Wickes Group plc (LSE:WIX) reported a robust second half performance in 2025, with group revenue rising 6.3% year on year to £788m and full-year revenue increasing 5.9% to £1.64bn. Growth was largely volume-led, achieved against a mildly deflationary pricing backdrop.
Retail revenue increased by 6.2% in the second half as Wickes continued to gain market share, reaching a record level. TradePro remained a key driver, with sales up 8% and the number of active TradePro members growing 11% to 643,000. DIY sales also contributed, delivering mid-single-digit growth. The Design & Installation division reported second-half revenue growth of 6.9%, supported by enhancements to the kitchen and bathroom ranges and sustained momentum in both ordered and delivered sales, extending a run of consecutive quarters of positive like-for-like growth.
The group continued to invest in its strategic growth initiatives, opening five new stores during the year, completing one full refit and refreshing a further five locations. As a result, around 83% of the estate is now in the new store format. Financially, Wickes ended the year with net cash of £92m after completing a £20m share buyback, while average cash of £153m was supported by a healthy order book. The company expects adjusted profit before tax for 2025 to be in line with market expectations, underlining management’s confidence in the business strategy and its ability to balance growth with balance sheet strength.
In terms of outlook, Wickes benefits from strong technical momentum and shareholder-friendly actions such as share buybacks. However, overall financial performance remains moderate, reflecting relatively high leverage and uneven revenue trends. Valuation metrics point to potential overvaluation, although the dividend yield provides some offset.
More about Wickes Group
Wickes Group plc is a digitally led, service-enabled home improvement retailer operating around 230 “right-sized” stores across the UK, supported by its website and mobile applications. The business serves three main customer segments: local trade professionals through the TradePro programme, DIY customers within its Retail division, and larger project-led work such as kitchens, bathrooms and solar installations through its Design & Installation segment, positioning the group to benefit from long-term structural demand in home improvement.
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