

Financial highlights

• Adjusted sales reached £265 million, a 6.8% increase year-on-year.

• Total Group sales, including CTD, were £296 million, up 17.7% year-on-year.

• Like-for-like sales growth for Topps Tiles was 5.3% for the year.

• Adjusted profit for the year expected within market expectations (£8.3m–£9.2m).

• Higher adjusted gross margins anticipated in H2 compared to H1.

Outlook and guidance

• Progressing towards 'Mission 365' goal of £365 million in sales and 8–10% adjusted PBT margin.

• Strong balance sheet and trading momentum position the Group for continued growth into 2026.

• Preliminary results for the year to be announced on 2 December 2025.