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Likewise Group PLC on Tuesday reported a swing to profit in the first half of 2025, driven by double-digit revenue growth and operational efficiencies, and said it remains on course to meet full-year market expectations.
The Birmingham, England-based floor coverings distributor reported a pretax profit of £229,696 for the six months to June 30, swinging from a loss of £317,366 a year before.
Revenue rose 10% to £77.9 million from £70.7 million. Sales of the group’s own branded products increased by 14%.
Underlying earnings before interest, tax, depreciation and amortisation rose 21% to £4.4 million, while underlying pretax profit more than doubled to £737,066 from £335,057.
The board declared an interim dividend of 0.1375 pence, up 10% from 0.1250 pence a year earlier, to be paid on November 14.
Likewise said growth was supported by a significant expansion of its sales and logistics network, including 21 new sales executives in the past 18 months and new processing capacity in Glasgow and Derby.
The company also completed a new logistics centre in Plymouth and secured planning permission for a major expansion in Newport, set to open in 2026.
Looking to the second half, Likewise said like-for-like sales were up around 10% through the end of August, supporting confidence for the traditionally busier autumn period. The group reiterated that it remains on track to achieve full-year market expectations.
Chief Executive Tony Brewer said the company is in a ‘particularly strong position to capitalise on the many opportunities’ ahead.
Shares in Likewise were down 0.2% at 27.54 pence in London on Tuesday afternoon.
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