Sanderson Design Group (SDG) has reported a small increase in adjusted underlying PBT to £2.24m for the six-month period ending 31 July 2025. This was achieved despite trading headwinds adversely affecting Brand sales and a 60bps decline in group gross margin, thanks to the group’s focus on operational cost savings. The improving Brand sales trend seen at the end of H1 has continued, with the first nine weeks of H2 seeing a 5% constant currency (CC) increase, underpinning the board’s confidence in meeting full-year expectations. Our profit forecasts are therefore unchanged.