Topps Tiles (TPT) Q4 2026 TU earnings summary

Executive summary

• Group revenue including CTD was approximately £292 million for the year, down 1.3% year-over-year, reflecting prior-year CTD store closures and underperforming store closures.

• Revenue excluding CTD rose 0.7% year-over-year to about £267 million, with like-for-like revenue down 0.1% amid challenging market conditions and extreme heat in Q4.

• Pro Tiler Tools achieved record revenue of £42 million, up 18.2% year-over-year.

• Adjusted profit before tax is expected to be in line with market expectations.

• Successful acquisition and integration of Fired Earth, which was profit accretive during the year.

Financial highlights

• Group revenue including CTD: £292 million, down 1.3% year-over-year.

• Group revenue excluding CTD: £267 million, up 0.7% year-over-year.

• Pro Tiler Tools revenue: £42 million, up 18.2% year-over-year.

• Adjusted profit before tax consensus for FY26: £6.6 million (range: £6.5–£6.7 million).

• Online revenue reached 25.6% of group revenue in Q4 and 22.7% for the full year, up 3.7 percentage points year-over-year.

Outlook and guidance

• Adjusted profit before tax for the full year is expected to be in line with current market expectations.

• Like-for-like sales improved in September, with continued outperformance versus the wider market, which declined by 1.7% over the year.