Wickes HY PBT rises 17% to £27.3m

Wickes has revealed that its adjusted profit-before-tax rose 16.7% to £27.3m for the half-year ended 28 June 2025, up from £23.4m in the same period last year.

Alongside this, the retailer posted total revenues of £847.9m for the period, an increase of 5.6% from the £803.2m it posted in the same period last year.

Wickes stated that it saw continued strong volume growth in retail with revenue up 6.8%, while self-help actions in design and installation drove the return to LFL growth in Q2.

It saw volume-led revenue growth driven by 10% TradePro sales growth, with increase in active members to 615,000, compared to 541,000 in H1 last year, combined with mid-single digit growth in DIY sales

It also said it had a record retail market share with particular gains in timber, garden maintenance and decorating.

In the period the company opened one new store in a former Homebase site and four refits/refreshes completed. It said that it is making good progress on plans for between five and seven new stores and 10-15 refits/refreshes in 2025.

Looking ahead, Wickes stated that it remains comfortable with current consensus expectations for adjusted PBT in 2025.

This is despite the fact that the phasing of increased people costs and new stores will impact more fully in H2, while its technology investment in SaaS projects will increase P&L costs by £10m on a full year basis.

CEO David Wood said: “Wickes has delivered a strong first half, with volume growth across the group. I would like to thank all of my colleagues for their continued hard work and dedication, providing outstanding customer service and helping the nation feel house proud.

“In retail, we have achieved record market share growth and have prioritised convenience, choice and speed, helping grow TradePro sales by a further 10%. With DIY, our focus on broadening appeal and innovating in strategic categories has seen more customers choose Wickes to bring their home improvement projects to life. In design and installation, the actions we undertook to enhance the customer experience have seen us return to like-for-like sales growth, ahead of the wider market for big ticket items.”

He added: “Our proven strategy is working. Whilst we remain mindful of the cost headwinds facing the sector as a whole, continued investment in our growth levers and digital initiatives means we are well positioned for the future and remain comfortable with market expectations for the full year.”