On 24 September 2025, the Board declared an interim dividend for FY25 of 1.2 pence per share which was paid on 11 December 2025 to shareholders on the register on 1 November 2024.
At the Annual General Meeting on 19 June 2025, the Board will recommend to shareholders a final dividend of 3.6 pence per share for the year. If approved, the dividend will be paid on 27 June 2025 with a record date of 30 May 2025.
Other financial hightlights include:
Group revenue growth of +6.2% to £542.5 million for the full year (FY24: £510.9m):
o Total store revenue up +5.8% including positive contribution from +32 net new stores.
o LFL Store revenue grew +3.4% through combination of range expansion and development, as well as targeted pricing action.
o Partnerships revenue of £22.2 million in FY25 (FY24: £17.0 million) includes contributions from Garlanna, acquired in September 2024, and Garven, acquired in December 2024, both of which are delivering in line with their expectations.
Gross profit of £193.8 million (FY24: £184.9m) with margins broadly maintained vs. FY24, as they successfully mitigated the majority of increased freight costs and a c.10% increase in National Living Wage.
Adjusted PBT growth of +6.3% to £66.0 million (FY24: £62.1m) reflects the disciplined management of operating costs and the benefits of our ongoing efficiency and productivity programme.
Good cash performance with adjusted free cash flow ahead of FY24 at £29.0 million (FY24: £27.1m).
Net debt (exc. lease liabilities) increased by £24.5 million to £58.9 million (FY24: £34.4m), reflecting the combined expenditure of £43.0 million on acquisitions and dividends.
Capex investment in FY25 of £18.4 million (FY24: £27.8m) enabled strategic progress through store estate development and IT infrastructure.
