Earnings release
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1 October 2026 Topps Tiles Plc Full Year Trading Update Continued strategic progress with profitability in line with guidance despite challenging market Topps Tiles Plc ( “ Topps Group ” , or the “ Group ” ) , the UK's leading tile specialist , provides a trading update for the 52 - week period ended 26 September 2026 . Group revenue ' , including CTD² , was c . £ 292 million for the year , down c.1.3 % year on year , reflecting the annualisation of prior - year CTD store closures and the previously announced closure of underperforming Topps Tiles stores . Group revenue , excluding CTD , was c . £ 267 million , up c.0.7 % year on year despite challenging market conditions . Topps Tiles delivered resilient like - for - like revenue³ down c.0.1 % , with fourth - quarter trading affected by periods of extreme heat . Like - for - like sales improved in September and Topps Tiles continued to outperform the wider market “ , which declined by approximately 1.7 % over the financial year . Pro Tiler Tools ' delivered record revenue of c . £ 42 million , up c.18.2 % year on year . The Group expects Adjusted Profit Before Tax³ for the full year to be in line with current market expectations . Significant progress has continued to be delivered across our key priorities , including : Completion of the previously announced self - help programme , including store network optimisation , introduction of a lower - cost and more flexible labour model , and consolidation of head office roles , supporting improved profitability . Continued advancement of the Group's digital and data strategy , with online revenue , including CTD , reaching c.25.6 % of Group revenue in Q4 FY26 and full year increasing by c.3.7 percentage points year on year to c.22.7 % . Strengthened trade proposition through new Topps Tiles Trade App , achieving downloads of over 46,000 to date . Group trade revenue ( including CTD ) was down c.1.4 % year on year , with periods of extreme heat temporarily disrupting activity among housebuilders and traders in Q4 FY26 . Revenue from new hard - surface categories grew by c.9.1 % year on year , driven by acoustic panels , outdoor tiles and shower panels , with a new luxury vinyl tile product range added in Q4 FY26 . Successful acquisition and integration of Fired Earth which was profit accretive in the year . Notes : 1 . 2 . Revenue and revenue growth for the 2026 financial year are stated excluding VAT and are before year end accounting adjustments including revenue recognition , loyalty scheme accounting and customer returns provisions . On 19 August 2024 , the Group acquired the CTD Tiles brand and certain assets from CTD Tiles Limited . CTD currently trades from 23 stores , compared with 31 in the prior year , following commercial property decisions and the disposal of four stores required by the Competition and Markets Authority . 3. Topps Tiles like - for - like revenue is defined as online revenue generated through Topps Tiles ' digital channels , and revenue from Topps Tiles stores that have been trading for more than 52 weeks , compared to the same period in the previous year . 4 . Market performance is based on Barclays UK Consumer Spend Report for Home Improvements & DIY , covering October 2025 to August 2026 , the latest data available at the date of this announcement . 5. Adjusted profit before tax excludes items that are either one - off in nature or fluctuate significantly from year to year . Further details of the Group's alternative performance measures will be provided in the full - year results announcement .