TheWorks.co.uk plc (WRKS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the works.co.uk PLC FY25 preliminary results presentation. Throughout this quarter presentation, investors will be in listen-only mode. Questions are encouraged and they can be submitted at any time by the Q&A tab situated in the right corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question it receives in the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you up to CEO Gavin Peck. Good afternoon, sir. Thank you, Alessandro. Good afternoon, all, and thanks for joining us today. Rosie and I look forward to updating you on the great financial and strategic progress that we've made in the past 12 months and the strong momentum that we've carried forward into FY26. I've got plenty of time at the end to answer any questions that you may have. So in summary, it's been a year of significant progress operationally, financially and strategically. Excitingly, we launched our new strategy to elevate the works in January this year. That starts with a clear ambition that supports our new brand position, which is to be the favourite destination for affordable, screen-free activities for the whole family. We've got clear plans that underpin bringing our ambition to life. We are already delivering tangible progress with momentum building. Delivery of those plans will step change financial performance over the next five years. We'll deliver over £375 million of sales and EBITDA margin in excess of 6%. We're embarking on delivery of that strategy from a solid foundation, having delivered a strong financial perform...