VICTORIA PLC (VCP) — Annual results for year ended 28 March 2026

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the VICTORIA PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd like to hand you over to the management team. Jeff, good afternoon, sir. Good afternoon. Thanks everybody for joining the call. And we'll get straight into it so that we have a little bit more time for q and a at the end. And so I'll get Alec to take you through the financial overview of the year, and then we'll pick up. Right. Thanks, Jeff. Great. So just to start with a couple of headlines. Obviously, since we updated at the half year, you know, the revenue outlook was probably a little bit softer than we'd anticipated. So revenue for full year '26 was 1,000,000,000.045. That's revenue down about 6%. Volume was a little bit softer than that, so down almost 9%, really reflecting just that tough macro environment. We'll come on to, you know, more recent trading, which has been a lot more positive. But, you know, I think that lower volume has been a main driver of performance last year. EBITDA came in at 92,300,000. That is broadly in line with the guidance we provided back in February. We have aimed to be relatively conservative on the balance sheet movements at the end of the year. So we think that is a good clean number, a little bit of margin compression there, which we...