Business
Annual Financial Results
Topps Tiles PLC reported a strong financial performance for the 52 weeks ended September 27, 2025, with adjusted revenue increasing by 6.8% to £265.4 million and adjusted profit before tax rising by 46.0% to £9.2 million, leading to an adjusted earnings per share of 3.43 pence. The company achieved a record year of sales at £295.8 million, with trade growth of 28.3% and digital penetration reaching 21.1%. Strategic highlights include the acquisition of the Fired Earth brand for £3 million and progress towards their "Mission 365" goal, with 40% of the revenue growth target achieved. The group also proposed a final dividend of 2.1 pence, a 20.8% increase year-on-year, supported by a robust balance sheet with adjusted net cash of £7.4 million. Disclaimer*
About this update from Topps Tiles Plc
[{"type":"text","content":"\n\n2 December 2025\nTopps Tiles Plc\nAnnual Financial Results\n \nTopps Tiles Plc (\"Topps Group\", the \"Company\" or the \"Group\"), the UK's leading tile specialist, announces its unaudited consolidated annual financial results for the 52 weeks ended 27 September 2025.\n \nStrategic and Operational Highlights\n\n\n\n\n·\n\n\nMarket beating performance with clear progress towards our goal of 'Mission 365' - new record year of sales at £295.8 million and 40% of revenue growth goal achieved\n\n\n\n\n·\n\n\nStrong strategic progress against five key areas of growth - category expansion, Topps Tiles trader digital experience, business-to-business, Pro Tiler, and Tile Warehouse\n\n\n\n\n·\n\n\nTrade growth of 28.3% year-on-year (+14.3% excluding CTD), trade sales now approximately 75% of Group sales\n\n\n\n\n·\n\n\nGroup digital penetration (excluding CTD) of 21.1%, up from 18.5% in FY24\n\n\n\n\n·\n\n\nCTD - CMA investigation concluded, requirement to dispose of four stores - three complete with one imminent, 22 stores remaining, operations fully integrated, growth plans developed and business to move into profit in FY26\n\n\n\n\n·\n\n\nThe Group has acquired the Fired Earth brand, IP, website and an estimated £2.5 million of stock for a consideration of £3 million in November 2025, adding a complementary premium brand to the Group\n\n\n\n\n·\n\n\nNew CEO, Alex Jensen, to assume full responsibility on 8 December, as current CEO Rob Parker retires from the business. \n\n\n\n\n·\n\n\nCFO appointment - Caroline Browne joining in spring 2026. Currently Group Finance & Investor Relations Director at Watches of Switzerland Group Plc. Previous roles include Group Financial Controller at Next Plc and senior finance positions at Boots.\n\n\n\n\n \nFinancial Highlights\n\n\n\n\n·\n\n\nAdjusted revenue1 up 6.8% to £265.4 million, with each part of the business delivering growth\n\n\n\n\n·\n\n\nAdjusted profit before tax1 up 46.0% at £9.2 million, with adjusted* EPS1 up 43.5% to 3.43 pence per share\n\n\n\n\n·\n\n\nFinal dividend proposed of 2.1 pence, full year of 2.9 pence, representing a payout ratio of 85% of adjusted EPS, a 20.8% increase YoY\n\n\n\n\n·\n\n\nDividend supported by robust balance sheet with adjusted net cash of £7.4m at the period end, and £30 million banking facility committed until October ...