DFS Furniture PLC announced its interim results for the 26 weeks ended 28 December 2025, showing robust earnings growth and cash generation. Key financial highlights include
**Revenue Growth**Revenue increased by 8.6% to ยฃ547.7 million compared to the same period in 2024, driven by a 2.3% growth in order intake and a stronger opening order bank.
**Gross Margin Improvement**Gross margin rose by 110 basis points to 57.8%, approaching the target of 58%, due to ongoing product margin improvement and normalization of input costs.
**Underlying Profit Before Tax (PBT)**Underlying PBT increased significantly by ยฃ13.9 million to ยฃ30.9 million, reflecting operational leverage and cost management.
**Net Bank Debt Reduction**Net bank debt decreased by ยฃ56.1 million to ยฃ60.6 million, with leverage now within the target range of 0.5x-1.0x.
**Interim Dividend**An interim dividend of 1.0 pence per share was declared, reflecting the Groups improved financial position.
Strategic and operational highlights include leveraging scale and vertical integration, utilizing data and technology for innovation, and enhancing employee engagement through diversity and inclusion initiatives. The Group remains confident in achieving its medium-term targets of ยฃ1.4 billion revenue and 8% PBT margin, despite some softening in footfall due to adverse weather conditions and macroeconomic uncertainties.
Here is the comparison of financials and debt year on year presented as an HTML table:
This table compares key financial metrics and debt levels between H1 FY26 and H1 FY25, showing the year-on-year changes.