Big Yellow Group (BYG) investor relations material

Executive summary

• Total revenue for the quarter ended 31 December 2025 increased by 2% year-over-year to £52.3 million.

• Like-for-like store revenue also rose 2% for both the quarter and year to date.

• Occupancy performance improved compared to the prior year, with a smaller seasonal decline and business occupancy growing by 15,000 sq ft.

• Two new stores opened in Staines and Queensbury are performing well, with two more openings expected before year-end and four in the next financial year.

Financial highlights

• Year-to-date total revenue reached £157.5 million, up 2% from the previous year.

• Average achieved net rent per sq ft for the quarter increased 4% year-over-year to £36.19.

• Like-for-like operating expenses for the year to date are down 0.5% compared to the prior year.

• Unaudited adjusted EPS for the nine months to 31 December 2025 is up 2% year-over-year.

Outlook and guidance

• Adjusted EPS growth for the full year is anticipated to be approximately 2%.

• Like-for-like operating expenses are expected to increase by 2-3% for the full year due to increased digital marketing investment.

• Four new store openings are planned for the forthcoming financial year, with planning consent now secured for 10 out of 13 pipeline stores.