Slide 1: 2025 Full Year Results
2025 Full Year Results 17 March 2026
Slide 2: Introduction
Introduction David Wood Chief Executive Officer
Slide 3: Agenda
Agenda Key highlights 1 David Wood Page 4 Financial Review 2 Mark George Page 5 Business Update 3 David Wood Page 13 Scaling up our ambition 4 David Wood Page 21 Summary, Q&A 5 David Wood & Mark George Page 28 3
Slide 4: Strong volume-driven outperformance; Adj PBT +14%; Accelerating investment in growth
Strong volume-driven outperformance; Adj PBT +14%; Accelerating investment in growth • Both Retail and D&I outperforming ○ Continued Retail volume growth; Record market share ○ D&I momentum from self-help actions, with fifth consecutive quarter of ordered sales growth1 • Revenue growth driving operat
Slide 5: Financial Review
Financial Review Mark George Chief Financial Officer
Slide 6: Strong sales performance delivering increased profits and good shareholder returns
Strong sales performance delivering increased profits and good shareholder returns Revenue £1,636.2m Strong balance sheet Adj.gross margin £92m YE cash Growth +5.9% +44 basis points £153m average cash Retail1 revenue +6.5% Adjusted PBT FY dividend 10.9p Design & Installation2 £49.9m £20m share buybac
Slide 7: Sales growth enabling increased investment and profit growth
Sales growth enabling increased investment and profit growth £m1 FY 2024 FY 2025 Change % • Strong sales growth in both Retail Revenue 1,544.5 1,636.2 5.9% and Design & Installation Retail 1,135.2 1,208.9 6.5% Design & Installation Ranges 409.3 427.3 4.4% • Gross margin +44bps as a result of volume g
Slide 8: Volume-driven revenue growth in Retail throughout 2025
Volume-driven revenue growth in Retail throughout 2025 Retail (Trade & DIY) • Significant increase in market share 6.8% 6.5% 6.2% • LFL driven by volume growth • TradePro sales +9% with active TradePro members increasing to 643k • DIY sales in mid-single digit growth Retail Q1 Q2 Q3 Q4 FY Volume/mix1
Slide 9: Design & Installation return to growth in LFL sales
Design & Installation return to growth in LFL sales 1 Design & Installation • Customers reacting positively to 6.9% enhancements in kitchen and bathroom 4.4% proposition 2.1% • Ordered sales2 in 5th consecutive quarter of growth ○ Continued momentum ○ Annualising return to ordered sales growth in Q4
Slide 10: Strong sales momentum delivering 14.4% growth in PBT
Strong sales momentum delivering 14.4% growth in PBT • Retail trading margin growth from Revenue & trading margin increase in sales and higher gross margin rate • Recovery in D&I sales leading to year-on-year increase in margin • Increase in volume-related costs across distribution and stores • Infla
Slide 11: Cash generation supports significant investment programme & shareholder returns
Cash generation supports significant investment programme & shareholder returns • Working capital benefit supported by healthy D&I order £153m book average cash • Phasing of some capex projects shifts spend into 2026 ○ 2025 spend of £29m vs guidance c.£30-35m3 ○ 2026 guidance c.£40-45m3 • £12.5m purch
Slide 12: Outlook and guidance for 2026
Outlook and guidance for 2026 Outlook • Trading in first 11 weeks of 2026 reflects strength of balanced business model ○ Outdoor project demand impacted by wet weather ○ Continued volume growth across indoor projects and D&I • Remain comfortable with consensus expectations for 2026 adj.PBT1 Technical
Slide 13: Business Update
Business Update David Wood Chief Executive Officer
Slide 14: Winning strategy based on balanced business model and proven growth levers
Winning strategy based on balanced business model and proven growth levers 14
Slide 15: Current market trends
Current market trends Local Trade Design & Installation DIY 1 in 2 consumers plan to Trade pipelines remain Planned spend has been decorate a room this year1 healthy: Over 30% of stable over recent months, tradespeople have work for whilst remaining below c60% expect faster deliveries >12 months1 hi
Slide 16: Customers continuing to choose Wickes, driving volume growth in Retail
Customers continuing to choose Wickes, driving volume growth in Retail 1 • TradePro sales +9% on increased customer volumes ○ Growth in active members to 643,0001 • Broadening DIY appeal through category development in paint, hardware, power tools and garden • Very strong Customer Satisfaction metri
Slide 17: Clear strategy and outstanding execution delivering record market share
Clear strategy and outstanding execution delivering record market share 1 17 1) Source: GfK GB point of sale data, sourced from GfK DIY Category Reporting December 2025.
Slide 18: Momentum in D&I delivered sales through a winning proposition
Momentum in D&I delivered sales through a winning proposition 2 • Customers reacting positively to enhancements made ○ Digital and store enhancements to customer journey ○ Ongoing range development ○ 8 new ranges in Lifestyle Kitchens ○ Premium Paint to Order in Bespoke Kitchens ○ Trustpilot rating
Slide 19: Investment in new stores and refits driving growth
Investment in new stores and refits driving growth Dunfermline • Five new stores in 20251 ○ Leeds Moor Allerton, Q2 ○ Bury St Edmunds, Q3 ○ Dunfermline, Q3 ○ Southport, Q4 ○ Northampton Riverside, Q4 • Refitted/refreshed 11 stores in 2025 ○ c83% of estate now in new format Under previous ownership • P
Slide 20: 'Built to Last' Responsible Business strategy
‘Built to Last’ Responsible Business strategy UK’s #1 retailer Supported 2,500 New charity partner Recognition Europe’s Best local community Raised £1m towards Improved results in Employers 2025 projects £2m 2-year target1 ESG ratings assessments 20 1) Raised £909k April-December 2025 and subsequent
Slide 21: Scaling up our ambition
Scaling up our ambition David Wood Chief Executive Officer
Slide 22: Large UK markets with potential to grow share materially
Large UK markets with potential to grow share materially Retail Design & Installation Total Home Kitchens & Home energy3 £35bn Products improvement1 £19bn bathrooms2 £7bn £2bn £28bn Total Installation addressable – £4bn £3bn £7bn services market Total £19bn £11bn £5bn £35bn With c5% share of the £35
Slide 23: Strong foundations and performance leading us to accelerate our network rollout
Strong foundations and performance leading us to accelerate our network rollout Going further & Strong Proven ability to faster performance of operate existing & new successfully in Increased stores smaller footprint ambition to 300 stores stores 23
Slide 24: Encouraging performance of new store cohort
Encouraging performance of new store cohort Leamington Spa • Confidence from cohort of new stores ○ Stores performing well ○ 13 stores opened in 3.5 years1 • Revenue & margins maturing and on track to meet returns expectations ○ Target 25% ROCE in year 5 • Ongoing rollout ○ White space opportunities
Slide 25: Ability to operate successfully, with full range, in smaller footprint stores
Ability to operate successfully, with full range, in smaller footprint stores • Successfully trading with full Wickes format in smaller footprint stores Staines ○ Full customer proposition ○ Existing sites of this size performing well • Access to greater number of potential target locations ○ Catchm
Slide 26: Greater store growth opportunity
Greater store growth opportunity • Securing property pipeline, with rollout to accelerate from 2028 onwards 300 stores ○ Anchor tenant, very strong 5A1 covenant ○ Commercial negotiations, planning permissions, 250 stores construction • Access to smaller catchments enables new ambition for 300 stores
Slide 27: Increased growth investment, within established capital allocation framework
Increased growth investment, within established capital allocation framework • Opportunity for enhanced investment into the business ○ Going further & faster on proven new 1. Strong balance sheet 2. Investing in the business store rollout and refits/refreshes Net cash at all times Capex 2-3% of sales
Slide 28: Summary
Summary David Wood Chief Executive Officer
Slide 29: Distinctive business model underpins profit growth and cash generation
Distinctive business model underpins profit growth and cash generation • Highly differentiated business model ○ Continuing to win market share ○ Volume growth driving operational leverage • Headroom to increase market share ○ £35bn total addressable market ○ Only c5% market share ○ Going further & fa
Slide 30: Q&A
Q&A
Slide 31: Appendix
Appendix
Slide 32: A balanced business supporting three customer propositions
A balanced business supporting three customer propositions 32
Slide 33: Our 4C customer service model
Our 4C customer service model Order Fulfillment Orders picked and ready for collection or delivery Assisted Selling Support to find exactly what you need Design & Installation Space to dream and visualise Self Serve your project with expert help at Simple, quick and easy to hand shop 33
Slide 34: How we deliver our unique customer proposition
How we deliver our unique customer proposition 34
Slide 35: Sustainable competitive advantage driving investment returns
Sustainable competitive advantage driving investment returns 35
Slide 36: Disclaimer
Disclaimer This presentation has been prepared by Wickes Group Plc. This announcement may include statements that are, or may be deemed to be, "forward-looking statements" (including words such as "believe", "expect", "estimate", "intend", "anticipate" and words of similar meaning).To the extent it