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Victorian Plumbing Group (VIC) investor relations material

Victorian Plumbing Group Trading Update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Trading Update summary7 Oct, 2025

Financial performance

  • Group revenue rose by approximately 5% to £310m, aligning with market expectations despite a 3% decline in the UK Home Improvements & DIY market.

  • Order volumes increased by 6%, reaching a record 1,080,000 orders, with average order value stable at £287.

  • Adjusted EBITDA grew by about 17% to £31.8m, and adjusted PBT was £21.8m, both at the top end of market expectations.

  • Cash conversion remained strong throughout the year.

Strategic and operational highlights

  • Trade revenue grew by around 10% to £74m, now making up 24% of group revenue.

  • Tiles & décor revenue surged by 40% to £17m, increasing its share of group revenue to 5%.

  • Warehouse transformation and improved delivery speeds contributed to operational efficiency.

  • Free tile samples and expanded product range supported market share gains.

MFI brand update

  • MFI soft-launched in July, with encouraging customer response and ongoing product range expansion ahead of a full launch in H1 2026.

  • Investment in MFI remains disciplined and within previously provided guidance.

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Frequently asked questions

Victorian Plumbing Group plc is a UK-based company specializing in the online retail of bathroom products. The company offers a wide range of items, including baths, showers, toilets, basins, furniture, and accessories. Serving both consumers and trade professionals, Victorian Plumbing operates primarily through its e-commerce platform, providing a variety of styles and price points to suit diverse customer needs. The company is headquartered in Skelmersdale, United Kingdom, and its shares are listed on the London Stock Exchange.

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