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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.H2 2025 earnings summary3 Dec, 2025
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.
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Next Victorian Plumbing Group earnings date
H1 202613 May, 2026
Next Victorian Plumbing Group earnings date
H1 202613 May, 2026
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Frequently asked questions
Victorian Plumbing Group plc is a UK-based company specializing in the online retail of bathroom products. The company offers a wide range of items, including baths, showers, toilets, basins, furniture, and accessories. Serving both consumers and trade professionals, Victorian Plumbing operates primarily through its e-commerce platform, providing a variety of styles and price points to suit diverse customer needs. The company is headquartered in Skelmersdale, United Kingdom, and its shares are listed on the London Stock Exchange.
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