Likewise Group (LIKE) Pre-close call summary

Executive summary

• 2025 sales rose 8.6%; the flooring division grew 13.3%, with management citing a positive start to 2026 and opportunities to exceed £200m revenue.

• Expanded capacity, nationwide coverage and a larger sales team underpin plans to capture further market share.

Trading performance and revenue trends

• 2025 sales increased 8.6%, while the flooring division was up 13.3%.

• Trading followed seasonal patterns: spring was strong, summer exceeded prior years despite heat-related challenges, and October–December were the busiest months.

• January is seasonally quieter, but management reported a particularly positive start to 2026.

Balance sheet and liquidity position

• Management described the balance sheet as strong and said principal banks support potential future investment; shareholders have also been supportive of suitable opportunities.