Property and Trading Update & Notice of Results
Likewise Group plc has acquired a second distribution hub in Leeds for £3.0 million to enhance supply chain efficiency and release capacity. The company reported a 15.2% increase in revenue to £44.2 million for the first three months of 2026, with April showing a similar positive trend, indicating market share growth. Further expansion in Newport is on schedule for July 2026, and the company is exploring additional freehold projects to support its growth strategy aiming for £250 million in sales revenue. Likewise Group will announce its final results for the year ending 31 December 2025 on 28 April 2026, followed by an investor presentation.
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Likewise Group plc (AIM:LIKE), the fast growing and progressive Flooring Distributor in the UK, is pleased to make the following updates:
Freehold Purchase
Likewise has acquired the freehold of a 2nd Distribution Hub in Leeds for £3.0 million, utilising its current banking facilities. This will streamline the Group's supply chain management of Palletised goods from the Far East and Europe, allowing the planning of incoming containers to be far more efficient and also release capacity at our other Centres.
Trading Update
Total Group Revenue in the first 3 months to 31 March 2026 has increased to £44.2 million, up 15.2% against the corresponding period last year, with April month to date showing a similar positive trend. This represents significant increases in market share and notwithstanding the worldwide uncertainties, provides confidence in the Group achieving its future objectives.
The extension in Newport is on schedule to be operational as planned in July 2026. The additional storage and cutting will provide extra capacity and with the new investment in Leeds, will support the Group's strategy of growing sales revenue towards £250 million.
The Board is also considering other Freehold projects to meaningfully increase the Group's logistics capacity which would allow Likewise Floors and Valley Wholesale Carpets the additional capacity to service the UK market demand for our Suppliers and Customers.
The Group has increasing Net Assets further strengthening the Balance Sheet and the support from our principal bankers to make these Freehold investments. This demonstrates the confidence the Board and all stakeholders have in the significant growth potential in Sales and subsequent Profitability of Likewise Group.
Notice of Results
Final Results for the year ending 31 December 2025 will be announced on 28 April 2026.
Investor Presentation via Investor Meet Company
As part of the Company's Final Results roadshow, Tony Brewer (CEO) will provide a live presentation via the Investor Meet Company platform on 28 April 2026 at 2:00pm BST.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00am GMT the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Likewise via:
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.