Marks Electrical Group (MRK) Trading update summary

Trading performance and outlook

• Full-year revenue for FY27 is expected to be broadly in line with market expectations.

• Operational efficiencies and fixed cost optimisation have led to stronger than expected profitability in H1.

• Full-year Adjusted EBITDA is now forecast to be ahead of market expectations, at no less than £3.75 million.

• Profitability improvements come despite ongoing cost inflation, particularly in fuel.

• Confidence remains high for continued performance through the peak trading period.

Leadership changes

• Philip Luke De Villanueva appointed as Chief Financial Officer and director, effective 1 December 2026.

• Philip brings over 15 years of finance experience, including roles at Gamma Communications and Balfour Beatty.

• Tom Pallatt steps down from the Board, with interim oversight by Audit Chair Helen Flear.

Business model and operations

• Operates a vertically integrated, low-cost, high-quality e-commerce model in the UK electricals market.

• Offers over 4,500 products from 50+ leading brands, with direct delivery, installation, and recycling services.

• Maintains strong relationships with UK distributors and delivers via owned branded vehicles.