Likewise Group (LIKE) H2 2025 earnings summary

Executive summary

• FY25 revenue rose 9% to £163.1m; underlying PBT increased 56% to £3.1m, while operating cash generation reached £8.8m.

• Sales grew 15% in January–March 2026, with April maintaining similar momentum; capacity investments support market-share gains and growth toward £250m.

Financial highlights

• Revenue increased to £163.1m from £149.8m; underlying EBITDA rose to £10.4m from £8.8m and underlying PBT to £3.1m from £2.0m.

• Net cash generated from operating activities increased to £8.8m from £7.2m.

• Recommended final dividend increased 10% to 0.275p per ordinary share; total FY25 dividend rose 10% to 0.4125p per share.

Outlook and guidance

• Sales were up 15% in January–March 2026, with April maintaining similar momentum.

• The Board sees potential to exceed the original £200m sales target, with Newport capacity supporting growth toward £250m and beyond.

• Existing infrastructure at Leeds, Newport and Derby was presented as sufficient to support growth; Newport cutting capacity is expected to add 30%.

• Price increases were planned from 1 May to address raw-material, finished-product and operating-cost inflation.

• Global uncertainty makes near-term conditions difficult to predict; supplier relationships, supply-chain experience and a robust balance sheet support confidence in market-share gains.