Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Kingfisher upgraded its full year adjusted pre-tax profit and free cash flow guidance.
  • Group underlying like-for-like sales grew 1.9% in H1 2025/26.
  • Interim dividend declared at 3.80p per share, unchanged from the prior year.

Kingfisher plc (LSE:KGF) released its unaudited half-year results for six months, that ended on 31 July 2025. The company reported sales of GBP 6,811m compared with GBP 6,756m in the same period last year, reflecting a 0.9% increase in constant currency. Underlying like-for-like sales grew 1.9%, supported by transactions and volume growth.

Gross profit rose to GBP 2,569m from GBP 2,480m, with the gross margin increasing by 100 basis points to 37.7%. Operating profit was GBP 383m, up 2.1% year-on-year. Statutory pre-tax profit increased to GBP 338m from GBP 324m, while statutory basic earnings per share were 13.4p compared with 12.8p a year earlier.

Adjusted metrics showed retail profit of GBP 452m, up 7.5% on a reported basis, with an adjusted pre-tax profit of GBP 368m compared with GBP 334m in the prior year. Adjusted basic earnings per share rose to 15.3p, a 16.5% increase. Free cash flow improved by 13.5% to GBP 478m. Net debt stood at GBP (1,726) m versus GBP (1,952) m in the prior year.

Kingfisher noted sales growth in the UK and Ireland, where B&Q and Screwfix delivered like-for-like increases of 4.4% and 3.0% respectively. Growth trends improved in France and Poland, while market share gains were recorded in the UK, France, and Spain.

The company announced an upgrade to its full-year 2025/26 guidance, now targeting adjusted pre-tax profit at the upper end of the GBP 480m to GBP 540m range. Free cash flow is now expected between GBP 480m and GBP 520m, compared with the previous range of GBP 420m to GBP 480m.

Kingfisher also confirmed the acceleration of its GBP 300m share buyback programmed, with completion expected by March 2026.

Kingfisher shares were trading 18.42% higher at GBX 298.65 per share at the time of writing on 23 September 2025.