Earnings release
Page 1
13 October 2026 victorian plumbing plc Victorian Plumbing Group plc ( " Group " ) Full Year Trading Update and Notice of Results Continued double digit growth , particularly strong in tiles and flooring Victorian Plumbing Group plc ( AIM : VIC ) , the UK's leading bathroom retailer , today provides an update on trading for the financial year ended 30 September 2026 ( " FY26 " ) . Trading Update Strong momentum has continued throughout the second half of FY26 with the Group delivering record revenue , further market share gains and adjusted PBT ahead of market expectations¹ . Group revenue increased by c.11 % ( FY25 : 5 % ) to c . £ 344m in FY26 ( FY25 : £ 310.0m ) , outperforming the wider repair , maintenance & improvement market , which declined by 1.7 % ² . This growth was primarily driven by a c.13 % increase in total orders , offset by a c.5 % reduction in average order value . The Group also benefited from c . £ 7m of revenue generated by our recently acquired haulage business , Sovereign Transport Services , and c . £ 3m of revenue from our furniture and homeware brand , MFI . Tiles and flooring revenue grew by c.76 % , to c . £ 31m ( FY25 : £ 17.6m ) . Trade revenue grew by c.6 % , to c . £ 78m ( FY25 : £ 73.8m ) . Group adjusted PBT is expected to be c . £ 22m ( FY25 : £ 21.8m ) , which is ahead of market expectations . This comprised c . £ 26m profit at Victorian Plumbing ( FY25 : £ 24.3m profit ) and a c . £ 4m loss at MFI ( FY25 : £ 2.5m loss ) , as we continued to invest in establishing MFI in the UK homewares market . Group year end cash remained strong at c . £ 25m ( FY25 : £ 17.7m ) with continued healthy operating cash conversion . Notice of Preliminary Results The Group will publish its preliminary results for FY26 on 8 December 2026 . Stephnie Judge , Chief Executive Officer , commented : " The strong momentum we delivered in the first half continued throughout the rest of the year , with the Group achieving record revenue , maintaining double digit growth and further strengthening our position as the UK's leading bathroom retailer . During the year we gained further market share , improved marketing efficiency and increased our brand awareness . We continue to outperform the wider market despite a challenging consumer backdrop , driven by the strength of our customer proposition , own brand offering and broad product range across both consumer and trade . We were particularly pleased by strong growth in tiles and flooring , demonstrating the strength of our category expansion strategy . As we diversify into new revenue streams , MFI has delivered a successful first full year of trading , giving us growing confidence in the scale of the opportunity ahead . An expanding product range and strong customer engagement continue to support momentum in the proposition . Our investment in infrastructure continues to deliver tangible benefits , with our distribution centre driving operational efficiencies and providing a platform for future growth across the Group . With continued momentum in the business , a market - leading position , strong balance sheet and highly cash generative business model , we remain confident in our ability to deliver sustainable long - term growth and create further value for shareholders . " 1 Company - compiled analyst consensus for FY26 revenue and adjusted PBT is £ 328.4m and £ 21.7m respectively . 2 Market performance is based on Barclays UK Consumer Spend Report for Home Improvements & DIY , covering October 2025 to August 2026 , the latest data available at the date of this announcement . For further information , please contact : -ENDS-