Halfords Group PLC Reports Strong FY25 Financial Performance

Halfords Group PLC, a leading UK provider of motoring and cycling services, announced its preliminary results for FY25, ending March 28, 2025. The company reported a like-for-like sales increase of 2.5% and a 6.4% growth in underlying profit before tax, reaching £38.4 million. This exceeded prior expectations. Despite external challenges, including inflationary pressures, Halfords achieved cost savings of £35 million and a £43 million free cash inflow.

The company's Fusion motoring services rollout showed progress with 50 locations operational, and a plan to expand to 150 by FY27. Membership in the Halfords Motoring Club surpassed 5 million. The results reflect strategic investments and operational improvements under the new CEO, Henry Birch, appointed in April. The outlook for FY26 remains cautious, focusing on mitigating inflation impacts and enhancing motoring services.