FY25 results are in line with the October trading update and consensus expectations for PBT of £9.2m (Zeus estimate £9.0m). Group revenue of £265m, excluding CTD, (FY25: £251.8m) is up 6.8% yoy and was ahead of Zeus’ estimate of £262.4m. The Group saw an improving trend across the year with H2 materially better than H1. Reassuringly, the Topps Tiles brand grew 5.3% L4L to £218.6m with the Commercial and Online businesses continuing to see double digit growth. Trading has slowed since the year en ....
