Topps Tiles (TPT.L), the UK’s tile specialist, has reported a record year of sales in the year ending September 2025, boosted by a 28% increase in trade sales but its share price remained in the red.

The company said it had delivered a market-beating performance and continued to move toward its “Mission 365” target, achieving sales of £295.8m and reaching 40% of its revenue growth goal.

Trade sales rose 28.3% year-over-year, or 14.3% excluding CTD, and now represent around 75% of the total group revenue. Digital penetration excluding CTD increased to 21.1%, up from 18.5% in the prior year.

Adjusted revenue rose 6.8% to £265.4m, with growth reported across all parts of the business. Adjusted profit before tax increased 46% to…