The Travis Parkins Plc Board is recommending an interim dividend of 4.5 pence per share (2024: interim dividend of 5.5 pence per share), in line with the Group's policy to pay a dividend of 30-40% of adjusted earnings. The dividend will be paid on 7 November 2025 to shareholders on the register as at close of business on 3 October 2025.
Other financial highlights include:
● Group revenue declined by (2.1)% driven primarily by operational challenges in the early part of the year
● Actions to drive volume in Merchanting taking effect, with Merchanting like-for-like sales (1.0)% in Q2 (versus (3.2)% in Q1) and market share decline arrested
● Proactive management of overheads to mitigate cost inflation and increased employer national insurance contributions
● Further progress in Toolstation UK with operating profit increasing 50% to £21m
● Overall, lower volumes in Merchanting resulted in adjusted operating profit of £63m (2024: £83m)
● Statutory operating profit of £59m (2024: £48m)
● The Group expects to deliver a full year adjusted operating profit (including £8m of property profits) broadly in line with current market expectations
● New leadership structures implemented and highly experienced CEO, Gavin Slark, to join the Group on 1 Jan 2026
