Business
FY26 Preliminary Results
B&M European Value Retail PLC reported a 3.6% increase in Group revenue to £5,775 million for the 52 weeks ended March 28, 2026, though adjusted EBITDA (pre-IFRS 16) fell 25.9% to £459 million, impacting the adjusted EBITDA margin to 8.0%. The company experienced flat like-for-like sales in B&M UK, offset by a 13.4% revenue growth in B&M France. Net debt decreased by 15.9% to £656 million, bringing the leverage ratio to 1.4x. The Group plans to offset rising costs through mitigation strategies and aims to return B&M UK to double-digit EBITDA margins in the medium term. Disclaimer*
About this update from B&m European Value Retail Plc
[{"type":"text","content":"\n\n3 June 2026\n\n \nFY26 Preliminary Results\n \nProfits at the midpoint of current guidance. Back to B&M Basics execution on track\n \nB&M European Value Retail plc (\"the Group\"), the UK's leading variety goods value retailer, today announces its preliminary results for the 52 weeks to 28 March 2026.\n \nTjeerd Jegen, Chief Executive Officer, said:\n \n\"FY26 was a difficult year that saw profits fall due to a challenging market and execution issues. We launched our Back to B&M Basics plan in October to restore like-for-like sales growth at B&M UK, which was flat overall versus FY25 while showing sequential improvement. The past six months has seen us sharpen our pricing, improve on-shelf availability in best-selling brands and revamp our in-store promotions. We cleared discontinued lines well in Q4 and are now embarking on SKU count reductions across all our FMCG categories. Cash conversion remained strong in FY26 and net debt has fallen, returning Group leverage back within our 1.0 to 1.5x target range, and I am pleased to report adjusted EBITDA (pre-IFRS 16) at the midpoint of our current guidance.\n \nFY27 remains a year of investment as we work hard to deliver growth under Back to B&M Basics and balance new store growth with investing in our store formats under Phase 2 of our strategic plan. We are confident we can offset rising energy costs in the year ahead through cost mitigation, the benefits of which will flow through to our bottom line once we have returned B&M UK like-for-like sales to growth. In the medium term, we continue to see no reason why B&M UK cannot return to double-digit EBITDA margins.\" \n \n \n\n\n\n\nHeadline measures\n\n\nFY26\n\n\nFY25\n\n\nChange\n\n\n\n\nGroup revenue\n\n\n£5,775m\n\n\n£5,571m\n\n\n3.6%\n\n\n\n\nGroup adjusted EBITDA (pre-IFRS 16)2\n\n\n£459m\n\n\n£620m\n\n\n(25.9)%\n\n\n\n\nGroup adjusted EBITDA (pre-IFRS 16)2 margin %\n\n\n8.0%\n\n\n11.1%\n\n\n(317) bps\n\n\n\n\nGroup adjusted profit before tax2\n\n\n£284m\n\n\n£455m\n\n\n(37.7)%\n\n\n\n\nAdjusted diluted EPS2\n\n\n21.3p\n\n\n33.5p\n\n\n(36.4)%\n\n\n\n\nGroup post-tax free cash flow3\n\n\n£321m\n\n\n£311m\n\n\n3.0%\n\n\n\n\nNet debt4\n\n\n£656m\n\n\n£781m\n\n\n(15.9)%\n\n\n\n\nOrdinary dividends\n\n\n9.6p\n\n\n15.0p\n\n\n(36.0)%\n\n\n\n\n\n\n\n\n\n\n\n\...
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