REG - Likewise Group PLC - Trading Update

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RNS Number : 9556O  Likewise Group PLC  15 January 2026

15 January 2026

Likewise Group plc

("Likewise", the "Company" or the "Group")

Trading Update

Likewise Group plc (AIM:LIKE), the fast growing and progressive Flooring
Distributor in the UK, is pleased to announce that Total Group Revenue for the
year ended 31 December 2025 ("FY25") increased by 8.6% to £163.8 million.
Sales in Likewise Floors grew by 13.3%.

With the infrastructure established, the Group is well on target to achieve
its original objective of £200 million of Sales Revenue. The Board is now
considering various investment options to materially exceed that figure.

Following a number of years with zero inflation, the Flooring Industry in the
UK is experiencing price increases as we commence 2026 in Carpet, Residential
Vinyl, Laminate, Luxury Vinyl Tile, Adhesives, Levelling Compounds and
Commercial Products. Likewise is implementing these increases during January
and February.

Increased processing and operating capacity has been developed during 2025
with additional capacity being created in 2026. Glasgow is now contributing
meaningful volumes to the Likewise Logistics Network and the new 5 metre wide
Cutting Table has been installed in Leeds during the Christmas break to enable
further efficiencies. Construction of the extension at Newport is on schedule
to create an additional Distribution Hub for H2 2026. Cutting is also underway
in the Derby Distribution Hub to expand the Valley Logistics Network. During
2025 the Group purchased 42 new and replacement delivery vehicles with the
fleet increasing to at least 160 vehicles in 2026.

The Group continues to attract top quality Sales Executives, with the Team now
totalling 102 experienced Executives providing excellent customer
relationships. Their knowledge combined with extensive new Products, Sales,
Marketing and Point of Sale activities will continue to increase our market
share with Independent Flooring Retailers and Contractors.

The Board is extremely confident in the ability of our Management to take
advantage of the extensive opportunities before us. Combined with continuing
to increase volumes, the key focus is on improving operating margins, enabling
further investment to provide greater capacity and efficiency to the benefit
of our Suppliers, Customers and all Stakeholders.

The Group is on track to achieve current market expectations of Profit Before
Tax for FY25 with further meaningful growth in profitability anticipated in
FY26.

Tony Brewer, Chief Executive of Likewise, said:

"The Group continues to invest in excellent people and increasing operational
capacity to create the future prosperity of the business and to exceed £200
million Sales Revenue.

The aforementioned price increases are really important to Likewise and the
Flooring Industry as a whole. We need to improve operating margins to enable
investment in our people and infrastructure which will provide an exciting
future for all involved.

Many thanks to all our Management and Staff, Suppliers and Customers,
Shareholders and all Stakeholders for their ongoing support."

 

 For further information, please contact:
 Likewise Group plc                                                   Tel: +44 (0) 121 817 2900

 Tony Brewer, Chief Executive
 Zeus (Nominated Adviser and Joint Broker)                            Tel: +44 (0) 20 3829 5000

 Jordan Warburton / David Foreman / James Edis (Investment Banking)

 Dominic King / Fraser Marshall (Corporate Broking)

 

 

ENDS

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