Property and Trading Update & Notice of Results

Likewise Group PLC

21 April 2026

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

21 April 2026

Likewise Group plc

("Likewise", or the "Company")

 Freehold Purchase, Trading Update, Notice of Results and Investor Presentation

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:

https://www.investormeetcompany.com/likewise-group-plc/register-investor

Investors who already follow Likewise on the Investor Meet Company platform will automatically be invited.

For further information, please contact:
Likewise Group plc Tony Brewer, Chief Executive	Tel: [phone]
Zeus (Nominated Adviser and Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King / Fraser Marshall (Corporate Broking)	Tel: [phone]

 

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