Kingfisher has reported an increase in profit in the financial year ended 31 January 2026, alongside a modest rise in revenue, as stronger trading in the UK & Ireland (UK&I) helped counter weaker performance in some continental European markets.
Group sales at the European home improvement retailer rose 1.3% year-on-year to £12.94bn, compared with 2024/2025.
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Operating profit before adjusting items increased 3.7% to £651m. After adjusting charges of £182m, the reported operating profit climbed 15.2% to £469m.
Profit for the year before adjusting items grew 9.2% to £416m, from £381m.
Profit for the year, including adjusting items, rose to £245m, compared with £185m in 2024/2025. Earnings per share (EPS) also improved.
Basic EPS increased 38.6% to 14.0p from 10.1p while diluted EPS rose 39.4% to 13.8p from 9.9p.
On an adjusted basis, adjusted basic EPS was 23.8p, up 15% from 20.7p, and adjusted diluted EPS increased 14.7% to 23.4p from 20.4p.
The company said the main adjusting items related to store and goodwill impairments, restructuring costs, a loss on the disposal of the Romania business, and an impairment linked to its Turkey joint venture.
By division, UK&I delivered like-for-like (LFL) growth of 3.3%, with B&Q up 3.3% and Screwfix up 3.2%.
Performance was supported by trade activity, higher digital sales and Homebase closure “transference”.
France recorded a sales decline but outperformed its market and posted a slight improvement in profit, with a retail margin of 2.5%.
Poland saw LFL sales fall 1.1%, with profit down largely due to a one-off IT impairment. Iberia was the strongest region, with LFL sales up 8.8% and retail profit almost doubling.
Kingfisher CEO Thierry Garnier said: “We have continued to execute our strategy at pace and delivered good margin and cost discipline. This resulted in significant market share gains, profit growth of +13% when excluding last year’s business rates one-off and strong free cash flow.
“E-commerce now represents one-fifth of total group sales. With a mixed consumer environment across our markets, we continue to focus on delivering our strategic priorities, maintaining cost discipline and driving shareholder returns. This positions us well to capitalise on the attractive long-term structural growth opportunities within our markets.”
