Moonpig Group (MOON) Trading Update summary

Executive summary

• Trading momentum has continued in line with expectations, supporting FY26 guidance.

• Revenue growth remains consistent at approximately 10% year-over-year.

• Greetz has returned to year-on-year growth, both reported and constant currency.

• Active customer base expansion and increased adoption of personalisation features are driving order growth.

• Over one million Plus subscriptions have been reached, with numbers growing monthly.

Financial highlights

• Average order value is rising, supported by Moonpig Guaranteed Delivery and higher gift attach rates.

• Adjusted EBITDA is expected to grow at a mid-single digit percentage rate for FY26.

• Adjusted earnings per share are projected to increase between 8% and 12% year-over-year.

• Strong free cash flow generation is anticipated to fund growth and shareholder returns.

Outlook and guidance

• On track to deliver FY26 guidance, with continued revenue and profit growth expected.

• New brand launches in flowers and gifting are expected to support attach rate growth during key trading periods.

• Experiences division to accelerate product launches in subscription gifting, live experiences, and dining.