Retailer Kingfisher posts higher profit as UK&I growth offsets softer markets

Kingfisher has reported an summation successful nett successful the fiscal twelvemonth ended 31 January 2026, alongside a humble emergence successful revenue, arsenic stronger trading successful the UK & Ireland (UK&I) helped antagonistic weaker show successful immoderate continental European markets.

Group income astatine the European location betterment retailer roseate 1.3% year-on-year to £12.94bn, compared with 2024/2025.

Operating nett earlier adjusting items accrued 3.7% to £651m. After adjusting charges of £182m, the reported operating nett climbed 15.2% to £469m.

Profit for the twelvemonth earlier adjusting items grew 9.2% to £416m, from £381m.

Profit for the year, including adjusting items, roseate to £245m, compared with £185m successful 2024/2025. Earnings per stock (EPS) besides improved.

Basic EPS accrued 38.6% to 14.0p from 10.1p portion diluted EPS roseate 39.4% to 13.8p from 9.9p.

On an adjusted basis, adjusted basal EPS was 23.8p, up 15% from 20.7p, and adjusted diluted EPS accrued 14.7% to 23.4p from 20.4p.

The institution said the main adjusting items related to store and goodwill impairments, restructuring costs, a nonaccomplishment connected the disposal of the Romania business, and an impairment linked to its Turkey associated venture.

By division, UK&I delivered like-for-like (LFL) maturation of 3.3%, with B&Q up 3.3% and Screwfix up 3.2%.

Performance was supported by commercialized activity, higher integer income and Homebase closure “transference”.

France recorded a income diminution but outperformed its marketplace and posted a flimsy betterment successful profit, with a retail borderline of 2.5%.

Poland saw LFL income autumn 1.1%, with nett down mostly owed to a one-off IT impairment. Iberia was the strongest region, with LFL income up 8.8% and retail nett astir doubling.

Kingfisher CEO Thierry Garnier said: “We person continued to execute our strategy astatine gait and delivered bully borderline and outgo discipline. This resulted successful important marketplace stock gains, nett maturation of +13% erstwhile excluding past year’s concern rates one-off and beardown escaped currency flow.

“E-commerce present represents one-fifth of full radical sales. With a mixed user situation crossed our markets, we proceed to absorption connected delivering our strategical priorities, maintaining outgo subject and driving shareholder returns. This positions america good to capitalise connected the charismatic semipermanent structural maturation opportunities wrong our markets.”

"Retailer Kingfisher posts higher nett arsenic UK&I maturation offsets softer markets" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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