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Victorian Plumbing Group (VIC) investor relations material
Victorian Plumbing Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record revenue of £310.0m for FY2025, up 5% year-over-year, maintaining leadership in the UK bathroom retail market.
Trade revenue grew 10% to £73.8m, now 24% of total revenue; tiles & flooring revenue surged 42% to £17.6m.
Completed transition to new warehouse infrastructure, enhancing customer proposition and delivery capabilities.
Launched MFI in July 2025, entering the £21bn UK homewares market.
Financial highlights
Group revenue rose 5% to £310.0m; adjusted EBITDA increased 17% to £31.8m, with margin up 1ppt to 10%.
Adjusted PBT was £21.8m, up 6% year-over-year; adjusted diluted EPS grew 2% to 5.4p.
Gross profit margin slightly decreased by 1ppt to 49%.
Free cash flow reached £24.0m, with operating cash conversion at 77%.
Closing cash position improved to £17.7m from £11.2m in 2024.
Outlook and guidance
Positive start to FY2026 with continued revenue growth across all categories, in line with market expectations.
MFI expected to incur a loss of £2.6m–£3.4m in FY2026 as it builds product range ahead of full launch.
Confident in future prospects despite a volatile consumer and economic backdrop.
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
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