LIKEWISE GROUP PLC - Investor Update

Likewise Group PLC outlined a transformational growth strategy centred on a successful equity raise of approximately £30 million, providing the financial flexibility to accelerate expansion, strengthen its logistics network and increase long-term shareholder value. The investor update highlighted the acquisition of a new freehold distribution hub in Corby, alongside continued investment in Newport and Derby, significantly expanding operational capacity and positioning the business to grow annual revenue from around £200 million to £300 million. Management reported a strong start to the financial year, with positive sales momentum, improving gross margins and confidence in delivering its £4 million profit before tax (PBT) target despite higher distribution costs. The Group also emphasised its robust balance sheet, growing freehold property portfolio, disciplined capital investment and scalable distribution infrastructure, which support future market share gains and additional growth opportunities across the UK flooring market. With continued investment in supply chain efficiency, logistics capacity and sales expansion, Likewise believes it is well positioned to deliver sustainable revenue growth, improved profitability and enhanced long-term company performance.