Business
Final Results
Final Results.
About this update from Angling Direct Plc
[{"type":"text","content":"\n\n13 May 2025\n \nAngling Direct PLC\n('Angling Direct', the 'Company' or the 'Group')\n \nFinal Results\n \nRecord UK sales underpinned by continued development of the MyAD proposition and capital deployment to enable delivery of the medium-term objectives1\n \nAngling Direct PLC (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, is pleased to announce its financial results for the twelve months ended 31 January 2025 (FY25).\n \n\n\n\n\n£m\n\n\nFY25\n\n\nFY24\n\n\n% Change\n\n\n\n\nRevenue\n\n\n91.3\n\n\n81.7\n\n\n+11.9%\n\n\n\n\nUK retail store sales\n\n\n50.7\n\n\n44.4\n\n\n+14.2%\n\n\n\n\nUK online sales\n\n\n35.7\n\n\n32.9\n\n\n+8.4%\n\n\n\n\nTotal UK sales\n\n\n86.4\n\n\n77.4\n\n\n+11.7%\n\n\n\n\nEuropean sales\n\n\n4.9\n\n\n4.3\n\n\n+14.1%\n\n\n\n\nGross profit\n\n\n33.1\n\n\n28.5\n\n\n+16.0%\n\n\n\n\nGross margin %\n\n\n36.2%\n\n\n34.9%\n\n\n+130bps\n\n\n\n\nAdj. EBITDA2\n\n\n3.4\n\n\n2.8\n\n\n+20.0%\n\n\n\n\nUK Adj. EBITDA2\n\n\n4.2\n\n\n3.8\n\n\n+11.8%\n\n\n\n\nEuropean Adj. EBITDA2\n\n\n(0.8)\n\n\n(1.0)\n\n\n+12.1%\n\n\n\n\nAdj. Profit before tax2\n\n\n2.0\n\n\n1.6\n\n\n+23.6%\n\n\n\n\nBasic EPS\n\n\n1.85p\n\n\n1.58p\n\n\n+17.1%\n\n\n\n\n \nFinancial highlights:\n\n\n\n\n· \n\n\nGroup revenue increased by 11.9% to £91.3m\n\n\n\n\n· \n\n\nRecord UK sales of £86.4m, driven by both store and online performance\n\n\n\n\n· \n\n\nUK retail store estate delivered strong revenue growth of 14.2% to £50.7m, fuelled by accelerated store rollout programme\n\n\n\n\n· \n\n\nLike-for-like store sales3 increased by 6.0%, with improved customer footfall\n\n\n\n\n· \n\n\nUK online sales grew 8.4% driven by improved conversion, with growth strengthening over H2\n\n\n\n\n· \n\n\nIn Europe, sales grew 14.1% to £4.9m with continued progress in the key territories of the Netherlands and Germany\n\n\n\n\n· \n\n\nGross margin progressed by 130bps to 36.2%, supported by significant own brand development\n\n\n\n\n· \n\n\nAdjusted EBITDA2 increased 20.0% to £3.4m, slightly ahead of recently upgraded consensus market expectations\n\n\n\n\n· ...