Kingfisher has reported improved financial results for the first half of the 2025/26 financial year, with strong UK performance across both B&Q and Screwfix.
The company’s statutory pre-tax profit (PBT) rose to £338 million in H1 2025, up from £324 million (+4.1%) year on year. Operating profit in H1 also increased by 2.1% to £383 million, representing a 2.1% year-on-year increase.
The company also said solid operational execution and progress on its strategic initiatives had enabled it to deliver +1.9% underlying LFL sales growth in H1.
“We delivered a strong first half with high-quality underlying like-for-like sales growth of 1.9%, driven by increased volumes and transactions. Our teams continue to execute at a high level, delivering double-digit growth in our strategic initiatives, trade and eCommerce, which supported our market share gains,” said Thierry Garnier, Chief Executive Officer of Kingfisher.
In the UK and Irish markets, retail profit increased by 5.7% to £344 million in H1 2025, up from £325 million in H1 2024. Like-for-like sales at B&Q grew 4.4% to £2,170 million in H1 2025, driven by initiatives in trade, eCommerce and innovation in big-ticket categories. This was further supported by customer transference from the closure of Homebase stores and seasonal products due to favourable weather.
Meanwhile, Screwfix’s total sales increased by 4.4% (LFL +3%) to £1,358 million, with strong growth across all categories. ECommerce sales increased by 4.3% year on year, and eCommerce sales penetration reached 59.2% (H1 24/25: 59.3%). H1 performance was supported by continued growth in the Screwfix app, with app sales up 9.2% year on year.
Total sales in the UK and Irish markets in H1 increased to £3,528 million, representing a 4.5% increase, or an LFL change of 3.9%.
Looking ahead, the company expects to deliver FY 25/26 adjusted pre-tax profit at the upper end of the previously guided range of approximately £480 million to £540 million. This reflects the company’s strong profit performance in the first half, alongside second-half weighted investment in marketing and technology to support its strategic growth initiatives.
