Business
Preliminary results for the year ended 31 Jan 2026
Saga plc reported a transformational year ending January 31, 2026, with underlying revenue increasing 11% to £654.6 million and trading EBITDA rising 16% to £134.9 million, leading to a 19% increase in underlying profit before tax to £44.2 million. The company successfully reduced its net debt by 16% to £499.5 million, improving its leverage ratio to 3.7x, and reported a profit before tax of £2.1 million, a significant improvement from the prior year's £160.2 million loss. Key strategic moves included refinancing corporate debt with a new £335.0 million term loan and completing the sale of its Insurance Underwriting business to Ageas, simplifying its model and removing underwriting risk. The outlook for 2026/27 is positive, with expectations of continued profit and cash generation growth. Disclaimer*
About this update from Saga Plc
[{"type":"text","content":"\n\n15 April 2026\nSaga plc\nUnaudited preliminary results for the year ended 31 January 2026\nTransformational year positions Saga for sustained growth\nFull year results exceeded guidance, driven by strength across Travel and Insurance\n \nSaga plc (Saga or the Group), the UK's specialist in products and services for people over 50, announces its unaudited preliminary results for the year ended 31 January 2026.\n \n\n\n\n\nYear ended\n\n\n31 January 2026\n\n\n31 January 2025\n\n\nChange\n\n\n\n\nUnderlying Revenue1,2\n\n\n£654.6m\n\n\n£588.6m\n\n\n11%\n\n\n\n\nRevenue2\n\n\n£660.0m\n\n\n£588.3m\n\n\n12%\n\n\n\n\nTrading EBITDA1,2\n\n\n£134.9m\n\n\n£116.0m\n\n\n16%\n\n\n\n\nNet finance costs3\n\n\n(£43.1m)\n\n\n(£26.7m)\n\n\n(61%)\n\n\n\n\nUnderlying Profit Before Tax1,2\n\n\n£44.2m\n\n\n£37.2m\n\n\n19%\n\n\n\n\nProfit/(loss) before tax2\n\n\n£2.1m\n\n\n(£160.2m)\n\n\n101%\n\n\n\n\nAvailable Operating Cash Flow1\n\n\n£205.9m\n\n\n£109.6m\n\n\n88%\n\n\n\n\nNet Debt1\n\n\n£499.5m\n\n\n£592.8m4\n\n\n16%\n\n\n\n\nLeverage Ratio1\n\n\n3.7x\n\n\n4.4x4\n\n\n0.7x\n\n\n\n\n \n1 Refer to the Alternative Performance Measures Glossary for definition and explanation\n2 From continuing operations\n3 Net finance costs exclude Travel and Insurance Underwriting finance costs and Travel net fair value losses on derivatives\n4 Following the Group's corporate refinancing and subsequent revised covenant definition, Net Debt and Leverage Ratio have been re-presented for 31 January 2025\n \nFinancial highlights\nThe Group delivered a strong set of results, underpinned by the performance of the Travel and Insurance businesses, alongside continued execution of the strategic plan.\n· A strong financial performance, ahead of guidance. Underlying Profit Before Tax5,6 increased to £44.2m, up 19% from £37.2m in the previous year, despite expected higher finance costs.\n· Underlying Revenue5,6 increased 11% to £654.6m, with growth across both Travel and Insurance, resulting in a 16% increase in Trading EBITDA5,6.\n· Net Debt5 reduced significantly, falling by 16% to £499.5m. Leverage Ratio5 also improved, from 4.4x7 to 3.7x.\n· Reported profit before tax6 of £2.1m, compared with a loss of £160.2m last year.\n·  ...