Wickes Group (LSE:WIX) reported a 5.9% increase in revenue for 2025 to £1.64bn, supported by solid volume growth across its Retail and Design & Installation divisions. Adjusted pre-tax profit climbed 14.4% to £49.9m, with margins also strengthening during the period. The group retained a healthy net cash position, held its full-year dividend steady, and announced a new £10m share buyback programme in addition to planned purchases under its employee share scheme.
TradePro membership expanded to 643,000 during the year, helping Wickes achieve record retail market share in key categories including timber, tiling, flooring and paint. The Design & Installation segment also recorded continued growth in both ordered and delivered sales. To support future expansion, the company is stepping up investment in technology alongside its established store refit and rollout strategy, with plans to increase its estate from 230 to 300 locations. The expansion programme is expected to create more than 2,000 jobs and strengthen Wickes’ ability to compete in the UK’s large but highly competitive home improvement sector.
The company’s outlook benefits from strong share price momentum and supportive corporate actions such as the share buyback programme. However, financial performance remains somewhat mixed due to relatively high leverage and uneven revenue growth. Valuation metrics also indicate the possibility of the shares trading at a premium, although the dividend yield provides some offset for investors.
More about Wickes Group
Wickes Group is a UK-based, digitally focused home improvement retailer serving trade professionals, DIY customers and clients undertaking larger Design & Installation projects. The business operates 230 stores across the UK, supported by online channels and dedicated apps for trade and DIY users. It targets a domestic market estimated at around £35bn, covering home improvement, kitchens, bathrooms and home energy solutions.
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