Pets at Home : FY26 Prelim Results

About this update from Pets At Home Group Plc

Pets at Home Group Plc: FY26 Preliminary Results for the 52-week period to 26 March 2026 Building momentum through our Retail Turnaround Plan and unique Vets business Key financial results Statutory Metrics FY26 FY25 YoY Group Statutory Revenue (£m) 1,469.6 1,481.71 (0.8)% Group Statutory PBT (£m) 86.5 120.6 (28.3)% Statutory Basic EPS (p) 13.8 19.0 (27.7)% Dividend (p) 7.4 13.0 (43.1)% Financial Performance Metrics FY26 FY25 YoY % Group Consumer Revenue# (£m) 1,981.0 1,961.5 1.0% - Retail 1,292.9 1,306.4 (1.0)% - Vet Group 688.1 655.1 5.0% Group Underlying PBT# (£m) 92.8 133.0 (30.2)% - Retail 30.8 72.9 (57.8)% - Vet Group 83.8 75.9 10.4% Free Cash Flow# (£m) 61.9 83.8 (26.1)% - Retail 2.7 30.6 (91.2)% - Vet Group 74.2 67.5 9.9% Adjusted Net (Debt)/Cash# (£m) (19.4) 6.2 Underlying Basic EPS# (p) 14.8 21.0 (29.7)% In the 52 week period ended 27 March 2025, £0.4m has been reclassified from cost of sales to revenue, this adjustment has been posted to aid comparability with the current year. James Bailey, Chief Executive Officer: "Pets at Home is a business with many strengths, a strong shared purpose and great potential and I am excited to lead it through its next chapter. I have spent my early weeks immersing myself in the business, meeting colleagues and practice owners, understanding our customers and learning about the capabilities we have across the Group. I have found a business full of talented and committed people who want to do the best for our customers and their pets. This time in the business has increased my conviction on the opportunity to create value for customers, colleagues and investors of Pets at Home. We are the clear leader in the growing UK pet care market with a unique set of highly complementary businesses. We have considerable, sustainable competitive advantages including our unrivalled reach through our 460 pet care centres, our sector leading Vet business, our large and loyal customer base and well invested infrastructure. Material progress has been made over the past 6 months stabilising the Retail business, delivering improved satisfaction and better availability. We have the opportunity now to build momentum through profitable volume led growth in Retail while continuing to execute the proven growth levers of our Vet business and launch our Insurance offering. We will not achieve this without the continued hard work, passion a...

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