Business
RESULTS FOR THE YEAR ENDED 31 MARCH 2025
RESULTS FOR THE YEAR ENDED 31 MARCH 2025.
About this update from Big Yellow Group Plc
[{"type":"text","content":"\n\n\n\n Big Yellow Group PLC\n\n(\"Big Yellow\", \"the Group\" or \"the Company\")\nResults for the YEAR ended 31 MARCH 2025\nHIGHLIGHTS\n\n\n\n\n\nFinancial metrics\n\n\nYear ended \n31 March 2025\n\n\nYear ended\n31 March 2024\n\n\n \nChange\n\n\n\n\nRevenue(4)\n\n\n£204.5m\n\n\n£199.6m\n\n\n2%\n\n\n\n\nStore revenue(1)\n\n\n£203.1m\n\n\n£197.1m\n\n\n3%\n\n\n\n\nLike-for-like store revenue(1,2,6)\n\n\n£200.7m\n\n\n£196.2m\n\n\n2%\n\n\n\n\nStore EBITDA(1)\n\n\n£143.2m\n\n\n£143.0m\n\n\n0%\n\n\n\n\nAdjusted profit before tax(1,7)\n\n\n£115.6m\n\n\n£107.3m\n\n\n8%\n\n\n\n\nAdjusted earnings per share(1,8)\n\n\n57.8p\n\n\n55.9p\n\n\n3%\n\n\n\n\nDividend - final\n - total(4,5)\n\n\n23.8p\n46.4p\n\n\n22.6p\n45.2p\n\n\n5%\n3%\n\n\n\n\nProfit before tax(4)\n\n\n£203.9m\n\n\n£241.0m\n\n\n(15%)\n\n\n\n\nCash flow from operating activities (after net finance costs and pre-working capital movements)(3)\n\n\n \n£111.9m\n\n\n \n£110.1m\n\n\n \n2%\n\n\n\n\nBasic earnings per share(4)\n\n\n103.2p\n\n\n127.1p\n\n\n(19%)\n\n\n\n\nStore metrics\n\n\n \n\n\n\n\n\n\n\n\n\n\nStore Maximum Lettable Area (\"MLA\")(1)\n\n\n6,421,000\n\n\n6,419,000\n\n\n-\n\n\n\n\nClosing occupancy (sq ft)(1)\n\n\n5,056,000\n\n\n5,029,000\n\n\n1%\n\n\n\n\nClosing occupancy(1)\n\n\n78.7%\n\n\n78.3%\n\n\n0.4 ppts\n\n\n\n\nClosing occupancy - like-for-like stores (%)(1,2,6)\n\n\n79.1%\n\n\n79.0%\n\n\n0.1 ppt\n\n\n\n\nAverage net rent per sq ft(1)\n\n\n£34.71\n\n\n£33.64\n\n\n3%\n\n\n\n\nClosing net rent per sq ft(1)\n\n\n£35.17\n\n\n£34.14\n\n\n3%\n\n\n\n\n1 See note 28 for glossary of terms\n2 Excluding Kings Cross (opened June 2023)\n3 See reconciliation in Financial Review on page 18 \n4 Statutory metric\n5 The dividend paid in the year is all Property Income Distribution (\"PID\")\n6 See reconciliation in Portfolio Summary on page 13\n7 See reconciliation in note 10\n8 See reconciliation in note 12\n \nHighlights\n\n\n\n\n· \n\n\nStore revenue growth of 3.0%, with like-for-like store revenue up by 2.3%, driven by increases in average achieved rents\n\n\n\n\n· \n\n\n...