Victorian Plumbing Group (VIC) Trading update summary

Trading update

• Revenue for the first 21 weeks of FY26 rose by 9%, driven by order volume growth across all categories with margins maintained at historic levels.

• Positive momentum from Q1 continued into Q2, supporting confidence in meeting FY26 revenue and adjusted PBT market expectations.

• Current consensus for FY26 is revenues of £329.5m and adjusted PBT of £21.9m.

Acquisition and capital update

• Acquired Sovereign Transport Services Limited and Sovereign Commercials Limited for £3.4m (net of cash), representing about 5x estimated annual adjusted EBITDA.

• Acquisition funded mainly from existing cash reserves, with 65,000 new shares issued as part of the purchase price.

• Acquisition expected to enhance control over customer fulfilment and improve transportation operations.

• Application made for new shares to be admitted to trading on AIM, with total share capital post-admission at 328,769,068 shares.

Notice of results

• Interim results for the six months ending 31 March 2026 will be reported on 19 May 2026.