Wickes has announced plans to expand its footprint and reach 300 stores after reporting that its profit came in ahead of expectations last year.

The home improvement retailer announced that its adjusted pre-tax profit climbed by 14.4% year-on-year to £49.9m, citing strong productivity which helped to mitigate cost inflation.

Wickes, reporting its annual results covering the year to 27 December 2025, also announced a 5,9% increase in revenue to a total £1.64bn.

The FTSE 250 company ended last year with a net cash position of £91.7m following growth investments and £44.8m returned to shareholders.

Alongside announcing the figures, Wickes said the strong performance in its existing and new stores, has led it to increase its ambition to reach 300 stores “over the longer-term”, which could create an estimated 2,00 new jobs. The retailer opened five new stores last year while completing 11 refits and refreshes to its existing footprint.

In 2026, Wickes is expecting to open four to five new stores and refit or refresh another 15-20 stores. The retailer also revealed that its rollout will accelerate from 2028 onwards, when it expects to be opening more than 10 new stores and undertaking over 20 refits and refreshes per year.

Chief executive of Wickes, David Wood, described 2025 as a year of “strong progress”.

“We’ve achieved volume-driven growth across all three areas of the business, as the strength of our proposition continues to resonate with customers,” Wood commented.

“Given the strength of investment returns from our proven store refit and new store rollout strategy, we have today announced the decision to accelerate our investment for future growth. This takes our ambition to reach 300 stores nationwide – creating over 2,000 new jobs as we bring Wickes’ distinctive offer to new locations up and down the UK.”

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