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Highlights
- Topps Tiles revenue excluding CTD grew 3.7% year-on-year in Q1 FY26.
- Online revenue reached 19.7% of total Group revenue, increasing 270 basis points compared to Q1 last year.
- The Fired Earth acquisition was fully integrated and operational by mid-December 2025.
Topps Tiles Plc (LSE:TPT), the UK’s leading tile specialist, has released its trading update for the 13-week period ended 27 December 2025. The update outlines revenue growth across the Group and its Topps Tiles brand, progress in its digital strategy, and the initial performance of the newly acquired Fired Earth brand.
Revenue Growth Continues in Q1
For the first quarter of the 2026 financial year, revenue excluding CTD grew by 3.7% year-on-year, outperforming the market. The Topps Tiles brand recorded a like-for-like increase of 2.0%, supported by trade performance, which grew 3.7% year-on-year. This quarter marks the fifth consecutive period of like-for-like growth for the Topps Tiles brand.
Including CTD, Group sales rose by 1.6%, with the CTD operation trading from 22 stores compared to 31 in the previous year. The fourth and final CMA disposal store was completed in December 2025, concluding the CMA process. Remaining CTD stores delivered a like-for-like increase of 4.7% during the period, providing a foundation for the Group’s plan to achieve profitability in CTD in FY26.
Digital Initiatives and “Mission 365” Progress
The Group’s digital transformation, under the “Mission 365” initiative, continued to advance during the quarter. Online revenue, including CTD, accounted for 19.7% of total Group revenue, an increase of 70 basis points compared to the full FY25 and 270 basis points compared to Q1 last year.
The Bloomreach Customer Engagement Platform is now fully integrated and operational, supporting customer engagement and reducing churn. The Topps Tiles Trade App is on schedule for launch in Q3 FY26 and is expected to enhance customer loyalty and lifetime value once operational.
Fired Earth Acquisition Integrated Successfully
Following the early December acquisition of the Fired Earth brand, website, and stock, the Group established a fully operational supply chain and transactional website by 16 December 2025. The Group was able to fulfil customer orders effectively and is positioned to optimise opportunities from the Fired Earth brand in 2026 and beyond.
Leadership Transition Completed
The transition to a new CEO was completed seamlessly during the quarter. Alex Jensen officially assumed full responsibility for the business on 8 December 2025, following the retirement of longstanding CEO Rob Parker.
TPT shares last traded at GBX 44.50 per share on 6 January 2026.
