Norcros, the Wilmslow, Cheshire-based bathroom products business, said its revenue rose 10.6% to £393.4 million and underlying profit before tax climbed 8.2% to £40.9 million in the 53 weeks ended April 5, 2026.

Full year dividend increased 8.7% to 11.3p per share.

On current trading and outlook, Norcros said: “Group revenue in the two months to the end of May 2026 was 3.1% ahead of the prior year on a constant currency like for like basis, adjusting for Johnson Tiles SA and the acquisition of Fibo.

“Market conditions are likely to remain subdued, with the pace of any recovery in the new build sector still unclear. The mid-premium RMI sector currently remains more resilient and the Board’s expectations for FY27 are unchanged.”

Norcros CEO Thomas Willcocks said: “The past year has been pivotal for Norcros as we delivered another strong set of results alongside significant strategic progress to reshape and strengthen the group for the long term.

“We have seen a strong performance across our core European markets supported by the successful acquisition of Fibo in Norway. Margins have again improved in the UK and Ireland offset by a softer performance in South Africa, increased group investment to support growth initiatives, and as expected, some initial margin dilution from the Fibo acquisition.

“Our businesses have leading branded market positions, well-invested inventory levels and deep supplier and customer relationships. This, together with our collective scale, means we are able to perform through periods of volatility and to take market share opportunities that arise at times such as these.

“We have further simplified the group’s portfolio and increased exposure to the more resilient mid-premium markets, taking a number of important strategic steps during the year as we continue to sharpen the group’s focus on sustainable bathroom products.

“We continue to build momentum, with share gains and progress being made across our strategic priorities. Supported by our strong financial position and proven through-cycle model, whilst market conditions remain uncertain, we are confident in our ability to deliver further progress towards our medium-term ambitions in the year ahead.”