The incoming new chief executive of Topps Tiles has hailed the retailer’s “encouraging results” as it swung back to profitability for the full financial year.

For the 52 weeks to September 27, 2025, Topps Tiles reported statutory profits before tax of £8.3m, compared to a more than £16.2m loss for the same period the previous year. Statutory group revenues grew 17.5% to £295.8m, while gross profits jumped 14.9% to £154.3m.

On an adjusted basis, profit before tax grew 46% to £9.2m, adjusted revenues increased 6.8% to 265.4m, while like-for-like sales were up 5.3% for the period.

In terms of current trading, Topps Tiles said group sales growth in the first nine weeks of the new financial year are up 3.3%, while like-for-like sales are up 2%.

Topps Tiles also successfully completed its £3m acquisition of Fired Earth in November 2025, which the retailer said, “represents a significant opportunity for the group, strengthening our digital presence and adding a premium brand to our homeowner and trade customer offering”.

Departing chief executive Rob Parker said: “In what will be my final year with the business, I am pleased to deliver a strong set of financial results and strategic progress. The business has delivered a new record year of sales, combined with a strong increase in profits and dividends. Our strategy and growth plans are working well and we are making excellent progress towards our Mission 365 goal. I wish my successor, Alex Jensen, the very best as she takes the Group on to the next stage of our exciting growth plans.”

Incoming chief executive Alex Jensen said: “This is a very encouraging set of results, and the team worked hard to ensure each business delivered strongly against the prior year. I am grateful to Rob for the foundations he’s laid down and I look forward to working with the team to build on this progress, accelerate our digital momentum, and harness the team’s expertise to maximise value for all stakeholders.

“I’m excited to bring the Fired Earth brand into our portfolio to further accelerate delivery of our Mission 365 goal. I’m also delighted that Caroline Browne has been appointed as the Group’s new CFO. Caroline’s extensive retail experience and proven ability will be invaluable as we continue to execute our growth strategy and strengthen our market position.”

Topics