Vertu Motors (VTU) investor relations material

Trading performance and financial outlook

• Strong trading in the five months to 31 July 2026, with growth in new and used vehicle sales and increased fleet market share.

• Aftersales operations contributed to profit growth, with stable gross margins and well-controlled operating expenses.

• Net debt expected to be £74.0m–£77.0m at August end, down from £78.3m in H1 2026, excluding IFRS 16 liabilities.

• Share buyback programme ongoing, with 2.4m shares repurchased year-to-date and £10.3m remaining from the £12m programme.

• Full year results for FY27 anticipated to be ahead of current market expectations, with consensus adjusted PBT at £25.5m.

Portfolio and operational developments

• Portfolio transformation includes new outlets for Chinese brands (Omoda, Jaecoo, Leapmotor, Geely) and expansion of Alpine, Renault, and Dacia franchises.

• Closure of a loss-making Mazda outlet and consolidation of Mazda operations with Nissan to reduce costs.

• Now operating 18 sales outlets for Chinese automotive brands, with further developments expected.

• Capital expenditure for the year will increase by £2.0m due to portfolio changes.

Market and regulatory environment

• Retail new vehicle order-take for July–September is ahead of prior year, supporting confidence for the key September plate change.

• Welcomes government consultation on the Zero Emission Vehicle (ZEV) Mandate, advocating for a pragmatic transition to electrification.

• Industry may still face high ZEV targets, especially in van channels, despite consultation.