Tandem restarts dividends as profit rises amid "challenging" macro

(Alliance News) - Tandem Group PLC shares climbed on Monday, after it reported increased revenue and a surge in profit for its latest year.

Tandem's stock was up 7.0% at 179.25 pence on Monday afternoon in London.

The Birmingham, England-based developer of sports, leisure and mobility products said pretax profit multiplied to GBP568,000 in 2025 from GBP30,000 in 2024.

Revenue for the period increased 6.2% to GBP26.2 million from GBP24.6 million, with top-line growth across three of Tandem's four categories.

Tandem said Bicycles revenue increased 38% on-year to GBP10.2 million; Golf revenue increased 8.6% to GBP2.8 million; and Home & Leisure revenue increased 30% to GBP3.0 million. Toys, Sports & Leisure revenue decreased 18% to GBP10.2 million, although Tandem said the division has started 2026 with positive momentum.

The company booked GBP87,000 in exceptional costs, down from GBP409,000 in 2024.

Tandem said it is reinstating dividends due to its "improved financial performance and strengthened cash flow position", proposing a 3.0p per share payout.

Overall, Chair Stephen Grant stated: "While the trading environment remains challenging, performance in the early part of 2026 has been encouraging.

"Sales are progressing in line with expectations, providing a positive start to the year."

He continued: "Looking ahead, the group enters the year with a measured but optimistic outlook, whilst remaining vigilant of fast evolving developments in the Middle East which will logically impact on shipping routes and costs.

"With key strategic initiatives progressing across the business, we believe the foundations are firmly in place to support sustained performance. The group remains well positioned to capitalise on future opportunities, leveraging its core strengths to deliver long-term, sustainable growth."

By Emma Curzon, Alliance News reporter

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