Likewise Group, one of the UK’s largest flooring distributors, has provided a trading update for the financial year ended 31 December 2025 as well as announcing Director and PDMR dealings as a result of the reinvestment of the interim dividend which was paid by the company on 14 November 2025.
The group is reportedly pleased that sales revenue continued to increase in H2 by 7.4% with a new record month in October resulting in year to date increasing by 8.9%. Likewise Floors says it continues an impressive trajectory with sales revenue increasing by 13.3% in the year to the end of October. This has all been achieved in what would still be considered challenging markets, compounded by the hottest summer on record and demonstrates consistent increases in share over the last five years.
Due to increased costs and an imbalance in the revenue increases across the group’s various activities, underlying profit before tax will fall short of previous market forecasts, however the group will produce profit significantly ahead of previous years, notwithstanding absorbing the additional National Insurance Contribution costs. The group says it is still well on course to achieve its medium-term objectives including growth in both sales revenue and profitability in 2026.
Construction has commenced to create the Newport Distribution Hub which will be operational at the end of Q2 2026. The logistics infrastructure has been refined in both Likewise Floors and Valley Wholesale Carpets to provide increased capacity for 2026 and future years.
The group is accelerating its sales and marketing activities to gain increasing share from independent retailers and flooring contractors. This is supported by greater capacity and enhancement of the logistics networks, providing increased confidence in achieving and surpassing its previous goals.
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