Topps Tiles eyes profit growth after first half outperformance
Topps Tiles has said it delivered robust first half revenue growth as it outperformed a weak home improvement market.
In the 26 weeks to 28 March, group adjusted revenue was 11.6% higher year-on-year at £142.6 million despite a “challenging” environment. This included £12.3 million of revenue from its recently acquired CTD Tiles
Subscribe to TRBMeanwhile, adjusted pre-tax profit fell to £2.2 million from £3.2 million in the prior period. However, profit was flat at £2.2 million on a proforma basis, given CTD Tiles trading was a loss of £1 million in the first half of 2025.
Giving an update on more recent trading, Topps Tiles said like-for-like revenue in the first seven weeks of the second half returned to growth with an uplift of 0.6%.
Alex Jensen, Topps Tiles chief executive, said: “Topps remains a market outperformer despite a softer backdrop of weaker consumer sentiment, geopolitical uncertainty and the cumulative impact of cost inflation.
“We are making good progress in delivering our strategic agenda, including a programme of self-help measures weighted towards the second half, and we are accelerating growth in digital, trade and category extensions.
“These actions are designed to support modest year on year profit growth and provide a stronger financial platform for 2027, positioning the group for long-term sustainable profit growth.”
