9th Sep 2025 12:42
(Correcting the company description, which had incorrectly referred to TheWorks.co.uk as an online retailer.)
(Alliance News) - TheWorks.co.uk PLC on Monday reported "significant strategic progress" ahead of its annual general meeting, as it said it is well positioned to offset cost headwinds.
The Birmingham, England-based seller of arts and crafts, stationery, toys, and books said that despite a "challenging backdrop", it has witnessed positive trading in financial 2026, as like-for-like sales in the year-to-date continue to outperform the wider market.
The company said this reflects the continued delivery of its 'Elevating The Works' strategy.
Shares in TheWorks.co.uk were 4.8% lower at 48.80 pence on Tuesday afternoon in London.
TheWorks.co.uk also noted "significant strategic progress", with the recent completion of its mezzanine level at its retail distribution centre, and with the transition to a new third-party online fulfilment provider being in the "final stages."
Looking ahead, TheWorks.co.uk said it is well-placed to offset "significant cost headwinds and deliver further strategic and financial progress."
The company expressed confidence in meeting full-year profit expectations of pre-IFRS adjusted earnings before interest, tax, depreciation and amortisation of GBP11.0 million. This represents a 16% uplift on the GBP9.5 million achieved in financial 2025.
TheWorks.co.uk expects to update the market again on November 13.
By Christopher Ward, Alliance News reporter
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