Performance Highlights
Solid first half trading, despite a challenging environment
Sales growth of 3.6%, with total sales increasing to £926m (FY25 H1: £894m)
Sales growth ahead of the combined homewares and furniture market, with market share up 20bps to 7.9% (FY25 H1: 7.7%)
Digital participation up 2ppts to 41% (FY25 H1: 39%)
Strong gross margin of 53.4% (FY25 H1: 52.8%), up 60bps largely driven by FX gains with retail prices held broadly stable
Profit before tax of £114m (FY25 H1: £123m); down year-on-year reflecting the softer trading in Q2 and the timing of certain costs
Free cash flow of £171m (FY25 H1: £169m); including timing benefit of £93m (FY25 H1: £88m)
Interim ordinary dividend per share of 17.0 pence (FY25 H1: 16.5 pence), an increase of 3.0%
Special dividend of 25.0 pence per share (FY25 H1: 35.0 pence)
