Strong Free Cash Flow and Shareholder Returns
The company reported a strong free cash flow of £511 million, reflecting good progress in reducing inventory levels. It returned £453 million to shareholders via dividends and share buybacks, up 14% on the previous year, and announced a new £300 million share buyback program.
Growth in Trade and E-commerce Segments
TradePoint sales now represent 23.4% of B&Q, and trade penetration at Brico Dépôt is now 12.8%. E-commerce sales across the UK & Ireland were up 8.7%, and the e-commerce marketplace launched in Poland in January 2025 showed positive early results.
Margin Improvement and Cost Management
The gross margin increased by 50 basis points to 37.3%, and structural cost savings of £120 million were achieved. The company also managed to fully offset the profit impact of market decline in France through market share gains and cost reductions.
Market Share Gains in Key Regions
The company gained market share in all key regions, including the UK, France, and Poland, driven by strategic growth initiatives in trade and e-commerce.
New Store Openings in Poland and Screwfix Expansion in France
Poland opened 5 new stores, contributing to a total sales increase of 3.2%. Screwfix opened 10 new stores in France, with plans for up to 5 more, showing strong customer retention and brand awareness.