Sanderson Design Group (SDG) delivered FY25 results in line with the guidance issued in its February trading update, with a better-than-guided year-end net cash figure of £5.8m. While group revenues declined 8%, Licensing had a record year at £11.0m, which underpinned the group’s profit performance. On the tariff front, SDG does not expect a material direct impact. The group has started the new financial year strongly in the US, with the UK and Northern Europe performing in-line, and anticipates that FY26 performance will be in line with its expectations.