Angling Direct PLC reported strong financial results for FY26, with record UK sales of £99.2 million, driven by both store and online performance, and a 13.8% increase in group revenue to £103.9 million. The companys MyAD loyalty program saw significant growth, with UK members increasing by 46.8% to over 600,000. Adjusted EBITDA rose by 42.9% to £4.8 million, and adjusted profit before tax increased by 44.0% to £2.9 million. The company also announced upgraded medium-term objectives, including a UK revenue target of £125 million and adjusted EBITDA of over £8 million. Despite short-term challenges related to the Middle East conflict, Angling Direct remains confident in its long-term growth prospects and is well-positioned for the future with a strong balance sheet and market-leading position in the UK.
| Financial Metric | FY25 | FY26 | Change |
|---|---|---|---|
| Revenue | £91.3m | £103.9m | +13.8% |
| UK Retail Store Sales | £50.7m | £56.4m | +11.1% |
| UK Online Sales | £35.7m | £42.8m | +20.0% |
| Total UK Sales | £86.4m | £99.2m | +14.8% |
| European Sales | £4.9m | £4.7m | -4.7% |
| Gross Profit | £33.1m | £39.1m | +18.2% |
| Gross Margin % | 36.2% | 37.6% | +140bps |
| Adjusted EBITDA | £3.4m | £4.8m | +42.9% |
| UK Adjusted EBITDA | £4.2m | £5.3m | +25.5% |
| European Adjusted EBITDA | -£0.8m | -£0.5m | +43.5% |
| Adjusted Profit Before Tax | £2.0m | £2.9m | +44.0% |
| Basic EPS | 1.85p | 2.81p | +51.9% |
| Group Net Cash | £12.1m | £10.9m | -9.9% |