Volution Group plc (FAN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

OK, brilliant. Thank you. So warm welcome to Volusion full year 2025 results. Nice full room. So look, we're really delighted and excited to be here this morning to take you through our last 12 months. Pretty much similar format for us a quick a quick overview I'll be quite brief with that hand over to Andy to talk about the financial review for the year I'll come back on business review and in summary and outlook and then Q&A and I think our sort of view here is that probably 20-25 minutes on the presentation and just from past experience And we know there's always a good appetite to sort of go through the Q&A. So we'd like to allow some really good time to go through the Q&A. But look, for us, I've been doing this for some time now. So this was a strong year for us, revenue up. 20.6% or just under 22% on a constant currency basis and delighted with organic revenue at 5.7% on a constant currency basis. And obviously the inorganic benefit in the year was exclusively from the Fantech acquisition. Our organic growth was largely sort of volume-led rather than price-led, and Andy can get into a little bit more detail on that later on. But highest revenue growth was in the UK, 9.5% revenue growth in the UK, so very strong growth. revenue growth in the UK, and come back on that in a moment and just take you through some of the detail, but certainly supported by regulations. Evolution is a regulatory underpinned story. I think this is a really good example of it, and also made share gains in the market, and we can talk about that as well. Adjusted operating profit margin, small reduction, 22.3% versus 22.5% in the prior year, solely attributable to the Fantech dilution. And in actual fact, the organic margin expanded 50 basis points in the year. Again, very pleased about th...