London · Delayed Price · Currency is GBP · Price in GBX Topps Tiles Earnings Call Transcripts
Fiscal Year 2025
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Record sales and profit growth driven by digital expansion, trade focus, and successful integration of acquisitions. CTD and Tile Warehouse targeted for profitability in FY 2026, with strong cash position and continued investment in digital and premium brands.
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Group sales grew 4% YoY in H1, with strong online and trade performance, and CTD integration progressing post-CMA. Profit and EPS improved, and current trading in H2 is robust. Outlook remains positive, with higher margins and continued dividend commitment.
Fiscal Year 2024
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Mission 365 aims for £365m sales and 8%+ net margins, expanding into hard surfaces and B2B. FY24 saw a 5% sales drop but outperformed a weak market, with strong trade and online growth offsetting consumer softness. Dividend payout remains at 100% of EPS, supported by a robust balance sheet.