REG - TheWorks.co.uk PLC - AGM Trading Statement

Works co ukAnnouncement

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RNS Number : 2944Y  TheWorks.co.uk PLC  08 September 2025

8 September 2025

TheWorks.co.uk plc

("The Works", the "Company" or the "Group")

AGM Trading Statement

The Works, the retailer of affordable, screen-free activities for the whole
family, provides the following update on trading ahead of its Annual General
Meeting being held today at 2.00 p.m. at the offices of Squire Patton Boggs
LLP, 60 London Wall, London, EC2M 5TQ.

The Works has seen positive trading in FY26 despite the consumer backdrop
remaining challenging. Like for like sales in the year-to-date continue to
outperform the wider market and reflect the ongoing delivery of our 'Elevating
The Works' strategy.

Significant strategic progress has been made since the beginning of the
financial year. This includes two key strategic projects undertaken in advance
of our peak Christmas trading period - the recent completion of a new
mezzanine level at our retail Distribution Centre, which will increase our
operational capacity, and we are in the final stage of transitioning to a new
third-party online fulfilment provider.

In light of the positive YTD trading performance, ongoing cost-saving activity
and sustained margin growth, we are well-positioned to offset significant cost
headwinds and deliver further strategic and financial progress. The Board
remains confident in delivering FY26 profit in line with market expectations
of pre-IFRS 16 Adjusted EBITDA of £11.0m.

Notice of Half Year Trading Update

The Company will next update the market on 13 November 2025, with the
publication of a trading update for its half year ending 2 November 2025.

 

 Enquiries:

 TheWorks.co.uk plc            via Sanctuary Counsel

 Gavin Peck       CEO

 Rosie Fordham CFO

 Singer Capital Markets (Nomad and Broker)             020 7496 3000

 Peter Steel

 Oliver Platts

 Sanctuary Counsel                                     0207 340 0395

 Rachel Miller                                         theworks@sanctuarycounsel.com (mailto:theworks@sanctuarycounsel.com)

 Hannah Butler

 Yasmine Fowler

 

 

 

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