United Kingdom · Delayed Price · Currency is GBP · Price in GBX Likewise Group Earnings Call Transcripts
Fiscal Year 2026
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H1 revenue rose over 15% to just under £90m, with Q3 sales up 29.1% and underlying PBT at £1.3m. An equity raise and expanding logistics capacity underpin a £300m revenue ambition; FY guidance is at least £5m profit.
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A larger-than-planned ~£30m raise will fund Corby and expand logistics capacity, supporting a target to grow annualized sales from near £200m to £300m. Sales were strong in June and July, and management remained confident in £4m PBT despite at least £0.5m in higher delivery costs.
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2025 sales rose 8.6%, with the flooring division up 13.3% and a positive start to 2026. Growth beyond £200m will require further capacity investment, while organic expansion remains the priority.
Fiscal Year 2025
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FY2025 revenue rose 9% to £163m and profit before tax increased 56% to £3.1m. Trading was up 15% in January–March, with April momentum sustained; new and expanded capacity supports growth toward £250m revenue.
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H1 revenue rose just over 10%, with growth virtually all volume; operating profit and PBT advanced, and cash generation supported a higher interim dividend. Like-for-like sales were up 10.2% to end-August, with expanded capacity underpinning a £250m-plus ambition.
Fiscal Year 2024
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FY2024 revenue rose 7.4% to £150m, with Likewise Floors up 15.5% and gross margin at 30.7%. Sales accelerated into 2025, supporting a stated £200m revenue ambition over the next few years.