Earnings release
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RNS Trading Statement Q3 TRADING UPDATE TOPPS TILES PLC Released 07:00:01 02 July 2025 RNS Number : 2823P Topps Tiles PLC 02 July 2025 2 July 2025 Topps Tiles Plc Q3 Trading Update Strong trading momentum continues Topps Tiles Plc ("Topps Group", or the "Group"), the UK's leading tile specialist, announces a third the 39-week period ended 28 June 2025. Strong trading momentum has continued through the third quarter. Group adjusted sales1 were up 10 notable acceleration compared to 4.1% growth in the first half. On a year-to-date basis, Group higher year-on-year. The sales trajectory has improved across all divisions in the Group, with Topps Tiles, Parkside and O Tools and Tile Warehouse) all delivering higher growth rates in the most recent quarter than in th sales2 in the Topps Tiles brand increased 7.3% in the third quarter and are up 4.4% on a year-to-date stronger than homeowner sales, although sales to homeowners are also showing signs of improve growth was underpinned by further increases in Topps Tiles' active trade customers3, up 12% yea Group online sales, which accelerated from 19.8% of adjusted sales in the first half to 21.9% of quarter. Adjusted gross margins continue to improve and we expect Group adjusted gross margin in the higher than in the first half of the year. As previously noted, the cost environment does continue to r £4 million of further cost increases on an annualised basis from April 2025 as a result of the re Insurance rates and thresholds, together with the increase in National Living Wage. In add performance-related pay to be higher in the second half, as profits increase. Given the strong growt margins and cost management actions, the Group expects operating costs in the second half to grow profits. Rapid progress has been made in CTD since the conclusion of the CMA investigation and the Gro CTD will be at least breakeven by the fourth quarter4. Following this period of stabilisation 2025-09-29 15:28 Q3 Trading Update - 07:00:01 02 Jul 2025 - TPT News article | London Stock Exchange https://www.londonstockexchange.com/news-article/TPT/q3-trading-update/17114294 1/3
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meaningfully grow this strategically important business in 2026 and beyond, particularly expanding larger contractors, commercial partners and housebuilders. Good strategic progress continues across the five main growth levers which will deliver the Gr modernising the trade digital experience, expanding into new coverings categories, increasing the focus, growing Pro Tiler Tools and establishing Tile Warehouse. During the quarter, the busine relaunch the Topps Tiles trade website, providing enhanced functionality, and is in the final stag launch of a new customer engagement platform, which will provide a step-change in the Group's with customers, including personalised marketing. The continued progress made in all aspects of the Mission 365 plan give the Group confidenc meaningful growth in sales and profits, this year and into the medium term. Notes: 1 Group adjusted sales exclude sales from the CTD brand. 2 Topps Tiles like-for-like sales are defined as sales from Topps Tiles stores that have been trading for more than 52 week Tiles' digital channels. 3 Active trade customers are registered trade customers in Topps Tiles who have shopped with the brand in the last 12 months 4 The performance of CTD has been excluded from all adjusted performance metrics in FY25. For further information please contact: Topps Tiles Plc Rob Parker, CEO Stephen Hopson, CFO 011 Citigate Dewe Rogerson +44 (0) 20 Angharad Couch toppstiles@cdrconsu Notes to Editors Topps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the U and housebuilder markets and serving homeowners, trade customers, contractors, architects and desi nationwide Topps Tiles stores, a commercial showroom in London, the CTD store estate and nine cu www.toppstiles.co.uk, www.parkside.co.uk, www.protilertools.co.uk, www.northantstools.co.uk, ww www.warmfloorstore.co.uk www.flooringmaterials.co.uk, www.tilewarehouse.co.uk and www.ctdtil Since opening its first store in 1963, Topps has maintained a simple operating philosophy - inspiring unrivalled product choice and providing exceptional levels of customer service. For further informa visit www.toppsgroup.com This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTUPUUWMUPAGAG 2025-09-29 15:28 Q3 Trading Update - 07:00:01 02 Jul 2025 - TPT News article | London Stock Exchange https://www.londonstockexchange.com/news-article/TPT/q3-trading-update/17114294 2/3
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