Business
FY25 Results
FY25 Results.
About this update from Marks Electrical Group Plc
[{"type":"text","content":"\n\n \n \nMarks Electrical Group plc\nAnnual financial results for the year ended 31 March 2025\nFY25 performance in line, continued delivery, strategic and operational progress, well positioned for year ahead\n \nMarks Electrical Group plc (\"Marks Electrical\" or \"the Group\"), the online electrical retailer, today announces its full year audited results for the 12 months ended 31 March 2025 (\"the year\" or \"FY25\").\nFinancial highlights\n· Record full-year revenue of £117.2m (FY24: £114.3m), with 2.6% year-on-year growth, despite a highly competitive backdrop.\n· Adjusted EBITDA(1) of £4.2m (FY24: £5.0m) as previously guided. Rapid growth in consumer electronics sales negatively impacted margin mix, offset by carefully controlled marketing and overhead costs.\n· Adjusted EPS of 1.54p(2) (FY24: 2.45p), statutory loss per share of 1.38p (FY24: 0.41p).\n· Strong closing net cash(3) position of £8.8m (FY24: £7.8m). Improvement in working capital and tight control of capital expenditure.\n· Proposed final dividend of 0.66p per share, leading to a total FY25 dividend payout of 0.96p (FY24: 0.96p). The dividend payout reflects the Group's strong, debt-free balance sheet and confidence in its future growth prospects.\n \nOperational highlights\n· Broadly maintained position in Major Domestic Appliances (\"MDA\") market share in FY25 of 2.7% (FY24: 2.8%)(4).\n· Strong growth in Consumer Electronics (\"CE\") market share to 0.7%(4) in FY25 (FY24: 0.5%).\n· The new enterprise resource planning (\"ERP\") system Microsoft Dynamics 365 (\"D365\") is now fully operational across the business, supporting the technological advancement in moving to a cloud-based platform. This will enable the business to drive operational efficiencies.\n· Despite the strategic changes made throughout the year which impacted operations, our dedicated teams remained resilient and maintained an outstanding Trustpilot rating of 4.8, now based on over 100,000 reviews, demonstrating the enduring strengths of our differentiated and popular customer proposition.\n \nCurrent ...