Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Topps Tiles posts adjusted sales of GBP 265M, up 6.8% year-on-year.
  • Total sales, including CTD reach GBP 296M, a 17.7% increase year-on-year.
  • CEO designate Alex Jensen joins the Group, supporting transition alongside Rob Parker.

Topps Tiles Plc (LSE:TPT), a UK tile specialist, released a trading update for the 52-week period ended 27 September 2025. The group reported another record year of turnover, with adjusted sales reaching approximately GBP 265M, reflecting a 6.8% increase compared to the previous year. Including CTD, total group sales reached GBP 296M, up 17.7% year-on-year. The 2025 performance contributes to the group’s medium-term 'Mission 365' target of GBP 365M in total sales with an adjusted profit before tax margin of 8–10%.

Strategic Developments

During the year, the company made progress in modernizing the trade digital experience, supporting the growth of Pro Tiler Tools and enhancing its business-to-business sales focus. In CTD, two of the four sites required for disposal by the CMA were sold in September, with the remaining two expected to be completed soon. The CMA’s oversight will formally end following these disposals.

Management Changes

Alex Jensen became CEO designate of Topps Group on 15 September and will collaborate with Rob Parker until year-end to facilitate a seamless transition.. Recruitment for a permanent CFO is ongoing, with an announcement expected before the year-end.

Outlook and Results Announcement

The group expects to maintain its trading momentum into 2026, supported by sales growth, strategic initiatives, and a positive balance sheet.