VICTORIAN PLUMBING GROUP PLC reports results for the year ended 30 september 2025

2025-12-03 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On December 3, 2025, Victorian Plumbing Group PLC announced its final results for the year ended September 30, 2025. The company reported a revenue increase of 5%, reaching £310.0 million compared to £295.7 million in the previous year. This growth is attributed to ongoing market share gains and a 6% increase in order volume, resulting in a record 1.1 million orders.

Gross profit rose by 4% to £153.2 million, with a slight decline in gross profit margin to 49.4%, down from 50.0% in 2024. The decrease in margin is partly due to the introduction of the Extended Producer Responsibility tax and changes in product mix. Adjusted EBITDA saw a significant increase of 17%, amounting to £31.8 million, with the adjusted EBITDA margin improving to 10%, up from 9% in the prior year.

Operating profit surged by 61% to £18.0 million, driven by the absence of exceptional items that affected the previous year’s results. However, adjusted profit before tax (PBT) decreased by 6% to £21.8 million, reflecting increased interest expenses related to a new distribution center lease. The adjusted PBT margin also fell to 7%, down from 8% in 2024. Adjusted diluted earnings per share (EPS) increased by 2% to 5.4 pence, while statutory diluted EPS rose dramatically by 147% to 4.2 pence, reflecting improved profitability.

Victorian Plumbing proposed a final ordinary dividend of 1.45 pence per share, resulting in a total ordinary dividend of 2.15 pence for the year, which represents a 34% increase from 1.61 pence in 2024. This dividend increase underscores the company’s commitment to enhancing shareholder returns amid a strong financial performance.

Looking ahead, the Group has experienced a positive start to the current financial year, with continued revenue growth across all categories. The company remains optimistic about its future financial prospects, despite operating in a volatile consumer and economic environment. The MFI brand, which was soft-launched in July 2025, is expected to incur a loss of between £2.6 million and £3.4 million in the current year as it builds its product range ahead of a full launch in 2026.

In conclusion, Victorian Plumbing Group PLC’s financial results for the year ended September 30, 2025, reflect a solid performance with record revenues, increased profitability, and a commitment to shareholder returns through dividend growth. The company is well-positioned to continue its strategic growth initiatives while navigating the challenges of the current market landscape.

Original Announcement

Title: FINAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
Date: 2025-12-03
Source: London Stock Exchange