MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
LONDON - Kingfisher (LON:KGF) PLC, a prominent home improvement company, announced its financial results for the year ended January 31, 2025, revealing a decrease in profit despite maintaining sales levels close to the previous year.
The company, which operates through a network of retail stores primarily in the United Kingdom (TADAWUL:4280) and continental Europe, reported sales of £12,784 million for the year, a slight decrease from £12,980 million in the previous year. Gross profit remained relatively stable at £4,763 million compared to £4,776 million in the prior year.
Kingfisher’s operating profit for the year was £407 million, a significant reduction from £580 million reported in the previous year. This decline was primarily due to adjusting items totaling £221 million, including impairment charges of £94 million related to store assets and an £84 million goodwill impairment for Castorama France.
The company’s profit before taxation stood at £307 million, down from £475 million in the previous year, while net finance costs amounted to £100 million. The profit for the year was reported at £185 million, a decrease from £345 million in the prior year.
Earnings per share (EPS) saw a decline, with basic EPS at 10.1 pence compared to 18.2 pence in the previous year and diluted EPS at 9.9 pence versus 18.0 pence. Adjusted EPS figures, which exclude adjusting items, were 20.7 pence for basic and 20.4 pence for diluted, compared to 21.9 pence and 21.6 pence, respectively, in the previous year.
Kingfisher’s Board of Directors has proposed a dividend for the year ended January 31, 2025, at 12.40 pence per share, consistent with the interim and final dividends of the prior year.
The company’s balance sheet reflects a net debt position of £2,015 million, showing a slight improvement from £2,116 million at the end of the previous year. The company’s total equity decreased to £6,344 million from £6,604 million.
This financial summary is based on a press release statement and reflects the company’s performance for the year ended January 31, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.