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Howden Joinery Group PLC on Thursday reported ‘positive trading momentum’ as profit rose in the first half of 2025. The London-based kitchen and hardware supplier posted pretax profit of £117.2 million for the six months that ended June 14. This is an increase of 4.4% from £112.3 million the year prior. Total revenue rose by 3.2% to £997.6 million from £966.3 million in 2024. UK revenue on a same-depot basis was £948.9 million, 1.7% ahead of £932.9 million on-year. For international depots, revenue rose 9.8% to £35.8 million from £32.6 million on a same-depot basis. Basic earnings per share climbed 6.5% to 16.4 pence from 15.4p. Howden raised the interim dividend per share by 2.0% to 5.0p from 4.9p the previous year. Net cash at June 30 was £321.4 million, up from £165.5 million on-year. The firm said it had benefitted from sales incentives, price increases and a stronger weighting of kitchen sales during the first half of the year. Howden maintained ‘confidence’ that it will meet guidance for the second half, with performance generally weighted towards autumn, its peak season. The firm noted that three of the 25 new UK depots planned for 2025 were opened in the first half, with scope for around 1,000 sites in the long term. Around 14 depots were reformatted during the first half and, by the end of 2025, Howden aims for 61% of depots to be trading under the new format. Expansion in Europe and Ireland specifically is progressing well, Howden said. It has opened one of five new depots planned for Ireland in 2025. Howden shares were 11% higher at 923.66 pence on Thursday morning in London. The stock is down 2.4% over the past 12 months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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