Travis Perkins has posted pre-tax losses of £134.7m for the year to 31 December 2025, widening from £38.4m in 2024. Adjusted operating profits went from £151.8m to £133.4m over the same period.
The performance of Toolstation UK during the period was strong, with revenue increasing by 2.7 per cent, reflecting store maturity benefits, price inflation and further enhancements to the digital and physical customer experience. App sales also increased, with c. 700k Toolstation Club members now signed up, which has helped increase average order value for those customers.
A net three stores were added during the year with eight new stores and five closures. Up to 20 new store openings are expected in 2026, including the launch of the new urban convenience format Toolstation GO, which is being trialled with the first store opening in Battersea, London.
Adjusted operating profit increased by £10m (29.4 per cent) year-on-year driven by a combination of sales growth, gross margin benefits from improved purchasing, and pricing and supply chain efficiencies.
However, Toolstation Benelux generated an adjusted operating loss of £11m in 2025, a slight improvement on the prior year. While store-generated sales were up 7.0 per cent on a like-for-like basis and overheads well controlled, the upgrade to the Benelux customer website during the first half caused significant disruption and did not deliver the expected online sales growth, with online sales down by 1.8 per cent.
Gavin Slark who joined Travis Perkins as CEO in January this year commented: ” We have made significant operational progress over the past year. We have a fully resourced senior management team in place, have successfully overcome the difficulties associated with implementing a new IT system and have taken action to reduce the administrative overheads in our central and regional teams. However, it is the strength of our balance sheet that now provides the necessary resilience and flexibility to underpin our competitiveness in what remains a challenging market backdrop for UK construction activity. We will maintain our disciplined and selective approach to capital allocation as we navigate our way back to better market conditions
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