Wickes Group (WIX) Q2 2025 TU earnings summary

Executive summary

• Group revenue for H1 2025 increased by 5.6% year-on-year, driven by volume-led growth across all business areas.

• Retail sales rose 6.8% year-on-year, with strong performance in timber, garden maintenance, and decorating.

• Design & Installation returned to positive like-for-like sales growth in Q2, resulting in H1 revenue up 2.1% year-on-year.

• Market share reached record levels, supported by increased customer demand and successful execution of growth strategies.

Financial highlights

• H1 2025 Group revenue: £847.9m, up 5.6% year-on-year; Retail revenue: £634.4m, up 6.8%; Design & Installation revenue: £213.4m, up 2.1%.

• Retail like-for-like revenue growth was 6.4% for H1; Design & Installation like-for-like revenue declined 1.0% for H1 but returned to growth in Q2.

• TradePro sales increased 10% year-on-year, with active members up 11%.

• Net cash at half year stood at £158.0m, up from £152.4m in 2024.

Outlook and guidance

• Confident in meeting 2025 consensus expectations for adjusted PBT, currently at £48.3m (range: £46.7–51.5m).

• Ongoing investment in technology and store expansion, with 5–7 new stores planned for 2025.

• Continued focus on productivity and digital initiatives to support profitable growth.