SIG (SHI) Q3 2025 TU earnings summary

Executive summary

• Like-for-like revenue in Q3 was flat year-over-year, with year-to-date growth at 1%.

• Underlying operating profit outlook for the full year remains unchanged and in line with market expectations.

• New CEO and Chair designate Pim Vervaat joined on 1 October 2025.

Financial highlights

• Group LFL sales were flat in Q3, with underlying volumes up 1%.

• Net 1% reduction in pricing in Q3, consistent with H1.

• Company-collated analyst expectations for FY25 underlying operating profit (EBIT) are £31.6m, within a range of £30m to £35m.

Outlook and guidance

• Full year underlying operating profit expectations are unchanged.

• Productivity and cost initiatives underpin the profit outlook.

• The Group is well positioned to benefit from market recoveries when they occur.