Dunelm Group

DNLM · Main Market · Retail · mcap £1,612m · 803.5p

Beta Briefing, track record and signals & risks are not ready for Dunelm Group yet.

We follow 967 UK small caps and every one of their announcements – often hundreds per company. 71 companies are already wired into a briefing: browse them.

Financials · balance sheet 27 Jun 26 · last twelve months · today’s market value

Source: results 08 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £1,620m
Owner’s net cash: −£93.0m
Net cash / market cap: -6%
EV ex leases: £1,713m
Revenue: £1,826m
Operating profit: £224.9m
Free cash flow after leases: £158.6m
EV / EBIT: 7.6×
FCF yield: 9.8%
Price / tangible book: 12.42×
ROCE: 47%
Net income (owners): £155.5m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: FY Jun 26 (twelve months to 27 Jun 26), published 08 Sep 26 · read the results ↗

Source ↗

	2026 52 weeks £'m	2025 52 weeks £'m
Revenue	1,825.5	1,771.0
Cost of sales	(866.5)	(842.7)
Gross profit	959.0	928.3
Other operating income	7.3	4.7
Operating costs	(741.4)	(711.0)
Operating profit	224.9	222.0
Finance income	1.0	1.4
Finance costs	(14.9)	(12.4)
Profit before taxation	211.0	211.0
Taxation	(55.5)	(54.7)
Profit for the period	155.5	156.3
Earnings per Ordinary Share - basic	77.0p	77.2p
Earnings per Ordinary Share - diluted	76.8p	76.8p

Source ↗

	27 June 2026 £'m	28 June 2025 £'m
Non-current assets
Intangible assets	18.1	10.8
Property, plant and equipment	181.6	178.7
Right-of-use assets	246.1	221.1
Investment property	29.2	29.5
Deferred tax assets	0.2	3.2
Derivative financial instruments	0.7	-
Total non-current assets	475.9	443.3
Current assets
Inventories	212.1	226.3
Trade and other receivables	39.2	40.1
Derivative financial instruments	3.1	-
Current tax asset	4.1	1.8
Cash and cash equivalents	22.4	30.0
Total current assets	280.9	298.2
Total assets	756.8	741.5
Current liabilities
Trade and other payables	(217.5)	(220.0)
Lease liabilities	(57.1)	(53.1)
Derivative financial instruments	(2.0)	(13.3)
Total current liabilities	(276.6)	(286.4)
Non-current liabilities
Borrowings	(115.4)	(130.2)
Lease liabilities	(211.4)	(194.4)
Provisions	(4.9)	(7.7)
Derivative financial instruments	-	(4.0)
Total non-current liabilities	(331.7)	(336.3)
Total liabilities	(608.3)	(622.7)
Net assets	148.5	118.8
Equity
Issued share capital	2.0	2.0
Share premium account	1.7	1.7
Capital redemption reserve	43.2	43.2
Hedging reserve	1.3	(13.0)
Retained earnings	100.3	84.9
Total equity attributable to equity holders of the Parent	148.5	118.8

Source ↗

	2026 52 weeks £'m	2025 52 weeks £'m
Cash flows from operating activities
Profit before taxation	211.0	211.0
Net financial expense	13.9	11.0
Operating profit	224.9	222.0
Depreciation and amortisation of investment property, property, plant and equipment, and intangible assets	33.0	31.3
Depreciation of right-of-use assets	54.4	50.9
Loss on disposal and impairment of property, plant and equipment and intangible assets	1.2	0.5
(Gain)/ Loss on disposal and impairment of right-of-use assets	(0.1)	0.7
Share-based payments expense	5.9	5.5
Operating cash flows before movements in working capital	319.3	310.9
Decrease/ (Increase) in inventories	14.2	(1.4)
Decrease/ (Increase) in trade and other receivables	0.9	(13.5)
(Decrease)/ Increase in trade and other payables	(6.0)	14.4
Net movement in working capital	9.1	(0.5)
Tax paid	(58.0)	(54.5)
Net cash generated from operating activities	270.4	255.9
Cash flows from investing activities
Acquisition of intangible assets	(11.0)	(9.3)
Acquisition of property, plant and equipment	(31.7)	(35.2)
Acquisition of Investment Property	-	(22.3)
Acquisition of subsidiary, net of cash	-	(0.5)
Interest received	1. 0	1.4
Net cash used in investing activities	(41.7)	(65.9)
Cash flows from financing activities
Proceeds from issue of treasury shares and Ordinary Shares	9.2	0.7
Purchase of treasury shares	(15.6)	(14.7)
Drawdowns on Revolving Credit Facility	147.0	152.0
Repayments of Revolving Credit Facility	(162.0)	(99.0)
Interest paid and loan transaction costs	(4.8)	(4.7)
Interest paid on lease liabilities	(10.1)	(7.3)
Repayment of principal element of lease liabilities	(59.0)	(50.6)
Dividends paid	(141.0)	(159.4)
Net cash used in financing activities	(236.3)	(183.0)
Net (decrease)/ increase in cash and cash equivalents	(7.6)	7.0
Foreign exchange revaluations	-	(0.4)
Cash and cash equivalents at the beginning of the period	30.0	23.4
Cash and cash equivalents at the end of the period	22.4	30.0

Source ↗

	26 weeks ended 27 December 2025 £'m	26 weeks ended 28 December 2024 £'m	52 weeks ended 28 June 2025 £'m
Revenue	926.3	893.7	1,771.0
Cost of sales	(431.6)	(421.8)	(842.7)
Gross profit	494.7	471.9	928.3
Other operating income	3.3	1.6	4.7
Operating costs	(378.1)	(344.9)	(711.0)
Operating profit	119.9	128.6	222.0
Financial income	0.4	0.6	1.4
Financial expenses	(6.3)	(6.0)	(12.4)
Profit before taxation	114.0	123.2	211.0
Taxation	(29.2)	(31.6)	(54.7)
Profit for the period	84.8	91.6	156.3
Earnings per Ordinary Share - basic	42.0p	45.2p	77.2p
Earnings per Ordinary Share - diluted	41.7p	45.0p	76.8p

Source ↗

	£'m	£'m	£'m
Non-current assets
Intangible assets	15.3	5.2	10.8
Property, plant and equipment	182.2	171.8	178.7
Right-of-use assets	231.6	218.8	221.1
Investment property	29.3	29.6	29.5
Deferred tax assets	4.2	3.4	3.2
Derivative financial instruments	0.4	1.2	-
Total non-current assets	463.0	430.0	443.3
Current assets
Inventories	228.3	228.5	226.3
Trade and other receivables	40.5	37.0	40.1
Derivative financial instruments	0.3	1.7	-
Current tax asset	0.8	-	1.8
Cash and cash equivalents	46.3	57.1	30.0
Total current assets	316.2	324.3	298.2
Total assets	779.2	754.3	741.5
Current liabilities
Trade and other payables	(315.8)	(311.9)	(220.0)
Lease liabilities	(57.7)	(52.2)	(53.1)
Current tax liability	-	(7.6)	-
Derivative financial instruments	(6.3)	(1.2)	(13.3)
Total current liabilities	(379.8)	(372.9)	(286.4)
Non-current liabilities
Borrowings	(31.1)	-	(130.2)
Lease liabilities	(198.8)	(192.2)	(194.4)
Provisions	(5.4)	(5.5)	(7.7)
Derivative financial instruments	(0.5)	-	(4.0)
Total non-current liabilities	(235.8)	(197.7)	(336.3)
Total liabilities	(615.6)	(570.6)	(622.7)
Net assets	163.6	183.7	118.8
Equity
Issued share capital	2.0	2.0	2.0
Share premium account	1.7	1.7	1.7
Capital redemption reserve	43.2	43.2	43.2
Hedging reserve	(4.6)	1.3	(13.0)
Retained earnings	121.3	135.5	84.9
Total equity	163.6	183.7	118.8

Source ↗

	26 weeks ended 27 December 2025 £'m	26 weeks ended 28 December 2024 £'m	52 weeks ended 28 June 2025 £'m
Cash flows from operating activities
Profit before taxation	114.0	123.2	211.0
Net financial expense	5.9	5.4	11.0
Operating profit	119.9	128.6	222.0
Depreciation and amortisation of investment property, property, plant and equipment and intangible assets	15.4	15.8	31.3
Depreciation on right-of-use assets	24.8	24.9	50.9
Loss on disposal and impairment of property, plant and equipment and intangible assets	-	0.2	0.5
Loss on disposal and impairment of right-of-use assets	-	-	0.7
Share-based payments expense	4.8	1.5	5.5
Operating cash flow before movements in working capital	164.9	171.0	310.9
(Increase) in inventories	(2.0)	(3.5)	(1.4)
(Increase) in trade and other receivables	(0.4)	(8.3)	(13.5)
Increase in trade and other payables	93.4	105.4	14.4
Net movement in working capital	91.0	93.6	(0.5)
Tax paid	(28.9)	(25.5)	(54.5)
Net cash generated from operating activities	227.0	239.1	255.9
Cash flows from investing activities
Acquisition of intangible assets	(6.1)	(3.0)	(9.3)
Acquisition of property, plant and equipment	(17.1)	(13.2)	(35.2)
Acquisition of Investment Property	-	(22.3)	(22.3)
Acquisition of subsidiary, net of cash acquired	-	(0.5)	(0.5)
Interest received	0.4	0.6	1.4
Net cash used in investing activities	(22.8)	(38.4)	(65.9)
Cash flows from financing activities
Proceeds from issue of treasury shares and Ordinary Shares	0.2	0.1	0.7
Purchase of treasury shares	-	-	(14.7)
Drawdowns on Revolving Credit Facility	15.0	36.0	152.0
Repayments of Revolving Credit Facility	(114.0)	(115.0)	(99.0)
Interest paid and loan transaction costs	(2.3)	(2.3)	(4.7)
Interest paid on lease liabilities	(4.1)	(3.5)	(7.3)
Repayment of principal element of lease liabilities	(26.4)	(26.4)	(50.6)
Ordinary dividends paid	(56.4)	(55.7)	(159.4)
Net cash flows used in financing activities	(188.0)	(166.8)	(183.0)
Net increase in cash and cash equivalents	16.2	33.9	7.0
Foreign exchange revaluations	0.1	(0.2)	(0.4)
Cash and cash equivalents at the beginning of the period	30.0	23.4	23.4
Cash and cash equivalents at the end of the period	46.3	57.1	30.0

	FY Jun 26	FY Jun 25
Revenue to operating profit
Revenue	1,825.5	1,771.0
Gross profit	959.0	928.3
Operating profit	224.9	222.0
Depreciation (right-of-use)	54.4	50.9
Share-based payments	5.9	5.5
Operating profit to net income
Finance costs	(14.9)	(12.4)
Profit before tax	211.0	211.0
Tax	(55.5)	(54.7)
Net income (owners)	155.5	156.3
Per share
EPS basic	77.0p	77.2p
EPS diluted	76.8p	76.8p
Dividend per share	45.5p	44.5p

	H2 Jun 26	H1 Dec 25	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Revenue	899.2	926.3	877.3	893.7
Gross profit	464.3	494.7	456.4	471.9
Operating profit	105.0	119.9	93.4	128.6
Depreciation (right-of-use)	29.6	24.8	26.0	24.9
Share-based payments	1.1	4.8	4.0	1.5
Operating profit to net income
Finance costs	(8.6)	(6.3)	(6.4)	(6.0)
Profit before tax	97.0	114.0	87.8	123.2
Tax	(26.3)	(29.2)	(23.1)	(31.6)
Net income (owners)	70.7	84.8	64.7	91.6
Per share
EPS basic	35.0p	42.0p	32.0p	45.2p
EPS diluted	35.1p	41.7p	31.8p	45.0p

	FY Jun 26	FY Jun 25
Operating activities
Cash from operations	270.4	255.9
Interest paid	(4.8)	(4.7)
Tax paid	(58.0)	(54.5)
Investing activities
Capex (PP&E)	(31.7)	(35.2)
Capex (intangibles)	(11.0)	(9.3)
Financing activities
Lease principal paid	(59.0)	(50.6)
Lease interest paid	(10.1)	(7.3)
Dividends paid	(141.0)	(159.4)
Share buybacks	(15.6)	(14.7)
Shares issued	9.2	0.7

	H2 Jun 26	H1 Dec 25	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	43.4	227.0	16.8	239.1
Interest paid	(2.5)	(2.3)	(2.4)	(2.3)
Tax paid	(29.1)	(28.9)	(29.0)	(25.5)
Investing activities
Capex (PP&E)	(14.6)	(17.1)	(22.0)	(13.2)
Capex (intangibles)	(4.9)	(6.1)	(6.3)	(3.0)
Financing activities
Lease principal paid	(32.6)	(26.4)	(24.2)	(26.4)
Lease interest paid	(6.0)	(4.1)	(3.8)	(3.5)
Dividends paid	(84.6)	(56.4)	(103.7)	(55.7)
Shares issued	9.0	0.2	0.6	0.1

	27 Jun 26	28 Jun 25
Non-current assets
Other intangibles	18.1	10.8
Property, plant & equipment	181.6	178.7
Investment property	29.2	29.5
Non-current assets	475.9	443.3
Current assets
Inventories	212.1	226.3
Trade receivables	39.2	40.1
Cash	22.4	30.0
Current assets	280.9	298.2
Total assets	756.8	741.5
Current liabilities
Trade payables	217.5	220.0
Lease liabilities, current	57.1	53.1
Current liabilities	276.6	286.4
Non-current liabilities
Borrowings, non-current	115.4	130.2
Lease liabilities, non-current	211.4	194.4
Non-current liabilities	331.7	336.3
Total liabilities	608.3	622.7
Equity
Total equity	148.5	118.8
Net cash and other figures
Net cash / (debt) ex leases	(94.6)	(102.0)

	27 Jun 26	27 Dec 25	28 Jun 25	28 Dec 24
Non-current assets
Other intangibles	18.1	15.3	10.8	5.2
Property, plant & equipment	181.6	182.2	178.7	171.8
Investment property	29.2	29.3	29.5	29.6
Non-current assets	475.9	463.0	443.3	430.0
Current assets
Inventories	212.1	228.3	226.3	228.5
Trade receivables	39.2	40.5	40.1	37.0
Cash	22.4	46.3	30.0	57.1
Current assets	280.9	316.2	298.2	324.3
Total assets	756.8	779.2	741.5	754.3
Current liabilities
Trade payables	217.5	315.8	220.0	311.9
Lease liabilities, current	57.1	57.7	53.1	52.2
Current liabilities	276.6	379.8	286.4	372.9
Non-current liabilities
Borrowings, non-current	115.4	31.1	130.2	–
Lease liabilities, non-current	211.4	198.8	194.4	192.2
Non-current liabilities	331.7	235.8	336.3	197.7
Total liabilities	608.3	615.6	622.7	570.6
Equity
Total equity	148.5	163.6	118.8	183.7
Net cash and other figures
Net cash / (debt) ex leases	(94.6)	13.3	(102.0)	57.1

Read automatically from each results announcement. Check the source before relying on a figure.

Spotted an error in this income statement? Report it

Company filings. Not investment advice.