Halfords delivers profits and sales growth as cycling business leads the way

In its interim results for the 26 weeks to September 26, 2025, the retailer reported 1% growth in underlying profit before tax to £21.2m and a 3.3% jump in group revenues to £893.3m.

Motoring revenues were flat at £324.3m, but the retailer’s cycling business delivered an 8.8% jump in revenues to £208m for the period, while its autocentres also grew 3.3% to £360.1m.

While reported profit before tax slipped 3.4% to £17.2m for the period, retail revenues grew 3.3% to £533.2m.

Halfords also reported further growth in its Motoring Club membership scheme, which now has c.6 million members – over 400,000 of which are premium tier members generating c.£20m in annual subscription fees.

During the period, Halfords also appointed former Carlsberg executive Sarah Haywood as its new chief information officer.

The retailer said it remained confident in delivering FY26 underlying profit before tax in line with consensus and guided full-year capital expenditure to be within the guided £60m-£70m range.

Chief executive Henry Birch said: “I am very pleased to be announcing a strong set of HY26 results that show good financial, strategic and operational progress. Cycling was the stand-out performer, with like-for-like sales up 9%. Our consumer garages also performed particularly well, up around 8%, driven in part by the ongoing roll-out of our new format Fusion garages.

“Looking ahead, there are significant opportunities for us to create further value through improvements in our technology and data capability, which are key areas of focus for us as we plan for the future. While the operating environment remains unpredictable, our combination of needs-based products and services, as well as market-leading positions in both motoring and cycling, give us the confidence that we will continue to grow our business in line with our plans.”