Future (FUTR) Trading update summary
Event summary combining transcript, slides, and related documents.
Trading update summary
30 Sep, 2026Trading performance and outlook
Second half trends aligned with expectations, with full-year delivery in line with market consensus for FY 2026.
FY 2026 consensus: revenue £707m, adjusted EBITDA £180m, adjusted EPS 101p, leverage 1.7x, including SheerLuxe acquisition.
Capital allocation and shareholder returns
Share buyback paused after £24m of £30m executed, prioritizing deleveraging in FY 2027.
Current dividend policy will be maintained.
Strategic focus and business model
Strategy execution centers on growing engaged audiences, diversifying and increasing revenue per user, and optimizing the portfolio.
Operates around 175 brands across diversified content verticals, monetizing via advertising, eCommerce affiliate, and direct consumer channels.
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