Dunelm Group plc (DNLM.L), a home furnishing retailer, on Tuesday reported lower profit for the first half of fiscal 2026, primarily due to higher operating costs.
Profit before tax for the period declined to £114 million from £123.2 million in the first half of fiscal 2025.
Operating profit decreased to £119.9 million, from £128.6 million a year earlier. The decline reflected a rise in net operating costs, which increased to £378.1 million from £344.9 million.
Profit after tax amounted to £84.8 million or 41.7p per share, down from £91.6 million or 45p per share in the prior-year period.
Revenue for the six months, however, grew 3.6% to £926.3 million, up £32.6 million from £893.7 million a year earlier.
The board declared an interim dividend of 17p per share, up from 16.5p a year ago, and a special dividend of 25p per share, down from 35p last year.
For the full year, the company expects profit before tax to be in line with current consensus expectations of £210 million - £221 million.
Additionally, the group said it plans to commence a buyback programme shortly to purchase up to 1.7 million shares to meet obligations under employee share schemes.
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