Business
RESULTS FOR THE YEAR ENDED 31 MARCH 2026
Big Yellow Group PLC reported a 2% increase in revenue for the year ended March 31, 2026, reaching £209.1 million, with store revenue and like-for-like store revenue also up 2%. Adjusted profit before tax rose by 2% to £117.5 million, and adjusted earnings per share increased to 59.0p. The company's store EBITDA was £146.5 million, a 2% increase, with an EBITDA margin of 70.5%. Despite a 1.7 percentage point decrease in like-for-like store occupancy to 77.0%, driven by the opening of four new stores, average net rent per square foot increased by 4%. The Group declared a full-year dividend of 47.2 pence per share, a 2% increase, and invested £2 million in solar arrays across its stores. Disclaimer*
About this update from Big Yellow Group Plc
[{"type":"text","content":"\n\n \n Big Yellow Group PLC\n(\"Big Yellow\", \"the Group\" or \"the Company\")\nResults for the YEAR ended 31 MARCH 2026\n \nHIGHLIGHTS\n\n\n\n\n\nFinancial metrics\n\n\nYear ended \n31 March 2026\n\n\nYear ended\n31 March 2025\n\n\n \nChange\n\n\n\n\nRevenue(4)\n\n\n£209.1m\n\n\n£204.5m\n\n\n2%\n\n\n\n\nStore revenue(1)\n\n\n£207.6m\n\n\n£203.1m\n\n\n2%\n\n\n\n\nLike-for-like store revenue(1,2,6)\n\n\n£207.3m\n\n\n£203.1m\n\n\n2%\n\n\n\n\nStore EBITDA(1)\n\n\n£146.5m\n\n\n£143.2m\n\n\n2%\n\n\n\n\nAdjusted profit before tax(1,7)\n\n\n£117.5m\n\n\n£115.6m\n\n\n2%\n\n\n\n\nAdjusted earnings per share(1,8)\n\n\n59.0p\n\n\n57.8p\n\n\n2%\n\n\n\n\nDividend (4,5)\n\n\n47.2p\n\n\n46.4p\n\n\n2%\n\n\n\n\nProfit before tax(4)\n\n\n£126.2m\n\n\n£203.9m\n\n\n(38%)\n\n\n\n\nCash flow from operating activities (after net finance costs and pre-working capital movements)(3)\n\n\n \n£111.5m\n\n\n \n£111.9m\n\n\n \n-\n\n\n\n\nBasic earnings per share(4)\n\n\n63.8p\n\n\n103.2p\n\n\n(38%)\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\n6,721,000\n\n\n6,421,000\n\n\n5%\n\n\n\n\nClosing occupancy (sq ft)(1)\n\n\n4,985,000\n\n\n5,056,000\n\n\n(1%)\n\n\n\n\nClosing occupancy(1)\n\n\n74.2%\n\n\n78.7%\n\n\n(4.5 ppts)\n\n\n\n\nClosing occupancy - like-for-like stores (%)(1,2,6)\n\n\n77.0%\n\n\n78.7%\n\n\n(1.7 ppts)\n\n\n\n\nAverage net rent per sq ft(1)\n\n\n£35.98\n\n\n£34.71\n\n\n4%\n\n\n\n\nClosing net rent per sq ft(1)\n\n\n£36.28\n\n\n£35.17\n\n\n3%\n\n\n\n\n1 See note 28 for glossary of terms\n2 Excluding Staines, Queensbury, Slough Bath Road and Wembley (all opened 2025/26)\n3 See reconciliation in Financial Review\n4 Statutory metric\n5 The dividend paid in the year is all Property Income Distribution (\"PID\")\n6 See reconciliation in Portfolio Summary\n7 See reconciliation in note 10\n8 See reconciliation in note 12\n \nHighlights\n\nStore revenue growth of 2%, with like-for-like store revenue also up by 2%, driven by increases in average achieved rents\nLike-for-like occupancy decrease of 1.7 ppts to 77.0% (March 2025: 78.7%), since the period end, this gap has closed to 0.6 ppts. During the year four new stores were opened adding 0.3 million sq ft (5% of o...