- Topps Tiles
- 01 October 2025 08:02:21
Source: Sharecast
The company, which appointed a new chief executive (Alex Jensen) just last month, said in a pre-close trading update on Wednesday that revenues over the 52 weeks to 27 September were up 6.8% at £265m.
Including the CTD brand, which was acquired earlier this year, group sales were 17.7% higher at £296m.
Each division (Topps Tiles, Parkside, Online Pure Play and CTD) reported sequential growth in the second half, with like-for-like sales growth at Topps in particular rising from 3.0% to 7.7%.
Margins have also improved in the second half, though additional costs related to increases in the National Living Wage and National Insurance Contributions – which took effect in April – along with increases in performance-related pay, mean adjusted profits should be in line with the consensus forecast range of £8.3m-9.2m.
"Overall, the group's improving trading momentum, strategic progress and strong balance sheet leave it well positioned to continue to grow sales and profit into 2026," Topps said.
Shares were up 5% at 36.85p in early deals in London.