Topps Tiles, the Leicester-based tile specialist, has made “good progress” across key growth areas in its half year results, focused on modernising the trade digital experience, expanding into new coverings categories, business-to-business sales, and the Pro Tiler Tools and Tile Warehouse businesses.
According to unaudited consolidated interim financial results for the 26 weeks ended 29 March 2025, adjusted sales (excluding the financial impact of the firm’s acquisition of CTD) increased by 4.1% to £127.8 million, with an improving trend across the first and second quarters.
Adjusted profit before tax, meanwhile, was up 3.2% at £3.2 million.
Topps Tiles has also hailed a strong start to the second half, with adjusted sales in the first seven weeks up 9.5% year-on-year.
Rob Parker, Chief Executive, said: “I am pleased with the progress we have made over the first half, which has included an improving sales trend, offsetting the majority of our inflationary cost pressures, and continuing to deliver our strategy; while also delivering a small increase in underlying profitability.
“We have recently announced the conclusion of the CMA investigation into our acquisition of CTD, which will form a major part of the business-to-business element of our growth strategy moving forwards.
“As we look forward to the second half, current trading shows a strong improvement in both our market leading omni-channel business, Topps Tiles, and also in the newer parts of the Group; and we have a clear plan to move CTD into profitability by the final quarter of our financial year and into growth beyond that.
“As a result, we expect our full year profits to show a meaningful improvement over the prior year.”
