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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Marshalls
Marshalls (MSLH) investor relations material
Marshalls Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary19 Jan, 2026
Executive summary
Adjusted profit before tax for 2025 met market expectations, with revenue reaching £632 million, a 2% year-on-year increase.
Strategic progress was made under the 'Transform & Grow' plan, including cost-saving initiatives and leadership changes.
The balance sheet remains robust, supporting ongoing strategic and operational growth.
Financial highlights
Group revenue grew 2% year-on-year to £632 million, in line with previous updates.
Adjusted profit before tax is expected to be around £43.6 million, within the consensus range.
Pre-IFRS16 net debt stood at £138 million at year-end, up slightly from £134 million in 2024.
Outlook and guidance
Full year adjusted profit before tax is expected to be in line with market expectations despite subdued markets.
The outlook for 2026 remains uncertain, with no significant improvement in market activity anticipated.
Operational improvements and cost reductions are expected to drive improved financial performance in 2026.
Detail Landscaping Products' negative mix impact
Marley revenue outlook given H2 contraction
2026 profit improvement from Landscaping savings
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Next Marshalls earnings date
H2 202516 Mar, 2026
Marshalls
Next Marshalls earnings date
H2 202516 Mar, 2026
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Frequently asked questions
Marshalls Plc is a specialist supplier of hard landscaping products in the UK and internationally. It offers interior, garden, and driveway products including paving, driveway, kerbs and edging products and walling products. The company also provides artificial grass, garden and driveway design tools, stone products and garden sidewall systems. Marshalls plc was founded in 1890 and is based in Halifax, the United Kingdom.
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