The Dunelm Group Plc Board has proposed a final ordinary dividend of 28 pence per share. This takes the full year ordinary dividend to 44.5 pence per share, an increase of 2.3% compared to the prior year (FY24: 43.5 pence per share). Dividend cover of 1.73× is very slightly below the Group's targeted minimum of 1.75×. The Board considers this level appropriate in order to reflect ordinary dividend growth broadly aligned to PBT growth of 2.7%. The final dividend will be paid on 25 November 2025. The ex-dividend date is 30 October 2025 and the record date is 31 October 2025. Including a special dividend of 35 pence per share announced at their interim results, they declared total dividends of 79.5 pence per share during the year.
Other financial highlights include:
Sales of £1,771m, up 3.8% on FY24:
o Increased share of the combined homewares and furniture markets to 7.9% (FY24: 7.7%)
o Balanced sales growth, with increases in both volumes and average item values driven by product and category mix
o Growth in active customers of 80bps year-on-year, alongside higher frequency
o Digital sales 40% of total sales (FY24: 37%), with strong growth in Click & Collect
Strong gross margin of 52.4% (FY24: 51.8%) demonstrating our commercial and operational grip
Profit before tax up 2.7% to £211m; stable PBT margin of 11.9% (FY24: 12.0%) after absorbing inflationary headwinds
Free cash flow of £127m (FY24: £132m); improved operating cash flows offset by higher capital investment
