Wickes Group H2 Earnings Call Highlights

• Strong FY2025 results: Revenue roseate 5.9% to £1.64bn and adjusted PBT accrued 14.4% to £49.9m, driven by volume-led retail and D&I growth, a 44bp gross borderline betterment and an 11% emergence successful operating profit.

• Ambitious store enlargement and higher CapEx: Management raised the long‑term store people to 300 (smaller 15–20k sq ft formats) and plans to accelerate openings from 2028, with 2026 CapEx guided to £40–45m and medium‑term spot CapEx rising ~£20m p.a. for rollout.

• Cash, returns and allocation priorities: Year‑end currency was £92m, the full‑year dividend was maintained astatine 10.9p, the radical completed a 20m stock buyback and announced a further 10m (the "last 1 for the clip being"), portion prioritizing higher‑growth CapEx and investing ~£8m successful technology.

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Wickes Group (LON:WIX) executives told investors the location betterment retailer delivered what CEO David Wood described arsenic a “stellar year” successful the 52 weeks ended 27 December 2025, with maturation crossed some its retail and plan & installation (D&I) operations and a step-up successful profits driven by volume-led income gains.

Management said the group’s 5.9% income summation supported operational leverage, lifting adjusted nett earlier taxation (PBT) 14.4% to £49.9 million. The institution besides reiterated its volition to summation concern successful its store estate, including a revised semipermanent people of 300 stores crossed the UK compared to the erstwhile ambition of 250.

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CFO Mark George reported gross of £1.64 billion, up 5.9% versus 2024, including 6.5% maturation successful retail and 4.4% maturation successful delivered D&I sales. He said the company’s gross borderline complaint accrued 44 ground points, contributing to a 7.2% year-over-year summation successful gross profit.

Operating costs roseate 6.7%, which absorption attributed to outgo headwinds including higher National Living Wage and National Insurance costs. George said productivity savings of £12.4 cardinal helped offset ostentation but did not afloat neutralize it. The institution besides accrued concern successful exertion by astir £8 million, which absorption framed arsenic gathering foundations for aboriginal growth.

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Even with those investments, the institution reported an 11% summation successful operating nett and a 14.4% emergence successful adjusted PBT, which absorption said demonstrated “healthy operational leverage.”

In retail, George said like-for-like maturation was again driven exclusively by volume, with “mild deflation” for astir of the year. Both TradePro and DIY contributed to growth, with progressive TradePro rank rising to 643,000 and TradePro income up 9%. DIY income grew successful the “mid-single digits,” according to management.