REG - Tandem Grp PLC - Trading Update and Notice of Results

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RNS Number : 9616R  Tandem Group PLC  06 February 2026

6 February 2026

 

 

Tandem Group plc

(the 'Company'and together with its subsidiaries the 'Group') Trading Update
and Notice of Results

 

Resilient trading performance drives improved profitability

 

 

Tandem Group plc (AIM: TND) designers, developers, distributors and retailers
of sports, leisure and e-mobility, provides the following trading update and
confirms that its annual results for the year ended 31 December 2025 (the
"period" or "FY25") will be announced on 23 March 2026.

Trading and operations update

The Group delivered another year of progress, achieving revenue of £26.2
million, an increase of 6.2% year-on-year, despite ongoing macro-economic
headwinds and weakness in consumer confidence. Strong first-half trading,
supported by disciplined inventory management, tighter cost control and
favourable foreign exchange movements, provided a solid platform for the year.
Although the wider consumer environment remained challenging through the
second half, the Group continued to demonstrate resilience, adaptability and
effective execution. Accordingly, the Group managed to improve profitability
and expects profit before tax and exceptional items to be slightly ahead of
market expectations. This performance underlines the strength of Tandem's
operating model and the success of actions taken to protect margins and
enhance operational efficiency.

Toys, Sports and Leisure (TSL)

The Toys, Sports and Leisure division continued to play an important role
within the Group, although revenue was 17.5% lower year-on-year. This
performance primarily reflected softer demand in certain discretionary
categories, changes in retailer purchasing patterns and the timing of product
ranging and promotions. Despite these market-driven factors, the division
continued to make strategic progress, with encouraging performance in licensed
wheeled products and strengthened momentum across the Group's own-brand sports
and leisure ranges. Ongoing engagement with key retail partners, alongside
improvements in product mix and positioning, development in new categories,
all continued to support brand awareness and market presence.

Bicycles

Bicycle performance was robust, finishing 37.6% ahead of the prior year and
outperforming broader sector trends. Electric bikes delivered strong
comparative growth of 30.0% with new ranges driving the sales, complemented by
significant revenue uplift in mechanical bikes, which grew by 47.6%. Revenue
within the children's bike category increased by 10.7%, reflecting a strong
performance during the period. This was further supported by the introduction
of the new HOY range towards the end of the year, developed in collaboration
with Sir Chris Hoy.

Golf

The Golf division continued to make positive progress, delivering 8.6%
year-on-year growth. The Ben Sayers range maintained steady performance,
whilst the Pro Rider portfolio achieved exceptional growth, growing more than
26% year on year. This reflects the success of the Group's ongoing focus on
product development, innovation and strengthening the proposition through new
ranges that landed in Q4 of FY24.

Home & Garden

Home & Garden revenue increased 30.1% compared with the prior year.
Trading in the early part of the year was supported by strong demand for
heating products. An exceptionally hot summer, with prolonged periods of
sunshine, accelerated demand for cooling solutions and outdoor garden
products. Introducing new, trend-driven product ranges throughout the year
across key categories, including outdoor patio heaters, storage cabinets,
planters, clocks and indoor storage, resonated positively with customers.

Outlook

Trading at the start of 2026 has been in line with management expectations.
Newly secured national retail partnerships, together with strengthened
distribution relationships, provide additional momentum and underline
confidence in the Group's strategic direction. Management continues to target
revenue growth in FY26 broadly in line with FY25, alongside further
improvements in margins and profitability, supported by rigorous cost
discipline and operational efficiency.

Innovation remains central to the Group's growth strategy. Investment
continues across key categories including licensed wheeled goods, scooters,
bikes and selected home & outdoor ranges. The business is also progressing
product enhancements, design-led development and expansion into new licensed
ranges, new category developments, supported by further European growth
opportunities.

With a strong balance sheet, disciplined inventory management, further focus
on newness, a pipeline of retail initiatives and international expansion
opportunities, the Board believes the Group is well positioned to deliver
sustainable growth and create long-term shareholder value.

 

Notice of results

The Group expects to publish its FY25 results on 23 March 2026.

 

A final results presentation will be available on the website after the
results are published at www.tandemgroupplc.co.uk/investor-presentations.
(http://www.tandemgroupplc.co.uk/investor-presentations) Investors with
questions are asked to email the Company at
investorrelations@tandemgroupplc.co.uk
(mailto:investorrelations@tandemgroupplc.co.uk)

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company take responsibility
for this announcement.

Enquiries:

Tandem Group plc

Peter Kimberley, Chief Executive Officer Gurvinder Kaur, Chief Financial
Officer Telephone 0121 748 8075

Nominated Adviser

Cavendish Capital Markets Limited (Nominated Adviser and Broker)

Ben Jeynes / Callum Davidson - Corporate Finance

Michael Johnson / Matt Lewis - Sales and Equity Capital Markets

 

Telephone 0207 220 0500

 

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's or any third party's ability to execute and implement future plans,
and the occurrence of unexpected events. Actual results achieved may vary from
the information provided herein as a result of numerous known and unknown
risks and uncertainties and other factors.

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