Halfords Group plc, a leading provider of Motoring and Cycling services and products, today announces its preliminary results for the 52 weeks ended 28 March 2025.
Y25 highlights
▪ Strong financial performance with Group sales up 2.5% on a like-for-like (“LfL”) basis and 6.4% growth in underlying PBT to £38.4m, above the previously guided £32m to £37m range.
▪ 250bps of gross margin expansion YoY, £35m of cost savings and £43.0m of free cash generation (FY24: £29.4m) as momentum grew through H2. Ended the year with balance sheet net cash.
▪ Total dividend increased by 10% to 8.8p, in line with policy.
▪ 50 Fusion locations are now trading and are on track to double garage-level profitability at maturity with an average payback period of c.2 years, improving the garage experience for customers and colleagues and more closely linking the motoring assets within a town.
▪ Membership of the Halfords Motoring Club exceeded 5m customers. Henry Birch appointed as Chief Executive Officer in April with new Managing Directors appointed to run the Retail and Autocentres businesses.
Henry Birch, Chief Executive Officer of Halfords, commented:
“I am very pleased to be announcing a positive set of results for Halfords. The business has delivered a strong financial performance, made good strategic progress and has a clear plan in place to tackle external inflationary forces. Halfords has a unique combination of retail stores, garages and mobile vans, a trusted brand, scaled omnichannel infrastructure, and access to valuable proprietary data. It is an exciting time to be joining and I see significant potential to optimise and grow this fantastic business.”
Source: Tyretradenews
