Trading Update

In brief · summary, not quotable

Headlam Group PLC reported a challenging trading update for the four months ended 31 October 2025, with revenue declining 5% year-on-year on a same working day basis, excluding businesses held for sale in France and the Netherlands. This performance is below expectations outlined in September 2025, leading the Board to anticipate full year results will also fall short. In response, the company has initiated and is accelerating a comprehensive programme of restructuring, cost reduction, and operational improvements, with further details expected on 11 November 2025. These measures, including potential further property disposals, aim to return the Group to profitability and strengthen its market position for sustainable growth.

Full announcement

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Headlam (LSE: HEAD), the UK's leading floor coverings distributor, provides the following trading update for the four months ended 31 October 2025 (the "Period").

Trading Performance

The Group has continued to experience challenging market dynamics and execution during the Period. Revenue was down 5%1 in the Period. This performance is below our expectations outlined at the interim results in September 2025, and therefore the Board expects full year performance to be below expectations.

Actions Underway

In response, the Board has already initiated a comprehensive programme of restructuring, cost reduction and operational improvements and is accelerating the implementation of these measures. Further details of the programme will be presented on 11 November 2025.

These actions are designed to return the Group to profitability and strengthen its market position, even if market conditions remain subdued. The Group also remains focused on strengthening the financial position including potential further property disposals.

The Board is confident that these measures, combined with the Group's market position and established relationships with suppliers and customers, provides a platform for a return to sustainable profitability and growth.

The person responsible for arranging the release of this announcement on behalf of the Company is Adam Phillips, Chief Financial Officer

Footnotes

Year-on-year revenue on a same working day basis. Excludes revenue from France and the Netherlands where the businesses are held for sale.

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